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Thursday, July 10, 2008

Nation of Whiners

By realitybasedbob on July 10, 2008 at 07:26 am
11 Comments
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In an interview with the Washington Times, Phil Gramm, a former Texas senator who is now vice chairman of UBS:

“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.”

In related news:

NEW YORK (Reuters) - Home foreclosure filings jumped 53 percent in June from a year earlier, although they were down 3 percent from May, and foreclosures are expected to rise further, real estate data firm RealtyTrac said on Thursday.

Foreclosure filings rose on an annual basis in 39 states to a total of 252,363 properties during the month, with Nevada, California, Arizona and Florida posting the highest foreclosure rates.

One out of every 501 U.S. households received a notice of default, auction sale or bank repossession in June, RealtyTrac said.

“June was the second straight month with more than a quarter million properties nationwide receiving foreclosure filings,” said James J. Saccacio, chief executive officer of RealtyTrac. “We have not yet reached the top of this foreclosure cycle.”

Comments

Avatar for Luke

We’ve experienced an export boom? Is that why even Mexico has devalued the American dollar? Don’t fool yourself. Phil Gramm will say anything to make a buck. American hyper-consumption is floating our economy (with a lot of help from the Chinese), but I agree with one item. We have became a nation of Red State whiners.

Luke on July 10, 2008 at 12:13 pm
Avatar for robert108

Luke: A “weak dollar” policy is specifically designed to help exports. It is a sop to the unions.  If we had a strong dollar policy, all you leftie whiners would be accusing the US of “economic imperialism” as we bought up the assets of other countries.

Media uncovers more Palin stories in one weekend than Obama stories in two years. Still no bias detected

Obama: more experienced than Bristol Palin

robert108 on July 10, 2008 at 12:21 pm
Ken McCracken

Is that why even Mexico has devalued the American dollar?

Well first of all, the Mexican government has no power to ‘devalue the dollar’. The peso, maybe, but not the dollar.

Besides, the peso has been falling against the dollar all year. Odd, considering how much oil and gas Mexico has.

Finally, it seems to me that the Blue Staters are the ones doing the most whining about the economy.

Ken McCracken on July 10, 2008 at 12:23 pm
Ken McCracken

Actually, maybe the falling peso isn’t so odd, if the Mexicans are just selling petroleum for dollars. I don’t know if they do or not.

Ken McCracken on July 10, 2008 at 12:24 pm
Ken McCracken

Oops! I got that wrong. The peso is getting stronger.

Sorry.

Ken McCracken on July 10, 2008 at 12:26 pm
2Hotel9

Guys, “luke” is a paid spambot.

realitydenyingboob, sannitized, e, puzzlefeets, woofie, et al, are living proof that America is a Whineocracy.

Una Salus Victus Nullam Sperare Salutem

2Hotel9 on July 10, 2008 at 01:21 pm
Rodney Graves

2H9,

Someone is paying for that lame shit?

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”

Rodney Graves on July 10, 2008 at 02:25 pm
2Hotel9

All they want is hits on the counter. The reasoning being, that for each 100 hits they will pull 10 sales. Lame, indeed.

Una Salus Victus Nullam Sperare Salutem

2Hotel9 on July 10, 2008 at 07:39 pm
2Hotel9

Oh, and crapping all over boob’s little post? Priceless!

Una Salus Victus Nullam Sperare Salutem

2Hotel9 on July 10, 2008 at 07:40 pm
goon

Besides, the peso has been falling against the dollar all year. Odd, considering how much oil and gas Mexico has.

Finally, it seems to me that the Blue Staters are the ones doing the most whining about the economy.

Why aren’t we buying more of Mexico’s oil? Maybe we should take more of it since we have to house their poor.

Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on July 10, 2008 at 08:13 pm
Rodney Graves

Goon,

When you say that:

we have to house their poor.

You leave an important qualifier out; working.

Most of the imigrants (legal and illegal) from Mexico are their WORKING poor.  Mexico’s idle poor are still there, and the Mexican working poor here displace our non-working and semi-working poor in the job pool.  I still believe border enforcement needs to be a top four job, but the parties really being hurt by illegal immigration are our domestic non-working (and semi-working) poor.

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”

Rodney Graves on July 10, 2008 at 09:44 pm
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