McCain Advisor, Phil Graham, says stop whinnig, its Only a "Mental Recession"
Former Sen. Phil Gramm, a key economic adviser to McCain, told the Washington Times that worries about the sluggish US economy sinking into a recession were just in everybody's head.
"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."
"Foreclosure Phil Gramm": How John McCain's Economic Advisor Helped Engineer the Mortgage Crisis
Democratic Socialists Win Elections
4 weeks ago