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Well, my thing is that though it may seem like good news to you, it doesn't amount to a whole heckuva lot because things are still getting worse. Crime, arguably a relevant economic indicator, is going up. In my area this is due to the "starve the beast" policies of our supply side minded governer. Police funding is such that the police don't even really patrol anymore. They just move from one call to the next. Libraries are closing down. The costs of a higher education are constantly increasing, also due to funding cuts indirectly related to supply side philosophy. Nationally wages aren't keeping up with inflation. Locally, the largest decreases in unemployment come from people deciding that they aren't going to seek employment anymore. I hear about the "good news" and it doesn't really seem all that significant to me.
I guess it also depends on what you mean by "working" when you say supply side economics is working. I think that in a very general sense our economy works, but that there are a great many people for whom it does very little. Their are plenty of things that our economy is horrible at and until we find a way to deal with these things i'll be hard-pressed to concede that the economic plan du jour, whatever it happens to be, is successful.
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