It's the Economy, STUPID!

The famous words of Clinton campaign manager James Carville need to be directed towards the Mainstream Media.

Far too little positive coverage has been given to the thriving U.S. economy. Yesterday The New York Times had this headlined article, "Surprising Jump in Tax Revenues Curbs U.S. Deficit".

The Bush Administration is set to announce tomorrow that the economy and federal revenues are growing at such a rapid rate, $250 Billion, that the deficit will shrink in the short term, about $100 Billion less. Rob Portman is the Director of the Office of Management and Budget (OMB) and he says the President's economic policies have led to exceptional economic growth, which has in turn led to bulging federal receipts.

The Times and Fiberals are the only ones surprised that the tax cuts they criticize are once again working. I know I've been a fan since Ronald Reagan righted the Ship of State, that Jimmy Carter had nearly sunk, with his "Supply Side" tax cuts.

Lawrence Kudlow, economist and host of CNBC's "Kudlow & Company" writes that, "Since the 2003 tax cuts, tax-revenue collections from the expanding economy have been surging at double-digit rates, while the deficit is constantly being revised downward." Also, "...over the past 11 quarters, dating back to the June 2003 Bush tax cuts, America has increased the size of its entire economy by 20 percent."

Just think how much better it would be if Congress would control spending and end earmarking.