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* The stock market rose above 11,000 for the first time since September 11. It was just the latest indication of a strong economy. We have now had ten quarters with strong growth (above 3 percent annualized). The unemployment rate, at 4.9 percent, is below the average of recent decades and falling. Carpers--given the fact that Republicans control the White House, they're Democrats--point to the weak performance of real average hourly earnings in 2005. But it's not a great reason for gloom. In the first place, this wage figure did pretty well during the last recession. It is up 1 percent from the cyclical peak in 2001. At the same point in the last business cycle, hourly ...