Undeniably, a powerful tide is running for the Democratic Party, with one week left to Election Day.

Bush's approval rating is 27 percent, just above Richard Nixon's Watergate nadir and almost down to Carter-Truman lows. After each of those presidents reached their floors -- in 1952, 1974, 1980 -- the opposition party captured the White House.

Moreover, 80 percent to 90 percent of Americans think the nation is on the wrong course, and since mid-September, when McCain was still slightly ahead, the Dow has lost 4,000 points -- $5 trillion to $6 trillion in value.

Leading now by eight points in an average of national polls, Barack Obama has other advantages.

Not a single blue state is regarded as imperiled or even a toss-up, while Obama leads in six crucial red states: Florida, North Carolina, Virginia, Ohio, Missouri and Colorado. Should McCain lose one of the six, he would have to win Pennsylvania to compensate for the lost electoral votes. But the latest Pennsylvania polls show Barack with a double-digit lead.

Lately moving into the toss-up category are Nevada, North Dakota, Montana and Indiana. All voted twice for George W. Bush.

Not only is Obama ahead in the state and national polls, he has more money, is running far more ads, has a superior organization on the ground, attracts larger crowds, and has greater enthusiasm and more media in camp. And new voter registrations heavily favor the Democrats.

Though Congress is regarded by Americans with a disdain bordering on disgust -- five of six Americans think it has done a poor job -- Democratic majorities are certain to grow. Indeed, with Democrats favored by 10 points over Republicans, Nancy Pelosi's majority could grow by 25 seats and Harry Reid could find himself with a filibuster-proof majority of 60 senators.

Democrats already have 49, plus two independents: Socialist Bernie Sanders and Independent Joe Lieberman. Their challengers are now ahead in New Hampshire, Virginia, North Carolina, New Mexico, Minnesota, Oregon and Colorado, with a chance of picking up Georgia, Alaska, Kentucky and Mississippi.

We may be looking at a reverse of 1980, when Reagan won a 10-point victory over Jimmy Carter, and Republicans took the Senate and, working with Boll Weevil Democrats, effective control of the House.

With his tax cuts, defense buildup and rollback policy against the "Evil Empire," Reagan gave us some of the best years of our lives, culminating in America's epochal victory in the Cold War.

What does the triumvirate of Obama-Pelosi-Reid offer?

Rep. Barney Frank is calling for new tax hikes on the most successful and a 25 percent across-the-board slash in national defense. Sen. John Kerry is talking up new and massive federal spending, a la FDR's New Deal. Specifically, we can almost surely expect:

-- Swift amnesty for 12 million to 20 million illegal aliens and a drive to make them citizens and register them, as in the Bill Clinton years. This will mean that Nevada, Colorado, New Mexico and Arizona will soon move out of reach for GOP presidential candidates, as has California.

-- Border security will go on the backburner, and America will have a virtual open border with a Mexico of 110 million.

-- Taxes will be raised on the top 5 percent of wage-earners, who now carry 60 percent of the U.S. income tax burden, and tens of millions of checks will be sent out to the 40 percent of wage-earners who pay no federal income tax. Like the man said, redistribute the wealth, spread it around. Continued...