McCain Advisor Says Recession Is Mental

July 10. 2008

John McCain (center)

One of John McCain's economic advisors, former senator Phil Gramm, said the current U.S. mortgage crisis and recession is “mental” meaning it's all in our minds.

So, citizens are just having mental issues, then?

So, millions of people that lost their homes to foreclosure after their mortgages unethically ballooned overnight, are just imagining that judges all across the country approved courthouse auctions that evicted them from their homes of many years?

So, citizens that saw their life savings wiped out when some corrupt hedge fund went belly up are just imaging that their money they scrimped and saved for is gone?

So, the Dow Jones plummeting 400 points this month was just people imaging things?

Either that's one powerful delusion or all that stuff actually happened. Reality would support the former as the correct answer.

Phil Gramm

If it's all in everyone's head, the next time you go to the gas station, tell the cashier that you're going "mental" and the $4.30 per gallon gas prices they have are not real, because your mind is telling you in this "mental recession" that you should only pay $1.40 per gallon. Do that and see if they don't put you on one of those mental holds like the one they had Britney Spears on.

The recession is not mental, it is very tangible. It can be seen everywhere.

Gramm calls slowdown 'mental'

Former Sen. Phil Gramm, a top economic adviser to presumptive GOP nominee John McCain, referred to the economic slowdown as "a mental recession" and called the United States “a nation of whiners.”

The comments, in an interview with The Washington Times, could hurt the campaign’s efforts to convince working-class Americans that McCain feels their pain.

http://www.politico.com