Technically speaking or not, Senate Banking Committee Chairman Chris Dodd is not ready to jump on the Beard's bandwagon and proclaim the recession over.
"I don't think it's over,'' Dodd said in a conference call with reporters this afternoon. While Dodd said the economy is showing several signs of rebounding -- "I appreciate the fact that we're not talking about [a] depression any longer'' -- and said he is optimistic, he also acknowledged that the recovery is not yet complete.
"It's clear it's getting better,'' Dodd said. But, he added, "we have a long road ahead of us.''
Evidently the guy at the helm of the forthcoming regulatory overhaul bonanza likes his chances of success.