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Unformatted text preview: RDQ Economics in New
York. "There are positives out there in the economy. We'll avoid a recession." Household balance sheets are in better
shape, with indebtedness down about $100 billion in the first quarter, according to the New York Fed. Banks are more profitable:
Earnings have risen for 11 straight quarters, based on data compiled by the Federal Deposit Insurance Corp. Even
the housing market is reviving, with starts through the first four months of this year 24 percent higher than the same 2011 period. Internal: Manufacturing Base/Jobs
Plan would increase jobs for manufacturing sector and small businesses
Office of the vice president, February 08, 2011
(press release, http://www.whitehouse.gov/the-press-office/2011/02/08/vice-president-biden-announces-six-yearplan-build-national-high-speed-r; DKE)
<This long term commitment builds on the $10.5 billion down payment the Obama Administration already devoted
to a national high-speed rail system – including $8 billion of Recovery Act funds and $2.5 billion from the 2010
budget. These invest...
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