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Blanketing opinions that I'll probably regret soon.
Thursday, July 10, 2008
We probably are a "nation a whiners"
I obviously don't support McCain, but thank god his economic advisor, Phil Gramm, is one of the only people telling the truth these days:
Witness the traffic --- including many SUVs --- over the 4th of July weekend. The number of cars on the road was only down 3.3%. Spit in a bucket, man. The problems for most Americans is that they won't be able to go to the movies as often, get lasik surgery, go on pleasure trips, or buy $4.00 coffees at Starbucks. Man, life is hard.
I suppose when you make the crybaby eat with his hands instead of a silver spoon, there'll be screams of torture.
I will give one month's gas money to anyone who can prove to me that there is currently widespread suffering in the the USA 1/2 as bad as most of the world has lived through over the past 30 years.
You can start by doing statistics on various countries at the economist.com. Not satisfied? Then I refer you to the international section of any major newspaper for the past three decades.
As long as Gramm's latest flub gets my man Obama elected, us pussies can bitch all we want. I only fault Gramm's arrogance for saying this as current Vice Chairman of UBS Bank.
"We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, America in decline ... We've never been more dominant; we've never had more natural advantages than we have today ... Misery sells newspapers. Thank God the economy is not as bad as you read in the newspaper every day."He continued:
"Look, the economy is bad. It is far below what we Americans have a right to expect, but we are not in a recession. We may or may not have one in the future, but based on the data we are not in a recession. But that does not mean all this talk does not have a psychological impact."This follows what I've said for a long time about how Americans should STFU about gas prices. It pinches, but doesn't really hurt --- not like the tens of countries I would qualify as truly experiencing economic problems. Many for quite some time.
Witness the traffic --- including many SUVs --- over the 4th of July weekend. The number of cars on the road was only down 3.3%. Spit in a bucket, man. The problems for most Americans is that they won't be able to go to the movies as often, get lasik surgery, go on pleasure trips, or buy $4.00 coffees at Starbucks. Man, life is hard.
I suppose when you make the crybaby eat with his hands instead of a silver spoon, there'll be screams of torture.
I will give one month's gas money to anyone who can prove to me that there is currently widespread suffering in the the USA 1/2 as bad as most of the world has lived through over the past 30 years.
You can start by doing statistics on various countries at the economist.com. Not satisfied? Then I refer you to the international section of any major newspaper for the past three decades.
As long as Gramm's latest flub gets my man Obama elected, us pussies can bitch all we want. I only fault Gramm's arrogance for saying this as current Vice Chairman of UBS Bank.
Comments:
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You want proof of widespread us citizen suffering? cuz I want gas money.
Here's proof. I no longer can afford 93 octane gasoleen for my hummer cuz the ay rabs are hording the oil. Gotta use 87. The giddy up and go just ain't there no more. Makes me weep.
Here's proof. I no longer can afford 93 octane gasoleen for my hummer cuz the ay rabs are hording the oil. Gotta use 87. The giddy up and go just ain't there no more. Makes me weep.
You want to talk suffering? With all this crazyness, I cant even afford to put brand new ($200 a piece) tires on my Jeep.Plus now I can only take 3 vacations instead of 4. And not to mention I can only eat out twice a week and can only afford to tip no more than 20%. Now, I can only buy a new computer ever 3 years instead of 2.
You can make that check out to "Dilkan", thanks.
You can make that check out to "Dilkan", thanks.
carefull their cuz....a months worth of gas on that hog I drive might set you back abit :)
# posted by 
: 4:08 PM
: 4:08 PM
The Washington Post agrees with me.
"Campaign Econ says the American economy is a certain way because Americans think it is. Campaign Econ competes with real economics and often wins."
"To liken the current moment to the Great Depression, or even the early 1980s, as Campaign Economists have, is to whine, just as Gramm said. During the Depression, people lost their homes even though they had borrowed only 10 percent of the purchase price. People losing their homes today frequently have borrowed 90 percent or more. The country approached double-digit unemployment in the early 1980s."
I'd also add that the author says that "many" Americans are losing their homes to foreclosure. Well, I suppose if "many" means 2%.
"Campaign Econ says the American economy is a certain way because Americans think it is. Campaign Econ competes with real economics and often wins."
"To liken the current moment to the Great Depression, or even the early 1980s, as Campaign Economists have, is to whine, just as Gramm said. During the Depression, people lost their homes even though they had borrowed only 10 percent of the purchase price. People losing their homes today frequently have borrowed 90 percent or more. The country approached double-digit unemployment in the early 1980s."
I'd also add that the author says that "many" Americans are losing their homes to foreclosure. Well, I suppose if "many" means 2%.
Wait until gasoline hits $6/gallon (I'm guessing 2009) then we're gonna hear it...we'll have tens of millions of Americans suddenly with NO disposable income. We're in trouble...we've just flushed three quarters of a trillion dollars down the toilet in Iraq, pissing off most of the civilized (and uncivilized) world...money borrowed from China, who have no problem making 100 year plans to take over the world. They WILL collect.
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