Recession? It’s Just in Your Head!

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July 10, 2008 10:44 a.m.

John McCain’s buddy Phil Gramm, who is a general co-chair of the national campaign and his chief economic adviser, has some choice words on Americans’ economic woes: “You’ve heard of mental depression; this is a mental recession. …. We have sort of become a nation of whiners.”

Late Update: “Phil Gramm’s comments are not representative of John McCain’s views,” the McCain camp explains.

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