Even he has to concede the economic tidings are basically good. Money quote:
My purpose is not to denigrate the impressive estimated 7.2 percent growth rate for the third quarter of 2003. It is, rather, to stress the obvious: we’ve had our hopes dashed in the past, and it remains to be seen whether this is just another one-hit wonder.
Meeoooowwww!! Still, both the New York Times and the Washington Post do their best to bury and downplay the news.