Recent news on the economic front is about as good as it gets:
Unemployment down to 4.7%.
211,000 new payroll jobs added in March.
Economic growth has now continued for 17 consecutive quarters.
Consumer confidence is at its highest level in 4 1/2 years.
Since January 2001, real after-tax income per person has risen 8.3 percent.
Construction spending is at a record high.