Obama’s cash advances are critical for the country’s recovery

Some good news at last

President Obama's huge cash advances to the economy in the form of stimulus packages have started to show some good results at last. The first ray of hope appeared last month when the data released by the Commerce Department indicated that after declining for six consecutive months, new orders for manufactured goods had finally taken a u-turn in February. Interestingly, the bounce back was much better than what analysts anticipated. Although there was the news that the manufacturing sector has contracted for the 14th month in a row due to continuous cuts in production, one must not neglect that small rise in new orders as it confirms that all the thought processes and the cash advances that have been injected in to the economy are actually working.

A much needed relief

Though people were hopeful that the economy would start stabilizing by the second half of 2009, there was no hard fact to back it up until the Commerce Department's data was published. As per the report, new orders for manufactured goods had risen by $6.1 billion or 1.8% in February to $352.2 billion in March providing the much needed relief to anxious Americans. The rise sounds even better because during January, new orders had witnessed a big fall of 3.5%. Experts had forecasted a rise of 1.4% in February. However, though the analysts were beaten in their prediction, they must get the credit for at least predicting a rise. Meanwhile, the Institute of Supply Management's (ISM) factor index, which shows the overall mood of the sector, has moved up from 35.8 in February to 36.3 in March creating a wave of optimism in the economy. ... click here to read the rest of the article titled "Obama's cash advances are critical for the country's recovery "