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Phil Gramm, a top adviser to McCain, said that we are in a "mental recession," not a real one, and that "we have sort of become a nation of whiners.".(The Week)(Brief article)

National Review

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Phil Gramm, a top adviser to McCain, said that we are in a "mental recession," not a real one, and that "we have sort of become a nation of whiners." He later clarified, reasonably, that he did not mean to suggest the economy was strong and that he was referring to our elites as whiners. That the press has jumped the gun in declaring our economy in recession, as Gramm says, is undeniable. But real wages for middle-income workers have been stagnant or declining for years, and comments such as Gramm's suggest that even the ...

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