Yes there is good news but who notices?

Rich Karlgaard passes on from economist David Malpaas at Bear Stearns:

“First quarter GDP growth is setting up to be a blow-out. Consumption, investment, government spending and residential investment are all, at least through mid-February, looking even stronger than our 5% first-quarter growth forecast. . . . [There is a] smooth shift underway from an interest-rate-related emphasis on U.S. housing and consumption to a global-growth-related emphasis on business investment.”

And Larry Kudlow's version. And Karlgaard quoted Tony Blankley's witty summary of this week's news:

“In the absence of any pressing news these days – other than Iran's nuclear weapons development crisis, the election of Hamas terrorists in Palestine, ongoing worldwide Muslim riots and killing in reaction to a cartoon, Al Gore's near sedition while speaking in Saudi Arabia, the turning over of our East Coast ports to be managed by a United Arab Emirates firm, the criminal leaking of vital NSA secrets to the New York Times, Mexican military incursions across our southern border, the Iraqi crisis, Congress's refusal to deal with the developing financial collapse of Social Security and Medicare, inter alia – the White House press corp has exploded in righteous fury over the question of the vice president's little shooting party last weekend.”