Compassionate Conservativism is soooo 2000
"You've heard of mental depression; this is a mental recession," Gramm tells the Washington Times, adding that despite all the bad news out there US economic growth continues at a rate of approximately 1 percent. "We may have a recession; we haven't had one yet."Adds Gramm: "We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, America in decline...We've never been more dominant; we've never had more natural advantages than we have today...Misery sells newspapers. Thank God the economy is not as bad as you read in the newspaper every day."
$5 a gallon milk. $4 a gallon gas. 25->50% increase on most food items. Mortgage collapse, diminished dollar strength, stock market plunges, shipping costs impacting 100% of the economy. Name a sector that's not been directly impacted by this recession. Yeah, it's all in our minds.. the forefront of our minds, our pocketbooks and our budgets.
Eat your cake peasants.
Posted by kerry at July 11, 2008 07:56 AM