COUNTING DOWN: 5, 4, 3, 2, ...

Just wondering how soon we'll see the first right-wing column or blog post titled "Phil Gramm Was Right" in which the existence of lines outside stores selling iPhones is offered as proof that our economy is hunky-dory, just the way Gramm said it is.

Because, of course, if anyone anywhere in America makes any purchase that isn't absolutely necessary for basic human survival, it's not an economic downturn.