Roger L. Simon

Gramm Nation: Is there a recession on a slow news day?

The brouhaha of the moment revolves around Phil Gramm’s accusation that American leaders are a bunch of “whiners” and that there really isn’t a recession. If by “recession” he means negative growth, he’s technically correct at this moment.  And as for the former, who could dispute him?

So what’s the brouhaha about?  Slow news day apparently.  People tire quickly of Jesse Jax (not Phil Jax).  Of course there’s this: The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an “unlimited” increase in the case of a military conflict involving Iran, because the group’s members would be unable to make up the lost production.

“Unlimited,” eh?  Good thing I bought that Prius.

Apropos: Is there anyone out there who still doesn’t think we better start drilling – and fast!