"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."
'Whiners' get to Gramm; he exits McCain camp
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"It is clear to me that Democrats want to attack me rather than debate Senator McCain on important economic issues facing the country," Mr. Gramm, a former Republicansenator from Texas, said in a statement released by the McCain campaign Friday night. "That kind of distraction hurts not only Senator McCain's ability to present concrete programs to deal with the country's problems, it hurts the country."
'Whiners' get to Gramm; he exits McCain camp
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