McCain rejects comments from economic adviser

[LogansPapa]

By Jeff Mason / Reuters
Thursday, July 10, 2008; 4:01 PM

BELLEVILLE, Michigan (Reuters) - Republican presidential candidate John McCain on Thursday sharply rejected a top economic adviser's description of the United States as "a nation of whiners" who are in a mental recession.

Democratic White House rival Barack Obama pounced on the remarks and said they proved McCain was out of touch on the economy, a critical issue in November's presidential election.

McCain moved quickly to limit the political damage caused by the comments of adviser Phil Gramm, a former Texas senator who questioned the extent of the U.S. economic downturn in an interview with the Washington Times.

"Phil Gramm does not speak for me. I speak for me. So, I strongly disagree," McCain said. "America's in great difficulty and we are experiencing enormous economic challenges."

http://www.washingtonpost.com/wp-dyn...071001927.html

[LogansPapa]

Here is a little song I wrote
You might want to sing it note for note
Don't worry be happy
In every life we have some trouble
When you worry you make it double
Don't worry, be happy......

Ain't got no place to lay your head
Somebody came and took your bed
Don't worry, be happy
The land lord say your rent is late
He may have to litigate
Don't worry, be happy
Lood at me I am happy
Don't worry, be happy
Here I give you my phone number
When you worry call me
I make you happy
Don't worry, be happy
Ain't got no cash, ain't got no style
Ain't got not girl to make you smile
But don't worry be happy
Cause when you worry
Your face will frown
And that will bring everybody down
So don't worry, be happy (now).....

There is this little song I wrote
I hope you learn it note for note
Like good little children
Don't worry, be happy
Listen to what I say
In your life expect some trouble
But when you worry
You make it double
Don't worry, be happy......
Don't worry don't do it, be happy
Put a smile on your face
Don't bring everybody down like this
Don't worry, it will soon past
Whatever it is
Don't worry, be happy





Now the economy's all better. :):):)

[lacarnut]

By Jeff Mason / Reuters
Thursday, July 10, 2008; 4:01 PM

BELLEVILLE, Michigan (Reuters) - Republican presidential candidate John McCain on Thursday sharply rejected a top economic adviser's description of the United States as "a nation of whiners" who are in a mental recession.

Democratic White House rival Barack Obama pounced on the remarks and said they proved McCain was out of touch on the economy, a critical issue in November's presidential election.

McCain moved quickly to limit the political damage caused by the comments of adviser Phil Gramm, a former Texas senator who questioned the extent of the U.S. economic downturn in an interview with the Washington Times.

"Phil Gramm does not speak for me. I speak for me. So, I strongly disagree," McCain said. "America's in great difficulty and we are experiencing enormous economic challenges."

http://www.washingtonpost.com/wp-dyn...071001927.html

I agree with Phil Gramm that Americans are a nation of whiners; many Americans have never experienced a bad recession and very few have seen a depression.

Our houses are much bigger than in the 50's, 60's and 70's, many Americans did not own 1 car much less 2 or 3 like many families today; Americans saved to buy that refrig. or stove and were not asshole to appetite in debt like these fools today. Americans want to own a house and a new car by the time they are in their mid twenty's rather than save enough for a down payment.

Bitch, bitch. That's what American whiny babies are good at instead of appreciating what they have and living the greatest country in the world. The poorest of the poor in this country have more than probably 90% of what citizens in other countries have.

When Phil G. tells it like it is that Americans are in a mental recession, both presidential candidates have to play political football with the issue. If Obama is elected, all this doom and gloom b.s. will fade away and everything will be peaches and cream. Same shit, same broken record after Bubba took office in his first term.

[linda22003]

You're right, lacarnut - but it's not good politics. :D

[Constitutionally Speaking]

I agree with Phil Gramm that Americans are a nation of whiners; many Americans have never experienced a bad recession and very few have seen a depression.

Our houses are much bigger than in the 50's, 60's and 70's, many Americans did not own 1 car much less 2 or 3 like many families today; Americans saved to buy that refrig. or stove and were not asshole to appetite in debt like these fools today. Americans want to own a house and a new car by the time they are in their mid twenty's rather than save enough for a down payment.

Bitch, bitch. That's what American whiny babies are good at instead of appreciating what they have and living the greatest country in the world. The poorest of the poor in this country have more than probably 90% of what citizens in other countries have.

When Phil G. tells it like it is that Americans are in a mental recession, both presidential candidates have to play political football with the issue. If Obama is elected, all this doom and gloom b.s. will fade away and everything will be peaches and cream. Same shit, same broken record after Bubba took office in his first term.

Phil Graham is absolutely correct. WE ARE NOT IN A RECESSION.

Wages are higher than at any point during the Clinton Administration. More people have jobs than at any point in our history prior to the current Administration, economic growth continues, inflation is fine - there is absolutely ZERO reason for us to panic yet the media in their partisan drive to elect Democrats spin absolutely everything in the worst possible manner.

[Constitutionally Speaking]

Let's see Phil Graham who is an economist, or Barack Obama who isn't qualified to run the corner 7-11???? Who to believe???

[lacarnut]

Don't worry, be happy





. :):):)

If I owned an original Cobra (not a kit car or a knock off), I would be damn happy. I would not drive the sucker 30mph to work or bitch about the price of av. gas either. Yes, Mr Gramm has got his shit together. Liberals are in a mental recession. Is that you?

Come on post that horrible 5.5% unemployment figures again.

[SodiumMonkey]

Phil Graham is absolutely correct. WE ARE NOT IN A RECESSION.

Wages are higher than at any point during the Clinton Administration. More people have jobs than at any point in our history prior to the current Administration, economic growth continues, inflation is fine - there is absolutely ZERO reason for us to panic yet the media in their partisan drive to elect Democrats spin absolutely everything in the worst possible manner.

This man speaks the truth for the most part. I cannot necessarily say that we are not headed for a recession, but it is certainly being blown way out of proportion by the liberal media; however, the idiots that buy into all of the hullabaloo are an equally large part of the problem. We the people control the markets and we're effectively running them into the ground. This is not to say that high gas prices aren't having an adverse effect as well as some other issues, but these issues are all being grossly magnified by idiocy.

Now as for mental recession versus actual economic recession... I'm certain that we are in a mental recession, but whether or not we are on the verge of an actual economic recession is yet to be seen imo. I'm sure most of you all are familiar with the business cycle and market equilibrium theory. Have a look at the late 90s. We can't sustain that kind of market. What we're going through now is just the equalizing of that period imo.

[vetwife]

Hmmmm. so if you make 7.00 an hour and pay 4 for gas and 4 for milk, what do you call it, an economic boom?

[Constitutionally Speaking]

This man speaks the truth for the most part. I cannot necessarily say that we are not headed for a recession, but it is certainly being blown way out of proportion by the liberal media; however, the idiots that buy into all of the hullabaloo are an equally large part of the problem. We the people control the markets and we're effectively running them into the ground. This is not to say that high gas prices aren't having an adverse effect as well as some other issues, but these issues are all being grossly magnified by idiocy.

Now as for mental recession versus actual economic recession... I'm certain that we are in a mental recession, but whether or not we are on the verge of an actual economic recession is yet to be seen imo. I'm sure most of you all are familiar with the business cycle and market equilibrium theory. Have a look at the late 90s. We can't sustain that kind of market. What we're going through now is just the equalizing of that period imo.

The problem is that the Democrats and the Media are undermining one of the key factors that can impact our economy and that is consumer confidence. The media and the Dems are playing up every bit of possible bad news and even making some of it up. Meanwhile every positive development is spun in the worst possible way.

They are literally talking us into a recession.