The April stock market was the best in months, unemployment is still under 5% (this would match Bill Clinton’s best years in office), corporate profits outside of the financials are up 10%, steel mills are running at 90% capacity (pretty much full out). The recession that has been reported as a fact has not yet happened, as the first quarter showed a positive, though more modest growth.

And this performance has been in spite of high oil prices, high food prices, and the mortgage meltdown. Is our economy with its low taxes and entrepreneurial spirit more resilient than any of the reporters, who are commonly economically as dumb as a rock, can possibly accept?

Are the candidates promising hope and change speaking to a smaller audience than the media portrays?

The media loves to report on the political rallies because that is where the news is. It is hard to report on the people who are absent from the political rallies, but that is where the truth is.

Larry Kudlow writes how well the economy is doing at National Review. Read his piece here.

print