Topic: McCains economic advisor says its in your head!
mnhiker's photo
Thu 07/10/08 08:21 PM

In an interview with the Washington Times, McCain's top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.


Gramm, whose extensive ties to Enron proved problematic during the firm's implosion several years ago, was serving as a lobbyist for the international banking and subprime mortgage giant UBS until April. As Mother Jones documented, Gramm played a key role in the subprime meltdown during his time in the Senate.

Just yesterday, McCain himself said "I would imagine that we are" in a recession. But he and Gramm are still on the same page: in April McCain said "a lot of our problems today are psychological."

http://www.huffingtonpost.com/2008/07/10/mccain-adviser-americans_n_111857.html

Isnt that nice,
and here I thought it was real!




Fanta,

The only one whining is that jackass Phil Gramm.

McCain was right to condemn his commments.

After all, up there in his ivory tower, Phil Gramm does not feel your pain.

MirrorMirror's photo
Thu 07/10/08 08:22 PM

I'd love to give Mc Cain food stamps and see how far he can stretch them to the next month!:angry:
laugh laugh laugh laugh

Fanta46's photo
Thu 07/10/08 08:43 PM


In an interview with the Washington Times, McCain's top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.


Gramm, whose extensive ties to Enron proved problematic during the firm's implosion several years ago, was serving as a lobbyist for the international banking and subprime mortgage giant UBS until April. As Mother Jones documented, Gramm played a key role in the subprime meltdown during his time in the Senate.

Just yesterday, McCain himself said "I would imagine that we are" in a recession. But he and Gramm are still on the same page: in April McCain said "a lot of our problems today are psychological."

http://www.huffingtonpost.com/2008/07/10/mccain-adviser-americans_n_111857.html

Isnt that nice,
and here I thought it was real!




Fanta,

The only one whining is that jackass Phil Gramm.

McCain was right to condemn his commments.

After all, up there in his ivory tower, Phil Gramm does not feel your pain.


Read all my posts hiker!
McCain has said the same thing several times in the last few months.
Go to the first link I gave and read the whole story!
I just posted a paragraph or two!

mnhiker's photo
Thu 07/10/08 08:52 PM



In an interview with the Washington Times, McCain's top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.


Gramm, whose extensive ties to Enron proved problematic during the firm's implosion several years ago, was serving as a lobbyist for the international banking and subprime mortgage giant UBS until April. As Mother Jones documented, Gramm played a key role in the subprime meltdown during his time in the Senate.

Just yesterday, McCain himself said "I would imagine that we are" in a recession. But he and Gramm are still on the same page: in April McCain said "a lot of our problems today are psychological."

http://www.huffingtonpost.com/2008/07/10/mccain-adviser-americans_n_111857.html

Isnt that nice,
and here I thought it was real!




Fanta,

The only one whining is that jackass Phil Gramm.

McCain was right to condemn his commments.

After all, up there in his ivory tower, Phil Gramm does not feel your pain.


Read all my posts hiker!
McCain has said the same thing several times in the last few months.
Go to the first link I gave and read the whole story!
I just posted a paragraph or two!


Fanta,

Just read it.

I guess it is pretty similar.

Maybe not as critical, but similar.

MirrorMirror's photo
Thu 07/10/08 08:54 PM
Edited by MirrorMirror on Thu 07/10/08 08:55 PM
noway John McSame has said that he knows nothing about the economylaugh

laugh And apparently his economic advisor doesnt eitherlaugh

Fanta46's photo
Thu 07/10/08 09:10 PM
Fanta,

Just read it.

I guess it is pretty similar.

Maybe not as critical, but similar.


Similar to what?

Not as critical as what?

You're not making sense! Its pretty damning to me about McConfused and Gramm!
He didnt fire Gramm, and he said the same thing at least three times since April!
What else do you need?laugh laugh laugh

mnhiker's photo
Thu 07/10/08 09:17 PM

Fanta,

Just read it.

I guess it is pretty similar.

Maybe not as critical, but similar.


Similar to what?

Not as critical as what?

You're not making sense! Its pretty damning to me about McConfused and Gramm!
He didnt fire Gramm, and he said the same thing at least three times since April!
What else do you need?laugh laugh laugh


I guess people with money to burn don't really feel the effects of an economic downturn!

Therefore, they have no empathy!

Damn Republicans! grumble

Belushi's photo
Thu 07/10/08 09:48 PM
Maybe all politicians (regardless of nationality) should be paid the national average wage for that country.

In the UK that would be around £30k a year.

They are supposed to be public servants.
So, let them serve the public and not their bank managers

Fanta46's photo
Thu 07/10/08 10:04 PM

Maybe all politicians (regardless of nationality) should be paid the national average wage for that country.

In the UK that would be around £30k a year.

They are supposed to be public servants.
So, let them serve the public and not their bank managers



drinker drinker

Fanta46's photo
Thu 07/10/08 10:05 PM
Its all Psychological you know!!noway noway

Winx's photo
Thu 07/10/08 10:35 PM

Its all Psychological you know!!noway noway


The receipts that I have that show an increase in food costs and gas costs and utility costs were starting to concern me.

I sure can breathe easier knowing it is only psychological.noway

What a fool he is.:angry:

MirrorMirror's photo
Thu 07/10/08 10:42 PM
laugh It sounds like idiot Gramms problems are psychologicallaugh

no photo
Fri 07/11/08 04:22 AM
If everyone is so strapped for cash, how exactly is it that Obama has been getting record amounts of cash from the American public? That ontop with how much Mccain, Clinton, and others have received. Something seems odd that records would donate and such, though supposedly everyone can barely survive each week.

no photo
Fri 07/11/08 04:43 AM

I honestly think you would have to be a blind man to not be able to see that we are in a recession. I mean seriously, how high does everything have to get before everyone gets it?noway


Technically, we are not in a recession, from a pure economics point of view. Things are rough, that is obvious, but we are not in a recession.

There needs to be two months of consecutive decline in GDP for their to be an economic recession. The US economy grew by 1% in the first quarter of this year. So, technically, we are not in a recession.

Winx's photo
Fri 07/11/08 08:52 AM
Edited by Winx on Fri 07/11/08 09:31 AM

If everyone is so strapped for cash, how exactly is it that Obama has been getting record amounts of cash from the American public? That ontop with how much Mccain, Clinton, and others have received. Something seems odd that records would donate and such, though supposedly everyone can barely survive each week.


It didn't occur to you that the average Joe is not the one donating money to the campaigns? Maybe it is the well off?

Many Americans are living paycheck to paycheck.

Obviously you are not a single parent with house payments.


MsCarmen's photo
Fri 07/11/08 09:20 AM


If everyone is so strapped for cash, how exactly is it that Obama has been getting record amounts of cash from the American public? That ontop with how much Mccain, Clinton, and others have received. Something seems odd that records would donate and such, though supposedly everyone can barely survive each week.


It didn't occur to you that the average Joe is not the one donating money to the campaigns? Maybe it is the well off?
Many Americans are living paycheck to paycheck.

Obviously you are not a single parent with house payments.


I agree. I haven't donated to any politicians and it's not because I don't support them, it's just because there is no extra money to do that sort of thing. I one of the people living paycheck to paycheck.

beachbum069's photo
Fri 07/11/08 09:38 AM
I'm confused. I personally don't like either canidate, but I just read both website economy information. Did I miss something or are both of them living in a dream world ? I completely read both websites and somehow McCain is going to create 2 million jobs thru econimic stimulus and Obama is going to create 5 million with the same. Where in the US do we have that many unemployed people ? Are we going to bring in more Mexicans?

Fanta46's photo
Fri 07/11/08 09:42 AM
It's all Mental!

Phil Gramm, creator of the ENRON scandal has a crooked mental fixation. and McConfused, well he's just Confused.
Alzheimer's maybe?

grumble

no photo
Fri 07/11/08 09:45 AM


If everyone is so strapped for cash, how exactly is it that Obama has been getting record amounts of cash from the American public? That ontop with how much Mccain, Clinton, and others have received. Something seems odd that records would donate and such, though supposedly everyone can barely survive each week.


It didn't occur to you that the average Joe is not the one donating money to the campaigns? Maybe it is the well off?

Many Americans are living paycheck to paycheck.

Obviously you are not a single parent with house payments.


If an individual is only allowed to donate $2300..... yeah, that idea of yours just doesn't add up. Even if these 'well off' people donate $2300 for the primary and $2300 for the general, the top that it is allowed, it still does not add up.

Winx's photo
Fri 07/11/08 10:11 AM



If everyone is so strapped for cash, how exactly is it that Obama has been getting record amounts of cash from the American public? That ontop with how much Mccain, Clinton, and others have received. Something seems odd that records would donate and such, though supposedly everyone can barely survive each week.


It didn't occur to you that the average Joe is not the one donating money to the campaigns? Maybe it is the well off?

Many Americans are living paycheck to paycheck.

Obviously you are not a single parent with house payments.


If an individual is only allowed to donate $2300..... yeah, that idea of yours just doesn't add up. Even if these 'well off' people donate $2300 for the primary and $2300 for the general, the top that it is allowed, it still does not add up.


Like I said, "Average Joe does not have that kind of money to give to a political campaign."

It does add up.