# We are a nation of whiners

1. Jul 10, 2008

### Ivan Seeking

Staff Emeritus

He says that ~ "the recession is mental".

True, the technical requirement for a recesssion is not met, but people have attitudes about the economy based on their own personal budgets and problems. Is he saying that many Americans are not hurting? It sounds that way. So I see this going a long way towards affirming to voters that McCain is out of touch, as are his friends and advisors. Being as how McCain is not strong on economics, having an advisor who even appears to be unsympathetic to people's problems, will help to add bricks to the quickly growing wall.

Gramm now is trying to say that he meant politicians and not the voters, and since no one will believe that, he appears to be not only unsympathetic, but also a liar - a good ole boy.

Hopefully McCain will keep him on-staff.

Last edited: Jul 11, 2008
2. Jul 10, 2008

### Gokul43201

Staff Emeritus
They didn't even spell his name right! :yuck:

Gramm is the chief architect of the current state of deregulation, that title being earned through his brilliant introduction of a mostly ununderstood section into the Commodity Futures Modernization Act (2000).

3. Jul 10, 2008

### Ivan Seeking

Staff Emeritus
I cringe at the glowing talk of exports.

And that is just paper. Selling recyclable materials to China is generally big business.

I hardly see the references to exports as being representive of the state of US manufacturing, or our competitiveness abroad. In fact, being that much of the exports are garbage, it is really just a measure of the trade deficit - a natural consequence of imports.

4. Jul 10, 2008