stop whinning, the bad economy is all in the mind...short of

I am sure by now you have heard about Phil Gramm interview with the Washington times where he said we Americans are a bunch of whiners and that ideal that the economy is in bad shape is all in our minds.

and you know what he is right...short of.

and you know what else is a state of the mind...the ideal that the economy is doing the greatest it has in 30 years, like Gramm says.

How can he say the economy is doing gangbusters while everyone else feels like the economic troubles are ganging up on them?

simple it what one choices to look at that makes us think the economy is doing good or bad.

for example for those who think the economy is doing bad might be looking at the fact that the value of the American dollar is down (close to 50% when compared to the euro) while some one who thinks the economy is doing good well look at the fact that our volume of exports we sell has skyrocketed upward.

one may think the American economy is doing bad because of the number of jobs going over seas where labor is cheaper, but on the other hand someone who thinks the economy is doing good will point out the great deals we are getting from these goods made on the cheap and how much profit the companies are now making.

people think the economy is bad because they see a lot of foreclosed homes, where as other people think the economy is good because they can now get great deals on homes.

the people who are think the economy is good may look at the fact that the economy is growing. the people who think the economy is doing bad while point out that this growth is a lot lower then has normally been.

so on and so on.