David Roskoph

U.S. Growth Probably Now at 4.5 Percent

Indeed the recovery is at hand and the recession a painful memory. However, the market's invisible hand must shake all available easy money out. Ergo, taking 'er down as the recovery manifests will convince the loose hands that a double dip is dead ahead. Forget it! Emotional trends are tough to kick.

This is a recovery for the textbooks, starting from the once-cancerous inards out; we are a stronger nation going forward. The one-card-monty of (too) free market capitalism - that gave us the contract law dot-com and real estate booms - will be replaced by something with better odds. Why even the Federal Reserve is threatening to be more responsible.