Every (Pity) Party Has A Pooper
DON’T GO MENTAL, BUT THE RECESSION IS IN YOUR HEAD … FOR NOW, AT LEAST
By Mande Wilkes
FITSNews – July 10, 2008 – Looks like somebody’s been paying attention to our continuing series on just how bad the economy ain’t.
As the rest of the world frets about their nonexistent (but certainly forthcoming!) hard times, at least one member of John McCain’s camp sees through the lie. In fact, McCain’s economic adviser, Phil Gramm, called for a much-needed reality check with respect to the U.S. economy:
“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… We’ve never been more dominant…Thank God the economy is not as bad as you read in the newspapers every day.”
True dat. In fact, “double true.” Somebody besides us needed to say it, and who better than a top adviser to a presidential candidate.
Now, because the guy he works for has to win votes, Gramm can’t be too ominous about the future financial forecast.
But what lies just under the surface of his statement is a warning that something bigger is brewing, perhaps something the likes of which America hasn’t seen since The Great Depression. Or the Cloverfield monster.
And what lies under that is the suggestion that these are times we’ll someday regard as the “good ol’ days,” meaning instead of feeling sorry for ourselves we ought to enjoy this while it lasts.
There’s no doubt that outrageous government spending at pretty much every level has succeeded in choking off economic growth, but the point is we’re currently not where we think we are … at least not yet.
Translation? There’s still time to start getting our fiscal act together as a country …
Comments
By rick on July 10th, 2008 at 1:59 pm
Amen, I work on the fringes of industry and what I see are a continued investment, expansion of business everywhere. With the price of all the commodities going up due to world demand, we can’t help but feel that the economy is in trouble. The home mortgage market has it’s debacle in the puzzle palaces in DC. With the call of the geniuses in the house and senate to loan money to anyone and everyone because it’s our right to have what the joneses have…well the expected is happening. The oil market has its troubles in the idea that wind and solar will suffice. If the clowns in DC think that this was the way to go, why didn’t they respond during Jimmy Carters regime? Why, because it doesn’t work. Even now these same clowns are changing their positions on drilling. Another couple of increases and they realize it’ll be open season on politicians. Theres little wrong with our economy that can’t be fixed with a light hand. Drilling and R&D into alternative should go hand in hand. Nuclear Power instead of Coal. The answers are ther but the media moguls have a reason to lie…think about it.
By Negatron on July 10th, 2008 at 3:35 pm
Yeah, um, ’cause people are, like, still buying loads of lottery tickets!
By Christina West on July 10th, 2008 at 6:52 pm
It’s good that the McCain team is coordinating their talking points, as John McCain’s been talking about how the problems with the economy, gas prices, energy, et al, and his proposals to solve them, are ‘mostly psychological’, for months now.
Alternative energy? McCain will harness the power of the subconscious, store it in a science-contest-prize battery, and use it to power your new ‘horseless carriage’.
Go McCain!
http://www.womenforjohnmccain.com/
By Yikes-ers on July 10th, 2008 at 10:04 pm
He was on the money with the whiners comment. This ‘made up’ economic hard times has just given poor people an extra reason to whine acting like losing a house is tougher now than is used to be or not be able to afford groceries is somehow more difficult than it used to be? Why becuase the media is hyping up a false economic hard times and probably fuding expense figures and the weak dollar just to make Bush look bad…Wha wha wha. Liberals make me sick!
By Metamucill Epicurean Scientologists For John McCain on July 10th, 2008 at 10:42 pm
Ommmmmmmm. Ommmmmm. I’m recessively mentalized. Ommmmm. Ain’t no probs in this US of A. My gazillionaire friends told me so. Ommmmmm. My definition of the Greenhouse Effect is waddling in all my cash while Middle and Lower Middle and Lower America burns. Pass the Republican fiddle wouldcha? Ommmm. Oil that is. Texas Tea. Ommmmm. Always USED to vote ‘Publican but then some guy named O’Man came along and damn if he didn’t make a whole bunch of sense. And now, I don’t Ommmmm anymore. I took the cure and it works.
By FWFIV on July 11th, 2008 at 7:10 am
Phil Gramm’s main job since leaving public service has been with foreign bank UBS, in that time their stock has lost 70% of its value and they have been charged with a wide range of violations. He also is responsible for eliminating much of the regulatory oversight which may have prevented this mess in which we currently find ourselves.
While not fitting the definition of a recession, yet; the current economy in the US is causing problems for many people, even those who have been responsible with their finances. One and half million jobs lost in the last year is cause for “whining” Also McCain ahs already distanced himself from these remarks.
He is basically asting like the police officer on “South Park”
Nothing to see here folks, move along.
Nothing to see here folks, move along.
Once again, the deliberate ignorance of Mande’s post is astounding.
By Monkeydarts on July 11th, 2008 at 7:46 am
And McCain promptly threw Gramm under the Not So Straight Talk bus.
Our choice in November comes down to a boilerplate Marxist in a swanky suit and a grumpy old Democrat posing as a sometime Republican. Great.
By rick on July 11th, 2008 at 7:48 am
This economy loses and gains jobs on a continuing basis. When a recession/depression really hits you’ll know it. Interest rates will go sky high(+20% during Jimmy Caters regime), job loss will be across the board (Ronald Reagan 1980’s), and losing your home will be the least of your worries. Losing a home…2 scenerio’s….loss of a job due to illness/unforseen circumstances. Most likely, lack of intelligence by buying more than you can afford because the real estate agent told you to or your better half wants it. Most of the negative issues that happen to us can be traced directly to decisions we’ve made. So go ahead and shoot the messenger, the messege is still valid.
By RedBank Bar on July 11th, 2008 at 8:58 am
Just another pearl in Mande’s greatest hits of blissful ignorance.
Good Samaritan lawsuits
Obama’s Neo-Slavery
Nothing to see here, move along, the economy is great
Just how stupid can you get, Mande? Keep trying, you haven’t hit rock bottom yet.
By Silence Dogood on July 11th, 2008 at 1:58 pm
Rick,
The unemployment rate has spiked over 1.4 percent since last October and is expected to go higher.
You noted “job loss will be across the board (Ronald Reagan 1980’s)”
Please note that the most recent increase in the jobless rate was the highest month to month increase since 1986 -
http://www.forbes.com/leadership/2008/06/24/salary-jobs-government-lead-cx_mk_0624bluecollar.html (article by Forbes Magazine that big banion of economic liberalism).
Also, you and Mande need to talk to those idiots on Wall Street and let them know the economy is going swimmingly despite thier party pooperism. (See article below Dow drops below 11,000 for first time in 2 years)
http://biz.yahoo.com/ap/080711/wall_street.html
And to top it all off the Candian dollar did for the first time in recent history (or ever?) go above the U.S. dollar – attrocious.
Lem’me guess these statistics and other facts which indicate a poor economy are just made up by stupid liberals?