The economy is showing signs of recovery, feeling the resurgence of CitGroup Bank and other lending institutions profitability percentages.  When President Barack Obama passed the $787 billion Stimulus Package into law on February 17,2009, economist speculated that the economy would begin to improve the early part of June of 2009. The long term goal of improvement of the economy was initially placed at 10 to 12 months.

 The stress test performed the last week in April proved that the banking system is strong and has the capital to sustain in the state of the economy. This statement is per Treasury Secretary Geithner who spoke with Charles Gibson of ABC news in April of 2009.The Obama administration is rethinking unveiling results of the bank stress test.  The president thinks that keeping investors in the dark could impede bank's confidence.

 President Barack Obama has been telling Americans to look at the long term implications of his economic policies.  Treasury Secretary Timothy Geithner has been instrumental in getting the housing plan pass through congress that sought to get new home owners to jolt the economy with tax credits of up to $8,000 for new home buyers and $1500 tax credit for making their homes energy efficient.

In a meeting at Georgetown University, President Barack Obama pledged to rebuild the American economy on five pillars:  Wall Street regulation, education, renewable energy, containment of health-care costs and long-term deficit.  The president successfully got his $3.5 trillion budget passed through congress just prior to having to announce Chrysler entering bankruptcy court.  President Barack Obama expects the beleaguered automaker to emerge strong within 60 days as it "marries" Italian automaker, Fiat.

Although President Barack Obama says that he sees "signs of economic progress," the recession has plenty of staying power.   Consumer demand has dampened causing companies to cut prices across the board.  Consumer prices fell 0.1% according to Business Week. 

According to the Federal Treasury  Beige Book; report on conditions in all the regions of the United States, 5 out of 12 banks saw moderation in the banking industry instead of the usual steady pace of decline.