That is an important point. However, I didn't mention it, only because that encouraging situation remained the same since the March 16 FOMC statement. I was only highlighting improvements since March 16.
FWIW, the March 16 statement's discussion of business spending on equipment and software showed improvement from the January 27 FOMC statement, which noted, "Business spending on equipment and software appears to be picking up..."
I believe it is increasingly clear to objective observers that the economy is in the midst of a recovery. The 2010 Q1 GDP report, which will be released on Friday, should show another quarter of growth. I suspect that Q1 had annualized real GDP growth in the vicinity of 3.5% +/- a few tenths of a percent. It is not completely out of the question that a 4.0% figure might be reported, as an upward suprise is probably more likely than a downward one.