Why isn't story being told about economic boom?

President George Bush’s approval ratings are at record lows, and the mainstream media and his political enemies are in an uproar over the War in Iraq.
Make no mistake, I am in no way George Bush’s biggest fan, but the one story that is being completely ignored by the mainstream media is that the national economy is booming. For those of you who haven’t noticed, by every measure, the United States is experiencing a serious economic boom.
Last week, Federal Reserve Chairman Ben S. Bernanke said that relatively low long-term interest rates aren’t signaling an economic slowdown and increases in consumers’ mortgage debt may not be a serious problem.
Bernanke, in response to a question on housing and the economy, said consumer balance sheets appeared healthy, and the increase in mortgage debt "may not be a particularly serious problem" because families have replaced higher-rate consumer debt with home loans.
"Wealth has grown," Bernanke said. "Families have made a lot of progress in restructuring their liabilities." If house prices moderate, consumers could increase their saving, he said.
Bernanke said other indicators now showed "market participants do not harbor significant reservations about the economic outlook," adding that corporate risk spreads "would seem to be consistent with continuing solid economic growth."
So just how good is the overall economic outlook? Here’s another clue. Students graduating college today are facing the best job market since 2001.
According to a report by Challenger, Gray & Christmas, an employment consulting firm, U.S. college graduates are facing the best job market since 2001, with business, computer, engineering, education and health care grads in highest demand.
"We are approaching full employment and some employers are already dreaming up perks to attract the best talent," said John Challenger, chief executive of Challenger, Gray & Christmas.
In its annual outlook of entry-level jobs, the firm said strong job growth and falling unemployment makes this spring the hottest job market for America's 1.4 million college graduates since the dot-com collapse in 2001.
The firm pointed to a survey by the National Association of Colleges and Employers which showed employers plan to hire 14.5 percent more new college graduates than a year ago.
The survey also found higher starting salaries this year. Graduates with economic or finance degrees will see the biggest gain with starting salaries up 11 percent to $45,191, while accounting salaries are up 6.2 percent, business management salaries up 3.9 percent and pay for civil engineers 4.3 percent higher.
The U.S. unemployment rate rose to 4.8 percent in February from a 4-1/2-year low 4.7 percent in January, according to the U.S. Labor Department. (An overall unemployment rate of 4.8 percent is very low.) Employers added 243,000 new payroll jobs in the month.
All this is just to say that I wonder why isn’t this story being told by the national, mainstream media. Why isn’t it being shouted from the rooftops like complaints about the War in Iraq? Why aren’t we hearing and seeing stories about how we’ve never had it so good?
I hate the term "liberal media" as much as any red-blooded American reporter, but situations like this really make me wonder.