Economic Illiteracy

Whee:

Tim Russert asks the hard questions:

MR. RUSSERT: Mr. Secretary, if, if demand is up but supply is down, why are the profits so high?

MR. BODMAN: For that reason.

Supply and demand graphing must not have been on the curriculum at journalism school. Or, er, high school macroeconomics.

(H/t: The Commissar.)