US economy bouncing back

In an article about how the Bush administration needs to trumpet its successes more often, Lawrence Kudlow of CNBC points out that the US economy is doing rather, well, well:

Message repetition. Without it the mainstream media will fill the void with their usual brand of pessimism. But the reality is that the economic story is an optimistic one. GDP growth is steady and significant. November jobs expanded by 215,000 (238,000 including prior revisions) and unemployment remains at a historical 5 percent low. Earlier in the week a slew of new economic reports all came in above Wall Street estimates: rising consumer confidence, strong new home sales, expanding business investment in capital goods, and continued manufacturing growth according to the Institute for Supply Management. The stock market, meanwhile, is in the midst of a big year-end rally. These are great economic signs, but Bush must get the message out again and again.


POSTSCRIPT: An editorial from the
San Diego Union-Tribune also details the strong economic growth in the US.