Bush Boom Update
The Bush Boom is rolling along, and one of the nation's leading economists thinks President Bush's economic policies are setting the state for another long period of economic growth. Today's good economic news:

More good news for the U.S. economy emerged on Thursday with a trio of reports showing a fall in claims for jobless benefits and a climb in two broad indexes of economic health.

Also, the Joint Economic Committee of Congress is reporting that jobless claims are trending downward, inflation is low by historical standards, and housing starts remain strong.

And economist Larry Kudlow is praising the non-inflationary Bush Boom, saying:

It's a business-led scenario this country hasn't seen in many years, and it could mean another 8-to-10-year prosperity cycle is on the way. ... In effect, America's businesses are producing at a torrid 8 percent rate without generating any inflation. Keynesian demand-siders who believe that growth causes inflation should take their models out behind the barn and shoot them. As profits and production continue to rise, more jobs and higher worker incomes will spur a new round of consumer spending this winter and spring. Supply creates its own demand. Bush administration supply-siders who argued in favor of permanent tax incentives to grow the investment side of the economy are being proven exactly right.

I'd blame the Bush tax cuts, but Kudlow already did.