McCain’s Economic Advisor Says US in a ‘Mental Recession’
Jul 10th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsNever mind the credit crisis, record energy prices, declines in payrolls, wages, and house prices. John McCain’s economic adviser, Phil Gramm, thinks US economic woes are merely psychological.
The Times said Gramm said he expects a McCain administration would inherit an economy “weighed down above all by the conviction of many Americans that economic conditions are the worst in two or three decades and that America is in decline.”