“The highly diverse and resilient American economy”

Larry Kudlow’s brief take on the American economy is here.

Even more briefly:

For the whole year, GDP advanced 3.4 percent following 3.2 percent last year, 3.4 percent in 2004, and 3.7 percent in 2003.

The highly diverse and resilient American economy has not been derailed by a temporary housing slump, which occurred last year following many years of outsized gains. Excluding the drag from housing investment, real GDP growth in the 4th quarter was 4.8 percent and was 4.3 percent for the year.

[T]he Goldilocks economy, not too hot and not too cold, continues to defeat all the pessimists and nay-sayers out there.

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