according to John Mcains chief financial advisor Phil Gramm.
"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."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
"We've never been more dominant;
click here You guys are imagining $4 a gallon is hurting you personally , that food costs arent sky high , etc. its all good , suck it up ..errr those record exports , the American dollar has lost half its value, so the euro , the chinese yuan is worth twice as much , hence a fire sale on american products,,and companies ,,its why the dutch brewer can afford to buy annheiser busch.oil was &20 a barrel in 2000 when GW took office it is now over a $140 a barrel a 700% increase ,,you whiners.. we need 4 more years of the last 8 ..or 8 more years..cause even though republicans have been in charge of the congress since 1994 and all 3 branches 2000 to 2006 .. we are better off than we were 8 years ago. I hate Chris Mathews ,but I like pat buchannon, and the kramer from Mad money, actually have some insight on it click here and then the actual results of what Phil Gramm did when He was a senator on legislation ,that actually enabled the subprime melt down but also the massive fees americans pay for credit cards , followed by a multi million dollar job with the industry he "regulated" click here