Leading Indicator Shows Recession May Soon End

This is yet another hopeful sign that the current economic recession may be easing. Recent reports indicate that the housing sector has hit bottom and should be stabilizing as well. What remains to be seen, however, is the pace of any recovery for the economy and then, how well a recovering a economy will be able to maintain any gains that it makes.

There is still a tremendous backlog of unsold homes in this country and there will likely be additional foreclosure activity for the remainder of this year. Those that are able to hold on until then may see some light at the end of the tunnel.

This recent run of good economic news is coming none too soon for the Obama administration, whose much-hyped attempt to overhaul health care has been slowed considerably by Congress and by slipping poll numbers among Americans. If the economy continues to improve, however, the administration may be able to take credit for it's stimulus package contributing to the recovery. That could conceivably generate some much-needed credibility among people on the street.

If, in fact, the economy improves, it's likely that a health care package will make it through Congress before the end of the year. What remains to be seen, however, is what exactly such a package would mean for average working Americans who are grudgingly paying exorbitant costs for health care. If history is any indicator, the new health care system will likely mean very little.