Paul Revere by Cyrus Dallin, North End, Boston

~~~

~~~

Friday, July 11, 2008

MC CAIN'S ECONOMIC ADVISER, PHIL GRAMM, SAYS AMERICANS ARE WHINERS, THAT WHAT WE'RE EXPERIENCING IS A "MENTAL RECESSION."

10 comments:

Patrick M said...
This comment has been removed by the author.
Patrick M said...
This comment has been removed by the author.
Patrick M said...

Phil Gramm is right and McCain is an idiot. And I think you know where I believe what side I think Barack is on.

Everything spewed out on every news outlet every day is about how bad everything is. We have a housing crisis, a health care crisis, a cultural crisis, a crisis in Iraq, a crisis with our kids, a climate crisis, a crisis on who's going to be the next American Idol, a retirement crisis, an oil and energy crisis, and the worst recession since the Great Depression.

Half this shit is not a crisis, and the other half are things caused by government intervention. And far too many people in this country want ALL of this to be fixed by their next president.

Take it from someone who's getting his ass kicked by the gas prices on this: It ain't that damned bad.

Handsome B. Wonderful said...

Awesome response by Obama. He hit is spot on by using humor to attack.

Anonymous said...

HOUSING FORECLOSURES INCREASING:

As a result of the subprime lending crisis, “housing foreclosures nationwide were up 50%in June compared with the same month in 2007.” In California alone, foreclosures have reached an average of 500 per day.


HOMELESSNESS INCREASING:

The number of homeless over the age of 50 are “steadily increasing.”


HEALTHCARE COSTS RISING:

According to a report by the Government Accountability Office, “health-care costs are growing much faster than the economy.” Costs are rising so significantly, some Americans are delaying retirement.

GAS PRICES RISING:

The national average gas price is $4.09, up 33% from this time last year. Gas prices are now expected to hit “$4.25 by the fall and then stay at more than $4 a gallon until the end of 2009.”

JOB LOSSES INCREASING:

In the first six months of this year, a total of 438,000 jobs have been lost, bringing unemployment to 5.5%. The CEO of Bank of America commented, if unemployment continues to rise, “all bets are off.”

FOOD COSTS RISING:

“U.S. food prices rose 4 percent in 2007″ making it the fastest rise in 17 years and, as a result, food stamps have considerably less buying power.

HEATING AND ELECTRICITY COSTS RISING:

Heating oil costs across the north are expected to be “up 60 percent from last year” and utilities across the country are “raising power prices up to 29%.”

REAL WAGES DECLINING:

“Slower wage growth and faster inflation has led to falling real hourly and weekly earnings for most workers.”

LEISURE SPENDING DECLINING:

As a result of the rising cost of living, Americans are “tightening their belts and thinking twice about spending extra bucks on entertainment and leisure products.”

VALUE OF DOLLAR DECLINING:

The dollar “has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency.”


http://thinkprogress.org/2008/07/11/economy-not-mental/



There is NO American Idol crisis, at least to my uninformed knowledge. I saw that show once in 2004. Painful.

Patrick M said...

Your point?

I didn't say there weren't problems. I said that problems are being inflated into crises. And far too many people stand there and whine about how bad things are and expect the next president to fix it. I'm assuming Obama has a plan for government to fix everything you listed and I listed. But the problem is that everything you listed has it's roots in government tampering.

Except for idol. Obama would impress me if he deported Simon Cowell. And found sanitation careers for the other judges. And proved his 2nd Amendment cred, he could shoot out Ryan Seacrest's kneecaps with a .44 magnum.

Anonymous said...

"...he could shoot out Ryan Seacrest's kneecaps with a .44 magnum."


But Seacrest would continue in his career as an insufferable no-talent dweeb.

Teeveeland is full of them.

I don't think the subprime mortgage scandal is an inflated scandal--it has been ruinous to the housing market. And the price of fuel impacts everything in our daily lives.

We do have very large problems, saying they're inflated problems won't make them go away.

Anonymous said...

"...he could shoot out Ryan Seacrest's kneecaps with a .44 magnum."


But Seacrest would continue in his career as an insufferable no-talent dweeb.

Teeveeland is full of them.

I don't think the subprime mortgage scandal is an inflated scandal--it has been ruinous to the housing market. And the price of fuel impacts everything in our daily lives.

We do have very large problems, saying they're inflated problems won't make them go away.

libhom said...

The underlying problem is that rightist policies have distributed so much of our nation's income away from the middle class and the poor to the rich. For the vast majority of Americans to even break even, you need a very robust rate of growth.

Patrick M said...

We do have very large problems, saying they're inflated problems won't make them go away.

Shaw: You're right there. Solving them will. Too bad nobody who is in a position to do so seems to know how to do so.

Libhom: What rightist (I assume you really mean conservative) policies are you referring to? The expansion of government over the last 18 years under Democrat and Republican Presidents and Congresses? The inability of either party to unify and come up with a solution instead of bill after bill designed to buy votes?

At this point, both parties are fielding presidential candidates with similar fiscal policies, the difference being McCain duct tapes on the phrase "free market" to make it look more conservative.

I don't know what history you've been looking at, but the overwhelming majority of things to be spilled out of Washington have been the antithesis of conservative fiscal policies.