Is Jesus Reigning?

I've been debating futurists a lot on various message boards and the major area of disagreement I have with them is whether or not Christ is now reigning. Many futurists are SO focused on the future victory of God, that they've seemingly missed His victory on the cross. Here is a quote from one futurist:

"The world is much much too evil now
for Jesus to be reigning"

Here is my response:

The problem people seem to be having with the idea that Jesus is reigning NOW is the same problem the Jews had with Jesus. They were looking for a physical/political kingdom, but Jesus was speaking of a spiritual kingdom. That kingdom exists now because Jesus is King and Christians are His people.

There are many verses showing that Satan was defeated by the cross. For instance:

Hebrews 2:14-15
Since the children have flesh and blood, he too shared in their humanity so that by his death he might destroy him who holds the power of death - that is, the devil - and free those who all their lives were held in slavery by their fear of death.

Another poster said:

"I'm having a real hard time believing sat*n isn't in this world now as we speak"

And my response:

You don't believe Satan is actually in a physical pit somewhere do you? His exile is not one of 'location', but of 'power'. He has no power over those in the Kingdom of God. Anyone who fails to enter that kingdom still lives under his power.