THis I first read on MSNBC’s First Read:
In an interview with the Washington Times, the McCain economic adviser downplayed the economy — despite it having been the top issue of concern to voters in public polling for months. Gramm goes so far as to call the economy a “mental recession,” says that “We have sort of become a nation of whiners” and blames much of the hand-wringing on the perpetual scapegoat — the media.
” ‘You’ve heard of mental depression; this is a mental recession,’ [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.
” ‘We’ve never been more dominant; we’ve never had more natural advantages than we have today,’ he said. ‘We have benefited greatly’ from the globalization of the economy in the last 30 years.
“Mr. Gramm said the constant drubbing of the media on the economy’s problems is one reason people have lost confidence. Various surveys show that consumer confidence has fallen precipitously this year to the lowest levels in two to three decades, with most analysts attributing that to record high gasoline prices over $4 a gallon and big drops in the value of homes, which are consumers’ biggest assets.
” ‘Misery sells newspapers,’ Mr. Gramm said. ‘Thank God the economy is not as bad as you read in the newspaper every day.'”
Gramm has since step a bit back but says he meant everything he said. But he tried to clarify it by saying that he was speaking about the nation’s leaders. But to me he was talking about the people of the nation. Very nice, a millionaire calling me a whiner……so keep that in mind Mr and Mrs Voter, your situation is nothing to whine about, so says a multi-millionaire.