Thursday, July 10, 2008

McCain's Top Economic Adviser Describes "Mental Recession," Calls America "Nation Of Whiners"

Hmmmm. This really won't do much to allay John McCain's big disadvantage among voters who cite the economy as a leading concern.

Check out what Phil Gramm, the top economic adviser to McCain, had to say in a new interview:

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.

Out of touch much? McCain's top economic adviser thinks we are in a "mental recession" and thinks America is a "nation of whiners."

This is becoming a pattern. As Think Progress points out, McCain recently said that a lot of our problems are "psychological." And as we noted here the other day, when asked if we are in a recession, McCain could only bring himself to say that "I would imagine that we are."

Original here

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