More Bad News For Democrats

The economy is soaring. And there's no reason why it shouldn't keep getting better.

Over the past year, following the enactment of the president's tax-cut plan, real economic growth has increased 5 percent with only 1.6 percent inflation. After-tax profits have increased 37 percent (fully adjusted for depreciation and capital consumption). Business spending on equipment and software has grown 12.5 percent. Since last August, 1.1 million jobs have been created. Spendable income has increased 4.9 percent in real terms. Consumer spending is up 4.3 percent.

The economy is roaring at its fastest pace in 20 years, and there's no clear reason why the prosperity trends won't continue. Why can't the naysayers see it?