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The Bush Boomlet

The economy just had a great quarter. Does that really mean it's booming?

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The Bush boom may or may not be a reality. I'd settle for several quarters of consistent growth, with job creation and GDP expansion at rates remotely close to those of the '90s. But that doesn't make for a particularly sexy book title, or for a compelling re-election slogan.

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Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at moneybox@slate.com and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback.