Goldilocks and the Bush Economy

On balance, the news is good on the economy, a remarkable sustained effort given the impact of 9/11. The Bush tax cuts helped jump-start the economy, and American initiative carried it further---the Dow is nearing an all time high.

WSJ: "Good Economic News Cheers Republicans".

Tribune editorial, RCP: "Golidlocks and the Dow".

And here's Bruce Bartlett, NRO, "The Truth About Wages":

In short, despite all the talk about the rich getting richer at the expense of the poor, the fact is that the percentage of households with low incomes has fallen and the percentage of those with high incomes has risen. This is perhaps the main reason why Democrats have had trouble getting traction on the income issue: There are fewer people in the income class to which they historically have directed their message. The more people there are in the $75,000-plus income category the more people there are who are receptive to the Republican message of low taxes.

And unemployment remains low at 4.7%. The ownership society is on the march.