As you can see from the posting found on the Philidelphia Fed web page, the economy is making a come back, after a "double dip".
Had our government officials not throw us into a ditch, we would not have needed housing and auto subidies to pull us out, but the car clunker and first home subsidies and others are kicking-in. The third quarter will be strong and the forth very strong.
Dramatic growth in the communications sector will continue.
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