Confidence that Obama's leadership will pull this nation out of its recession is once again reflected in the durable goods orders report for February, which shows the recession is moderating and starting to turn around:
New orders for long-lasting U.S. made goods rose in February for the first time in seven months and new home sales rebounded, government reports showed on Wednesday, suggesting the economic downturn might be easing a bit.
The Commerce Department said durable goods orders rose 3.4 percent to $165.6 billion in February, the biggest gain since December 2007, after a 7.3 percent plunge the prior month.
In another report, the department said sales of newly built U.S. single-family homes rose at their fastest pace in 10 months in February.
The data are the latest in a series of recent economic reports indicating the downturn in the economy, after a brutal fourth quarter, may be moderating.
Rush Limbaugh and his roving pack of dogs are still down-talking the prospects of an economic recovery -- with some of the more flea-bitten of the pack suggesting that Obama will bankrupt our nation. Meanwhile the group of Americans who show the largest increase in confidence are -- Republicans -- the same people telling Americans that we're headed for the crapper. They're buying stocks and investing in America's future as they try to browbeat Americans into believing we're headed for a depression.
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