Whither the economy?

This just out from NPR and the Associated Press:

Leading Indicators: Recovery Could 'Lose Steam'
by The Associated Press

A private research group's index of leading economic indicators unexpectedly slipped in April, its first drop in more than a year and a sign that growth could slow this summer.

The Conference Board said its gauge of future economic activity edged down 0.1 percent last month, the first decline since March 2009. Economists polled by Thomson Reuters had expected a gain of 0.2 percent.

The index is designed to forecast economic activity in the next three to six months.

The decline "suggests a recovery that will continue through summer, although it could lose a little steam," said Ken Goldstein, an economist at the Conference Board.


What does this mean for the short-term?

More government spending, folks. Count on it. Get used to the idea.

Or would you rather have the economy drop further and have more unemployment?

Those are our choices. Take your pick.