As Kash aptly demonstrates, George Will's latest sippy-cup full of economic happy talk isn't fit for polite discussion. One quick thing on oil prices, though: It's good that they're down. But it's not reassuring. The concern with crude is partially its extreme volatility. For only partially explicable reasons, it shot up to absurd heights over the past year. For even less explicable reasons, it's calmed again. And tomorrow? Who knows. This is not a safe resource to be relying on, and it's bad for the American middle class when such a foundational expense can so rapidly and unexpectedly devour their monthly budget.
