Good News Coming Our Way?

With the current recession taking nearly 5.1 million jobs since December 2007, we look to friday where we will again see April's totals for unemployment (which some economists speculate could reach a high of 8.9%). How is it then that "Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy should start growing again later this year"? He goes on to explain that even with his prediction of improvement, he believes our economic activity will remain "subpar". He says that businesses will remain wary of hiring. Due to President Obama's tax cuts (part of his stimulus package) and increased government spending, economists predict that the economy should begin to grow. Bernanke also says, "there's been tentative signs that the declines in other countries' economic activity may be moderating, which could help sales of U.S. exports." With exports rising, so then would our output (real GDP). With money being pumped into the system, people would once again be able to invest, allowing various companies to increase production and begin to hire, and thus raising GDP and lowering the unemployment rate. Lets hope for the best and see what happens!
-SC