Stuck On Stupid

• Reason #1. The economy is kicking butt. It is robust, vibrant, strong and growing. In the 36 months since the Bush tax cuts ended the recession that began under President Clinton, the economy has experienced astonishing growth. Over the first half of this year, our economy grew at a strong 4.1 percent annual rate, faster than any other major industrialized nation. This strong economic activity has generated historic revenue growth that has shrunk the deficit. A continued commitment to spending restraint has also contributed to deficit reduction.

• Reason #2. Unemployment is almost nil for a major economy, and is verging on full employment. Recently, jobless claims fell to the lowest level in 10 weeks. Employment increased in 48 states over the past 12 months ending in August. Our economy has now added jobs for 37 straight months.

• Reason #3. The Dow is hitting record highs. In the past few days, the Dow climbed above 12,000 for the first time in the history of the stock market, thus increasing the value of countless pension and 401(k) that funds many Americans rely on for their retirement years.

• Reason #4. Wages have risen dramatically. According to the Washington Post, demand for labor helped drive workers’ average hourly wages, not including those of most managers, up to $16.84 last month — a 4 percent increase from September 2005, the fastest wage growth in more than five years. Nominal wage growth has been 4.1 percent so far this year. This is better or comparable to its 1990s peaks. Over the first half of 2006, employee compensation per hour grew at a 6.3 percent annual rate adjusted for inflation. Real after-tax income has risen a whopping 15 percent since January 2001. Real after-tax income per person has risen by 9 percent since January 2001.

• Reason #5. Gas prices have plunged. According to the Associated Press, the price of gasoline has fallen to its lowest level in more than 10 months. The federal Energy Information Administration said Monday that U.S. motorists paid $2.21 a gallon on average for regular grade last week, a decrease of 1.8 cents from the previous week. Pump prices are now 40 cents lower than a year ago and have plummeted by more than 80 cents a gallon since the start of August. The previous 2006 low for gasoline was set in the first week of January, when pump prices averaged $2.238. In the week ending Dec. 5, 2005, prices averaged $2.19. Today, gasoline can be found for less than $2 a gallon in many parts of the country.

• Reason #6. Since 9/11, no terrorist attacks have occurred on U.S. soil. Since 9/11 the U.S. has not been attacked by terrorists thanks to such programs as the administration’s monitoring of communications between al-Qaida operatives overseas and their agents in the U.S. and the monitoring of the international movement of terrorist funds — both measure bitterly opposed by Democrats.

• Reason #7. Productivity is surging and has grown by a strong 2.5 percent over the past four quarters, well ahead of the average productivity growth in the last 30 years. Strong productivity growth helps lead to the growth of the Gross Domestic Product, higher real wages, and stronger corporate profits.

• Reason #8. The Prescription Drug Program is working. Despite dire predictions that most seniors would refrain from signing up to the new Medicare prescription benefits program, fully 75 percent of all those on Medicare have enrolled, and the overwhelming majority say they are happy with the program.

• Reason #9. Bush has kept his promise of naming conservative judges. He has named two conservative justices to the Supreme Court, Chief Justice John G. Roberts and Justice Samuel Alito. In addition, he has named conservative justices who are devoted to the Constitution as it is written and not as activist liberal judges think it means. The strong likelihood that one or more justices will retire from the Supreme Court makes it mandatory for the Republicans to hold the Senate and have a chance to name new conservative justices.

• Reason #10. The deficit has been cut in half three years ahead of the president’s 2009 goal, with the 2006 fiscal year budget deficit down to $248 billion. The tax cuts have stimulated the economy and are working.