On Wednesday October 18, 2006 the Dow Jones industrial average rose above 12,000 for the first time in its 110-year history. And if history is any indication, the stock market will continue to grow at a significantly faster rate than the population because businesses and workers are steadily becoming more productive due to the accelerating rate of our technological progress.
American innovation, a product of our ever-expanding diversity, has brought us prosperity, even through the toughest of times. Our technology has improved our overall quality of life, with advances in medical science that have increased our longevity while decreasing our infant mortality rate, and exponential progress in transportation and telecommunications that has made us smarter and more efficient and productive.
In the future, it will be our inventiveness and entrepreneurial spirit that will see us through to the 400 million milestone, and beyond — regardless of the foreboding exhortations of doomsayers, crepehangers, defeatists, and cynics who think pessimism is synonymous with realism.
So here's to 300-plus American souls, among whom could be the doctors who will discover the cures for cancer, diabetes, and AIDS; the engineers who will negate our need for fossil fuels, and the national leaders who will diplomatically and peacefully spread the American vision of freedom and prosperity throughout the world.