Posted on 07/14/2008 10:57:25 AM PDT by Dukes Travels
It says a lot about the current state of affairs in America – and nothing good – that people get offended and outraged when someone tries to tell us things are really not so bad.
Former U.S. Sen. Phil Gramm of Texas has apparently lived too long and done too much to care. We need more people like this. It would be fantastic if the presidential candidate Gramm is advising – John McCain – would think and talk like this. (He isn’t. Oh well.)
In an interview last week with the Washington Times, Gramm said what needs to be said about the economy, and perhaps more importantly, about the state of mind of the American people. Labeling the supposedly horrid economy a “mental recession,” Gramm placed responsibility squarely on the backs of those whose mush-filled minds simply believe whatever they hear about the economy. As the Times reports:
(Excerpt) Read more at northstarwriters.com ...
Me too.
Go ahead. I remember the libs being all upset about the repeal of Glass-Steagall. What are you driving at?
Tough times is exactly what we need to be hinest. The masses have their head up their asses, more interested in American Idol than their own future.
There is nothing in the Constitution about needing Congressional approval to drill for oil on federal land either, but it’s having an influence on today isn’t it?
Read it... Then we will talk...
Hey, I didn’t follow the Bear Stearns debacle that closely. Do you guys remember the libs trying to pin the failure on free-market, supply-side economics (and economists like Gramm)? Remind me if you can.
Six Flags is feeling it. Georgia and Tennessee has had alot of factories shut down over the past five years and the Southeast is feeling the pinch of higher gas prices along with lower job wages.
Are you familiar with the Commerce Clause?
Patronize? Uh ok...
If you read it, then you would not say what you wrote. Read both pages.
I don't remember libs doing that. I do remember a lot of conservatives whining.
The repeal of the GSA is why everyone is whining? And that’s Phil’s fault?
Have you noticed, by chance, that I’m already discussing Glass-Steagall with others?
I wish I could remember the person that demolished that argument. Id had to have been someone at Cato, Heritage, or NRO.
National Mortgage is next. Citi Finance, oh and by the way China is the main share holder of Fannie Mae and Mac bonds.
http://www.marketwatch.com/news/story/chinese-government-top-foreign-holder/story.aspx?guid=%7B347DF7BF-F0B7-48C9-A418-5A0B903D9F72%7D&dist=hppr I have a bad feeling the dollar will tank since the government is trying to bail out the Indymac. Which translates to sky high energy prices and mass inflation. We are only at the beginning which is scary. All we can hope is that China does not start selling off or T-Bonds. By the way they hold the majority of T-Bonds.
there is always something to be said for personal responsibility. you can't afford gas, maybe cut down the trips to soccer practice, the nail salon or the golf course.
No banks failed while we had Glass-Steagall?
I have a bad feeling the dollar will tank since the government is trying to bail out the Indymac.
You have a funny definition of bail out.
All we can hope is that China does not start selling off or T-Bonds. By the way they hold the majority of T-Bonds.
You have a funny definition of majority.
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