The Recession is Over

...according to a statement made by Ben Bernanke today.

That's great. I'm so glad to hear it. They were sounding somewhat more pessimistic at the FOMC last week but hey, I'll take it. Hopefully now, the bailouts will come to a close, the auction lending facilities will be wrapped up as soon as possible, quantitative easing will at least not be extended beyond where it is at now (if not stopped early), and further FOMC meetings will bring rises in the interest rate.

Or perhaps, maybe, current circumstances are supported by unsustainable easy credit from the government that will reverse once the bailout measures reach their natural endpoint of an exhausted tax base?