Friday's employment report, showing a much-higher-than-expected increase of 166,000 in nonfarm payroll jobs, was only the latest in a spate of remarkable reports showing the economy's stunning resilience.
contrary to fears and forecasts of much slower growth in the third quarter, the U.S. economy in fact expanded at a 3.9% rate
Inflation showed its lowest annual rise since the 1960s
The broad stock market, despite an up and down year, has mostly been up
Employment costs, rising in the third quarter at 3.8% annual rate, are well under control
the budget deficit fell to $163 billion, or 1.2% of GDP, its lowest level in five years
even the big, bad trade deficit has begun shrinking, as the weak dollar sets off a U.S. export boom
What's funny about all this is how little is being made of it
The media have been quiet as church mice about the good news — much the same way they're ignoring signs of a victory in Iraq
But they've found lots of bad news
Gee, you'd almost think they have an ax to grind