McCain is weak on the economy. He knows this, so he’s got to compensate with a crack advisory team. Phil Gramm leads the pack:
In an interview with the Washington Times, McCain’s top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:
“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.
Gramm, whose extensive ties to Enron proved problematic during the firm’s implosion several years ago, was serving as a lobbyist for the international banking and subprime mortgage giant UBS until April. As Mother Jones documented, Gramm played a key role in the subprime meltdown during his time in the Senate.
He’s got ties to Enron, the subprime meltdown, and he’s a lobbyist. I can see why McCain likes him. But the best part of all is that I can suddenly see an explanation for McCain’s insistence that the war in Iraq was going swimmingly when he took his infamous walk.
Its all in our heads.
All of it! The election, the recession, the war. Upstrairs. Nogginland.
We are dreamers adrift in a world that knows no mortal bounds, nothing can harm us but we must all be very afraid and patriotic. Now vote for McCain, lord of reality.