Cowboy Capitalism

Larry Kudlow gives an excellent overview of the U.S. economy with thoughts on both fiscal and monetary policy. Also:

"Mr. Bush had a delightful put-down in his press appearance last week with Silvio Berlusconi. The Texan said foreign nations need only purchase more US goods to narrow the gap. This was his polite way of telling them to grow faster."

Indeed. Update: Larry Kudlow's optimistic column at NRO.