Not if we(the government) keep doing what we're currently doing, that's preposterous.
The economy goes in cycles regardless of any outside influence. The last economic boom happened during Clinton's administration. Did Clinton really do that?? I liked Clinton and all, but did he?? Or, did he reap the rewards of what Reagan did?? I'm asking that in all honesty, because you'll get different stories from different party lines, and neither of their views can be proven beyond a shadow of a doubt.
Look back in history it's all cyclical, so yes, the economy will recover regardless of what Obama is doing currently unless the entire system collapses.
By the way, pending home sales were up 3.2% last month, which caused a spike in the stock market, which caused the banks to do a little bit better. Over $50 million of the $100 million set aside for new home buyer tax credits has been used already. They are trying to get another $ 100 million approved, because it's showing to be so effective at getting people that were sitting on the fence off of it. You know what that means? People are buying homes. We just have so much of an inventory that it's going to take a little while to truly look positive on paper. So, it has begun already.
Mark last week as the beginning of it. I'm not saying it's going to be great by tomorrow, but it is coming.
