The economic recovery is tepid and uneven but it is a recovery. The perception of a receovery has made its way into public discourse and is one reason why President Obama is in a pretty good position for the upcominng general election. The difference between a tight election and a fairly comforable victory for Obama depends in some part on the performance of the economy in swing states. If the article below is any indication, then the Obama campaign will begin to feel a bit more confidence.
The unemployment rate in Nevada, Ohio, Florida and 34 other states fell in April. Though that figure is diluted by the number of people who have stopped looking for work, there is a clear trend towards more jobs, not fewer, and particularly in the private sector.
Combine that will the reduction in foreclosures, the improved ability of folks to refinance mortgages and the lower cost of capital, the US economy is moving in the right direction.
http://www.reuters.com/...