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Economic News, Data and Analysis

McCain Advisor: Stop whining about the economy

The phrase “out-of-touch” comes to mind…

Washington Times – McCain adviser talks of ‘mental recession’

“You’ve heard of mental depression; this is a mental recession,” he [Phil Gramm] 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.

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