Somewhere, in a parallel universe, everything is hunky-dory. How do I know this? I know this because Donald Luskin of National Review Online apparently lives in that parallel universe. Here he is writing about Paul Krugman's forthcoming book:

Think, for a moment, about how good things have been lately, and how hard a catastrophist like Krugman has to work to make them seem bad. The U.S.-led invasion of Iraq was a brilliant victory (Krugman: " ... it did the terrorists a favor ... "). President Bush signs into law today an historic pro-growth tax bill, enacted thanks to the support of cross-over Democrats (Krugman: " ... the administration ... actually wants a fiscal crisis ... "). Even the crisis in corporate malfeasance seems to have been overcome (Krugman: " ... they can get away with even more self-dealing than before ... ").

No recession! No corporate crooks! And everyone in the Middle East loves us! What a cool universe! Wish I lived there....