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1

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."

Posted by ellarosa | July 10, 2008 9:41 AM
2

Are they going to bring back "Whip Inflation Now" buttons too?

Posted by Fnarf | July 10, 2008 9:47 AM
3

I knew it! That's why I spent a bundle at the Nordstrom pre-sale, as therapy for my mental recession.

Posted by PopTart | July 10, 2008 9:47 AM
4

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.

Posted by Will in Seattle | July 10, 2008 9:51 AM
5

thank you. finally.

surprised no one talks much about this little hissyfit, either:

_____
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.
_____


Posted by chops | July 10, 2008 9:59 AM
6

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..."

Posted by Chris B | July 10, 2008 10:02 AM
7

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.

Posted by Trevor | July 10, 2008 10:12 AM
8

I'm sure red state voters who are staring down foreclosure and have seen their real wages decline will agree with that sentiment.

Posted by keshmeshi | July 10, 2008 10:17 AM
9

When asked to clarify, McCain said "Let them eat cake"

Posted by Yardlie | July 10, 2008 10:25 AM
10

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/

Posted by anonymonday | July 10, 2008 10:27 AM
11

"Mental recession" = Depression!

Posted by E | July 10, 2008 10:43 AM
12

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!

Posted by Will in Seattle | July 10, 2008 11:40 AM
13

It's the old "insult the voters to get their votes" trick.

Posted by Mike of Renton | July 10, 2008 12:10 PM
14

@ #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.

Posted by anonymonday | July 10, 2008 1:15 PM
15

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.

Posted by Fnarf | July 10, 2008 1:17 PM
16

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...

Posted by CP | July 10, 2008 7:00 PM

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