Eugene David
...The One-Minute Pundit

Thursday, June 26, 2008


The world’s biggest maker of consumer goods has urged Barack Obama and John McCain not to talk the US into a “worse recession” during the presidential election by being too gloomy over the state of the economy.

AG Lafley, chairman and chief executive of Procter & Gamble, told the Financial Times he was concerned by the “woe is me and ain’t it awful” rhetoric adopted by Hillary Clinton and Mr Obama during their fierce battle for the Democrat nomination.

“In my business we don’t need excessive negativism,” said Mr Lafley. “You know we are in a business where psychology matters – even in the staples business – and in the economy psychology matters. It could go negative on the economy, that could be a problem . . . We will talk ourselves into a worse recession.”


Hey Laff, we got an idea -- lay off a few thousand workers, then increase prices, then spend the resulting billions on JUNK TELEVISION telling us how hunky dory things are!

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