America's Mental Recession
Lots of to-and-fro about these comments from McCain campaign adviser Phil Gramm:
You've heard of mental depression; this is a mental recession.... We may have a recession; we haven't had one yet....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.
Is Gramm right? Well, let me say this: I think 1) the economy stinks; and 2) America has the best, most competitive economy in the world. But Gramm is certainly way off message, especially when McCain's most recent television commercial declares the economy "in shambles."
Tags: economy | recession | John McCain | Phil Gramm
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Reader Comments
Fool [provides the] proof
It didn't take long for Barack Obama to start whining and provide the proof for Gramm.
Of course, you could head over to Brad DeLong's Semi-Daily Journal, go through the archives and find similar whining at every stage of the Bush expansion from 2002-2007, too.
Or, at the NY Times archives of Paul Krugman's columns of the same period.
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