Follow this link to the UPI story that quotes Christina Romer as saying:

Romer said she thinks the United States will experience “a different kind” of economic recovery from this recession.

“I think it’s not going to be one where consumers come roaring back as the engine of growth,” she said. “It’s going to need to come from our exports.

Who could have imagined that? Not Nightly Business Report which is constantly saying that they don’t know where the recovery is going to come from. Maybe you could have read it here or in the Worcester T & G from that renowned economist, Steve Greenberg.

See my previous post, Capitalism Is The Path To Prosperity, where  on January 24, 2010, I said:

… Since the local consumers have finally realized that they cannot count on rising real-estate values as extra income, they are cutting back on purchases to pay off debts. If they won’t provide the purchasing power to stimulate demand, exports are our next best bet.