Larry Kudlow: "Steep stock market corrections often create shrouds of pessimism that do bad things to people's brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. I've been around for a while, and I've seldom heard such gibberish. ... As a percentage of energy consumption, U.S. energy production has increased from 69 percent in 2005 to 85 percent currently. We're almost self-sufficient right now. So a related knock-on effect is the significant reduction in energy imports, which is lowering our trade gap, strengthening King Dollar and increasing our economic growth. ... Falling energy prices are so good for the economy that a new Republican Congress, in its first 90 days, should put a bill on President Barack Obama's desk authorizing the Keystone XL pipeline, opening federal lands to energy development and ending oil export restrictions. Totally pro-growth. Let the GOP dare the president to veto it."