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The Cheerleader in Chief must be sniffing fairy dust if he believes his own fanciful tale about the economy.

Buoyed by the first wave of economic stimulus checks to hit direct deposit and minuscule growth in the economy, President Bush late last week assured us the national economy is going to “come on.”

Sure can tell he doesn’t pump his own gas or buy his own groceries. Nor does he have to worry about how he will pay the bills when his job ends in January.

Yes, the stimulus checks are arriving. They are supposed to be used for big ticket purchases like cars...