Dunking Santa faceplants on the rim at NBA game (VIDEO)

JONATHAN NACKSTRAND/AFP/Getty Images. Ho Wing-leong, a.k.a. Santa Rainbow, from Hong Kong competes in the karaoke event during the Santa Winter Games in Gallivare, in northern Sweden, on Nov. 17, 2012

MARKET SNAP: At 05:45 a.m. ET, S&P 500 futures down 0.4%. Treasurys little changed. Nymex crude up 54 cents at $89.156; gold up 0.04% at $1658.7. In Europe, FTSE 100, DAX and CAC 40 closed. In Asia, Nikkei 225 up 1.49% and Hang Seng up 0.16%.

Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that

MARKET SNAP: At 05:45 a.m. ET, S&P 500 futures down 0.4%. Treasurys little changed. Nymex crude up 54 cents at $89.156; gold up 0.04% at $1658.7. In Europe, FTSE 100, DAX and CAC 40 closed. In Asia, Nikkei 225 up 1.49% and Hang Seng up 0.16%.

Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that