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Home » News » Energy

Wednesday, July 9, 2008

McCain adviser talks of 'mental recession'

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Brittanicus

Does the American people need to escalate the 315 million plus population, the census estimates we have now? To a new total of 435 million because the new president wants to add a new blanket AMNESTY? Right now the dire consequences of overpopulation is irrefutable, by just looking at the congestion in our cities, along with the ever growing pollution. We cannot sustain supporting even larger numbers of people, or ignoring the predatory businesses that callously assume that legal citizens will support their cheap labor? We, the American welcome more legal immigrants, than any other country in the world, whatever their national origin. Yet the 'Special interest lobby, through certain corrupted politicians expect us to import poverty, so that the profits of rogue companies is not suspended. The Diversity Alliance for Sustainable America www.earthtimes.org/have stated in it's article that if the U.S. grants amnesty and gives citizenship to 12 to 30 million illegal migrants, as Senators Obama and McCain propose. All those naturalized citizens could possibly add 120 million U.S. and foreign-born relatives to the U.S., in the next 20 years whom all would CONSUME MAJOR ENERGY. Only THE FEDERAL SAVE ACT (H.R.4088) offers any chance of halting this overpopulation quagmire It's enactment will give ICE and the police more enforcement powers. Join NUMBERSUSA for free and become part of a solution and not lies.
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darkstar

With and economy growing at only 1% and inflation headed to 4% or higher--much higher. The economy is in recession. That's at least 3 percent negative growth for many quarters gone by.
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deportemall

Gramm should talk to his candidate, who just a few days ago told a crowd that the economy is in "shambles." Here's an idea: Skip the La Raza convention and spend a day in the "pristine" ANWR. McCain/Hernandez 08
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timjones

You would think that with Gramm working for UBS he would first hand the issues we are facing.. Maybe that explains why UBS is in the shape it is... Also, I am sure that Gramm knows as well as the rest of us in the business world that the government data is worthless as an economic gauge because of decades of manipulation. If McCain has any sense he will send Gramm back to his managed care center where he belongs...
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runningyogi

I would prefer Gramm get serious about joining the campaign. I get the impression he's part-time. On Kudlow and Company, he had to attempt to defend the ridiculous, economy-killing, cap-and-trade program. Gramm is a very articulate spokesperson, but he has to get on the same page as McCain.
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palimpsest

What is it with Republicans when it comes to facing economic reality? They were all too ready to take credit for any expansion when times were better, and quick to blame the Democrats for anything bad. But now? Phil Gramm certainly put his foot in it. But he is not alone among Republicans when confronted by the current economy. Perhaps you missed the whining letter Ed Gillespie, who was brought into the White House to replace Karl Rove after he had gone away, wrote in May to NBC. Gillespie had a list of complaints concerning bias against the President, most of them involving coverage of the war in Iraq. However, to clinch his argument about media bias, he took NBC to task for misrepresenting the state of the U.S. economy as being “just short of the official declaration of a recession.” In fact, the National Bureau of Economic Research, which is the arbiter of when recessions begin, if what we are going through now is a recession, could date its start as early as when Gillespie was writing. The point is that being in recession or being close to recession might be worth economists’ time to debate, but for us in the real world, this is not horseshoes: close is as good as a ringer. But back to Phil Gramm: with 343,000 foreclosures, with housing prices in freefall, with unemployment rising, with the prices of necessities like gasoline and food spiking, with even the employed living from paycheck to paycheck, it takes a very special kind of person to castigate those who are worried about the economy as “a nation of whiners” who are living in a “mental recession.” Perhaps when you are the Vice-Chairman of a huge Swiss bank, have medical care covered as part of your benefits from serving in Congress and sit on the boards of major corporations, everything is rosy. As for the rest of us who lack these advantages,uninformed as we are, it’s too bad for Gramm and his party that we get to vote in November. Perhaps this is what happens after having your way too long in Washington. RIP.
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Itstime

Phil Gramm's comments are just one example in a myriad of how our leaders have completely lost touch with reality. I wonder if he's suffering from some form of dementia (seriously), because he is standing on the tracks at 12:01 and the train was due in at noon. Anyone who hasn't done so, go to your favorite search engine, and look up "debt clock", you will see that WE THE PEOPLE, not the Government, (despite the fact that the Government is unwilling to buck up and manage a tough problem) have accrued a debt of almost 10 trillion dollars, and the debt is growing by 1.7 billion dollars per day. Most people wouldn't see 1.7 billion dollars in 1,000 lifetimes. I will have 20 dollars to spare next month, and I will gladly put it towards the debt. But if I see one penny of that money go towards something other than what it was intended for, then you can guarantee you will never see another dollar from me. You know who isn't "whining", the people like Phil Gramm, who have the net worth to take 95% of their money, pay down the debt, and learn to live like the rest of us. When I see Phil and all the other millionaires and billionaires step up to the plate and take responsibility then I will be more inclined to listen to them. Has no one made the connection between the fact that too many people are ridiculously wealthy, and the fact that our debt is growing at a seemingly unreal pace? I'll gladly stand on a box and tell you how great I am if you want to give me tomorrow's 1.7 billion dollars. However, I would rather take responsibility, do the right thing, and actually take care of business. Americans are not stupid, or lazy, or irresponsible. If our leaders will put each and everyone of us to the task, instead of babying us, and telling us lies because they think we can't handle the truth, everything will fall into place. By the way, when I am making 8% more than I was two years ago, and my cost-of-living expenses have gone up by almost 15%, please tell me, where do I get a pair of those rose-tinted glasses? Feedback? Send to: whiney-us-citizen@hotmail.com
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