Maybe it’s hard to feel the effects of a recession when you’re a multi-millionaire, or married to one as Sen. McCain is, but saying we’re in an “mental recession” is just plain out of touch.
“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. – Washington Times
We’re starting to see a trend here from the McCain campaign, aren’t we? Super rich executives of multi-national corporations who serve as top advisers for the Republican candidate making increasingly frequent and increasingly out of touch comments about the state of the American economy.
The 400,000 people who’ve lost their job this year? It’s all mental. And you’re whiners according to the McCain campaign.
I live in the Washington Heights neighborhood of Milwaukee, WI with my wife Jen, our daughter Emerson, and son Carter.
In his defense, we are not in a recession.
If you want to get technical about it then… technically, no one cares if you want to parse the definition of a word or not.
I’m doubt the vast majority of Americans who aren’t Meg Whitmann or Phil Gramm or Carly Fiorina or multi-millionaire McCain advisors don’t care what you want to label it.
I think that if this ever got any play in the media, people would begin to realize just how out of touch Sen. McCain – and those he surrounds himself with – really is.
What might be more interesting to get public discussion of is why we are in a recession and in particular how much of a problem is caused by the Billions of dollars from our economy that are continually be pissed away in Iraq.
What might be more interesting to get public discussion of is why we are in a recession
OR .. we could have a discussion about why people *think* we are in a recession when we are not. Not to say we are not headed that way, but we have not had negative growth yet and unemployment is at 5%.
I, too, am concerned about the amount of money being spent in Iraq as well – so I am not arguing with that point.
This is a huge nation with many subgroups and subpopulations. Some of us are currently in a state of deep depression–having lost homes and are now homeless. Some of us are riding high and doing quite well–having landed a nice executive job at an oil company. Most of us are struggling to fill up the car or pay the next medical bill–having spent a lifetime in middle-class America.
Arguing about if we are in a recession or why people think we are in a recession is ridculous. Talk about ways to help the people that are struggling the most from a current–not future–crisis.
Well some people might “think” that because their employers have fired them, the cost of everything from milk to gas is through the roof, and the stock market is in the tank. Maybe that’s why people “THINK” we’re in a recession!?
I still don’t get why you’re trying to make the state of the economy out as something people only “think” is bad.
Seriously… you’re haggling about the technicality of a word while hundreds of thousands of Americans are worrying about affording next months grocery bill.
Maybe we should just focus on the definition of a word instead of what’s happening across the Country and this will all just blow over.
“…despite a major export boom that is the primary reason that growth continues in the economy.”
Let’s not even consider that a major part of the reason for that export boom is that the value of dollar is tanking in the world market.