From new freedom will spring new opportunities for growth, a more productive, fulfilled and united people, and a stronger America--an America that will lead the technological revolution, and also open its mind and heart and soul to the treasures of literature, music, and poetry, and the values of faith, courage, and love.
At the heart of our efforts is one idea vindicated by 25 straight months of economic growth: Freedom and incentives unleash the drive and entrepreneurial genius that are the core of human progress. We have begun to increase the rewards for work, savings, and investment; reduce the increase in the cost and size of government and its interference in people's lives.
President Ronald Reagan, January 21, 1985
Second Inaugural Address
The dramatic vision outlined so eloquently by President Reagan almost twenty three years ago has manifested itself bountifully in contemporary American life. Reagan’s policies that were maligned by Uncle Teddy Kennedy, Walter Mondale, and other liberal icons, have wrought an unprecedented period of sustained economic growth. Yet another economic renaissance has been underway since 2003. Even in the face of the most vicious and fatal attack in American history and a raging war on Islamic-fascists, the American economy flourishes and is the envy of the world. In fact the success of the American economy is likely causing the rise of terrorists if you follow the logic of Jack Murtha, and there is no doubt that radical Islamists despise American capitalism.
When it comes to the American economy, the liberals find themselves on the same side as the terrorists. In fact, these liberal democrats appear to have the same level of discontent with our American, capitalist way of life.
The present pace of the United States economy and the current level of economic growth are not satisfactory to the liberals and their leaders. Economic conditions that are repetitively demanded by socialist, liberal democrats have never been more elusive. It seems that these leftists can not be appeased on the economy.
In a dinner conversation the other night, some liberal friends expressed sincere doubt regarding the state of today’s economy. Historical perspective seemed to have no meaning. The unprecedented growth, level of employment, and other significant economic signals have no relevance when a discussion turns to bashing Wal-Mart or other broad unsubstantiated claims of economic despair throughout the United States.
A snapshot of current economic news should include the following.
• The economy is averaging 4% growth for this year.
• Excluding transportation, new orders for durable goods are up 9.6% at an annual rate in the first five months of 2006 while unfilled orders are up 12.8%.
• U.S. sales of domestically produced cars and trucks rose to 13 million in July, 4.5% above the second-quarter average. This provides a strong start to the third quarter's GDP
• The Institute for Supply Management manufacturing index rose to 54.7 in July, which the ISM estimates is associated with a 4.4% real GDP growth rate.
• Pending sales of existing homes rose 0.4% in July, going against expectations of a decline.
• Federal tax receipts rose approximately 13% year over year in July. For fiscal year 2007 the deficit looks like it might fall to $200 billion due to burgeoning tax receipts.
• The current unemployment rate 4.6% is very low, and is a figure that represents full employment as it is understood and theorized by many economists. 1.7 million new jobs have been created over the past year;
- Employment has increased in 48 of the 50 states;
- Manufacturing output is at an all-time high and production employment in manufacturing has increased by 117,000 over the past year -- the largest annual increase in over 8 years;
- The economy has grown at 3.5% over the past year, while productivity has grown at 2.4%
- Real per capita disposable income has risen 9.2% since 2001
- Real compensation has risen 1.7%.
Even in the midst of all of these strong economic indicators, the Marxist socialists (the modern left wing of the democrat party) are never satisfied. Like some of my dinner guests, they decry our system by saying that Americans are forced to live below the poverty line, and that the minimum wage needs to be raised. These hysterics use snapshots of evolving data to claim that millions of Americans live without health insurance, or that most Americans can not afford a trip to the Emergency room.
At The American Spectator, Lisa Fabrizio makes a compelling indictment of these modern day socialist democrats.
Democrats often portray themselves as a beacon to the poor and especially protectors of the sacred American middle class. They are prone at almost any time to break into song over the way Republicans "cater to the rich" by cutting taxes and "balance the budget on the backs of the poor."
The ultra-liberal wing of the Democratic Party, which has now become its dominant voice, is essentially made up of socialists, or those who endorse one of their main tenets: state-controlled distribution of wealth. They might couch these ideas in wholly American terms like workers' rights, or claim that it's really only "for the children," but make no mistake about it; they endorse the mantra of Papa Karl Marx.
Fabrizio addresses one of the leading tenants of the democrats fall campaign: their anti Wal-Mart crusade that makes little sense to average common sense Americans.
And the sad part of this tale is that liberal hatred of companies like Wal-Mart keeps them from opening stores in inner city neighborhoods which would be most likely to benefit from their presence. Those of us who grew up in the days when most teenagers had part-time jobs know that working in a retail store is usually only a stepping-off point, yet more than three quarters of Wal-Mart managers joined the company as hourly employees.
Add to these job opportunities for under-educated or retired people, the lower prices which are said to free up $2,300 per average household per year -- possibly for investment or education -- and you can see why liberals quail at the mere mention of the W-word. It's hard to sustain an atmosphere of class warfare when one of the sides is in danger of disappearing.
Contrary to the way liberals treat them, more and more minority Americans refuse to be used as fodder in that war. They want and desire their share of the American dream, and if a job at Wal-Mart or the savings gained by shopping there will enable them to attain it, they will not be denied.
From all indications, liberals will continue to encourage their minority base to remain uneducated, abort their children, deny their religion and wallow in poverty. The more they do, the quicker those good people will assume their rightful place in American society -- a classless one.
I have one wish for the fall campaign: The liberal democrats will run as the socialist/Marxist/party of Europe that they have become.