The short answer is yes. Forecasters anticipate that extending the Bush tax cuts, as well as other measures in the Obama-GOP deal, will breathe life into the economic recovery.
Tepid but sustainable, is the most common answer. Growth in Asia will be the main driver, with help from a modest revival in the US.
The Conference Board's economic indicators were positive for the third straight month in June, though recovery may be slow.
Despite Obama's three new economic initiatives, world stock markets have slumped and the Dow hit a six-year low.