Maybe everyone should sit tight and see how everything plays out before crowning the savior of the economy. Yes, there are positive signs out there and the economy may be coming out of recession. The economy could very easily slip back into recession soon after and the full extent of the costs are not yet known. Will taxes increase? Will more services be slashed? Inflation? Less competition and higher costs for investments due to failure to act? We're at least a year out from deciding who saved us, if anyone actually did save us from depression. CNNMoney:
Although the recession isn't officially over yet, there is a growing sense that the economy is now in a recovery. But there is also a growing debate about who deserves the credit.
The question of who should receive praise for helping to get the economy back on track may seem trivial. But knowing what policies worked, and which ones need to stay in place, could keep the recovery from stalling out.
Many in Washington have gone to extraordinary lengths to try and turn around the economy over the past year or so.
