2008 Maverick Moment of the Day
posted by July 10 at 9:35 AM
onRecession? Pshaw!
So says Phil Gramm, former U.S. Senator and current co-chairman of the McCain campaign:
“You’ve heard of mental depression; this is a mental recession,” he said… “We have sort of become a nation of whiners… You just hear this constant whining, complaining about a loss of competitiveness, America in decline… We’ve never been more dominant; we’ve never had more natural advantages than we have today.”
Got that? This faltering economy stuff is all in your head. Please continue to consume and spend as usual.
Comments
i see an all-too-obvious oliphant cartoon here. insert head into sand, stick ass into air. "now do the hocus-pocus and make yourself a clown. that's what it's all about."
Are they going to bring back "Whip Inflation Now" buttons too?
I knew it! That's why I spent a bundle at the Nordstrom pre-sale, as therapy for my mental recession.
What is this spending of which you speak.
Like most Americans, who have cut their gasoline consumption 2.6 percent this past month, I can't afford to spend.
thank you. finally.
surprised no one talks much about this little hissyfit, either:
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at this week's denver town hall meeting, McCain takes credit for passing the new GI bill while attacking it's actual author and vietnam vet, jim webb, as "not doing enough."
McCain then lies as he touts his senate voting record as "perfect" with regards to veterans issues.
A vietnam vet in the audience begs to differ.
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I'll be sure to write this on the memo line of my next rent check.
"I'm sorry, but that increased rent is all in your head..."
We've never been more dominant? Umm, this is the weakest the US has been in global economic and political power since 1940.
As for the current state of the economy? The IMF says the US is in recession, that the global economy is now experiencing "the largest financial shock since the Great Depression", and that there's a 1 in 4 chance the recession will go global. Any presidential candidate who can't even admit this reality is unfit to govern.
I'm sure red state voters who are staring down foreclosure and have seen their real wages decline will agree with that sentiment.
When asked to clarify, McCain said "Let them eat cake"
Perhaps the issue isn't what's in "our" heads, but what's in "your" (the media's) heads.
Agenda setting by media outlets does seem to play a role in the way that economic data is perceived, as indicated by the research cited here...
http://freakonomics.blogs.nytimes.com/2007/09/27/do-newspapers-use-economic-news-to-sway-public-opinion/
"Mental recession" = Depression!
Let's face it, there's no recession if you're part of the 0.1 percent of America with real wage growth.
But for the other 99.9 percent of US, it's clobbering time!
It's the old "insult the voters to get their votes" trick.
@ #12. Exactly, because another wage-price spiral is just what we need. 1970's style inflation here we come! Then we'll have a legitimate reason to bitch about prices.
Weird Phil Gramm fact: I've been in his house. Saw some bands play in his living room, with the reproduction Revolutionary War muskets on the wall over the fireplace and everything.
Fnarf @ 2: exactly what I thought when I read it!
Fnarf @ 15: did you poke around? Did you find his shell? Phil Gramm's a turtle, right?
McCain actually did respond with some sympathetic talk about unemployed folks in Michigan, and all I could think of was his primary zinger, about how those automaking jobs aren't coming back! A hilariously blunt, true, and ill-advised thing to say. So he tried to toss a bone their way today.
You konw... McCain's a turtle, too. And he's been advised by Gramm. And Cheney might be one... something's up... and all this time I was worried about Freemasons...
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