I have yet to see an analysis why the US will actually recover. Considering the debt and other fundamental flaws within our current economy. Even plans of new tax codes fail to address the actions needed, ie slashing Gov’t.
It won't. The next wave of foreclosures and the cascade of bank closures will happen in 2012. The next President will preside over a financial graveyard. Trillions in artificially generated wealth will disappear worldwide.
The bump we got on our bonds came solely from panicking investors dumping out of the EU because Greece, Spain, and Italy are all teetering on the edge of insolvency and default. We're going to be partying like it's 1939 very soon.
The hit everyone took on their portfolios and retirement accounts in 2008 was merely the coming attraction. The main feature has yet to play out.
If Obama is kicked out of office along with his class warfare and anti business policies, the economy may then see some light.