Is the Economic Recovery on the Rise

As the final quater of 2010 comes in we also bring about the question is that is on everyone's mind.  The state of the economy and what the future holds.  Lets take a look back at the TARP bailout, you know the infamous bailout which AIG, The Banks, The Automotive Industry and Private investor groups just to name a few were placed under and became "wards" of the state.  Well as of this past wednesday AIG and there groups both Domestic and International have come to strike a deal for an exit plan.  This exit plan will be paying back the taxpayer and investor money.  With this plan that will come to completetion at the end of the year, they will be paying back the money they were lent.  Which means AIG will be an independent business again by the start of 2011.  

Now the banks which are close to finishing paying back their loan from TARP, does this signify a return to economic stablity, not just yet.  Even though the money is going back into system and Banks gaining independence from the government.  That still does not take into account the universal consumer lack of faith in the economy.  Which is hindering growth, because people are unwilling to spend their money, the government needs to come together and show people they don't have to fear the slow recorvery.  But this won't happen until after the Mid-Term elections next month in November.  Why because both parties are using fear tactics to garner votes to keep seats and regain lost seats. 

I leave you with this, you need to realize that economy is on slippery slope upwards.  It will take time to recover and it isn't something that can be fixed quickly.  Anyone who tells you different is a liar.