via AP: “Obama’s top economic adviser: ‘free-fall’ ending”

I kid you not, gang…that was the actual headline on this Associated Press story, reporting on Obama henchman Larry Summers’ remarks at a meeting of the National Economic Club of Washington, where he commented on the supposed end of the long, long dive the economy’s taking right now.

Of course, Mr. Summers coyly sidestepped any mention of when or how or how suddenly this free fall would be ending which, of course, put me in mind of all those great old Road Runner cartoons where Wile E. Coyote finds himself taking yet another long fall from the top of a tall mesa and lands so hard that he leaves an impression of himself in the ground.

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