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The economy’s fine. You, however, may be psychotic

Via Think Progress, we find a rather unusual tidbit from a recent John McCain interview. When the topic turns to the economy in general and gas prices in specific, Senator McCain is proposing a summer vacation from gas taxes to help out Americans. Strangely, though, he doesn’t seem to think it’s really going to change much.

I’m very concerned about it, Neil. And obviously the way it’s been going up is just terrible. But I think psychologically — and a lot of our problems today, as you know, are psychological — the confidence, trust, the uncertainty about our economic future, ability to keep our own home. This might give them a little psychological boost.

Let’s have some straight talk, it’s not a huge amount of money. But it might be nice to be able to save a few bucks and maybe buy something else the next time that they have to fill up their gas tank and say, “You know I’m going to be able to afford that little expense now.” A little psychological boost. That’s what I think it would help.

See? You may think that gas and food prices are rising, jobs are being lost and the housing market is swirling near the bottom of the bowl. But it’s all in your head.

Senator McCain has recently stated that he believes the country is in a recession, while earlier this year he was sticking with the White House line in saying that it was just a temporary slow down. However, this interview seems to indicate that he simply can’t drag himself away from the idea that everything if going well enough but the bad economic news is some sort of partisan political plot. However, with consecutive months of job losses and another anticipated report of gross domestic production shrinkage, it may become harder and harder for politicians to paint those skies such a bright shade of blue.

  • aba23
    Yeah, now that you've pocketed that extra $2.17 from filling your tank, go out and put a new HDTV on your MasterCard. It's the least you can do for your country.

    Sound economic advice...(for Sony and MasterCard).
  • EEllis
    He make a valid point. There is a reason consumer confidence is measured and used as a economic indicator.
  • runasim
    He makes a valid point?

    Consumer confidence based on gimmicks is what got us into this mess in the first place!

    We've had years of 'the economy is great' in the face of contrary experience axross wide swaths of the population.

    No more gimmicks!
  • EEllis
    The point that the thought, idea, or belief that the economy will tank can cause it to tank. Here's a shock, it is possible that if people feel the outlook for the economy is good then that can effect the economy for the better. Do you challenge that fact by itself? Did he ever say this was the only idea he had or the main thing he would try and do. Or is this a tiny soundbite taken out of context and used to get idiots pissed off.
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