McCain faces backlash over top advisor Phil Gramm's comments »

Posted By ybdogsct 12 months ago in Business & Finance

"You've heard of mental depression; this is a mental recession," said Phil Gramm, one of McCain's top advisors. "We have become a nation of whiners," he said. "You hear constant whining about a loss of competitiveness, America in decline." McCain once admitted he didn't know as much about economics as he should.

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    ybdogsct12 months ago

    http://www.guardian.co.uk/world/2008/jul/10/joh...

    "'What John McCain, George Bush, Phil Gramm, don't understand is that the American people aren't whining, they are suffering - the weight of 8 years of Bush-economics that John McCain has vowed to continue,' said Karen Finney."

    http://www.cbsnews.com/blogs/2008/07/10/politic...

    "The economy is the number one issue for voters, and most have a dark assessment of the present situation. 78% of respondents said things are worse now than they were 5 years ago - the highest since 1986."

    http://www.boston.com/news/politics/politicalin...

    Tim Russert asked John McCain about his comments that he didn't know as much about economics. McCain's answer suggested he had never made such a comment, but he did as recently as December saying:

    'The issue of economics is not something I've understood as well as I should, but I've got Greenspan's book.'"

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    dunkirk12 months ago

    The fact is when your a puppet and just reacting to your strings bring pulled, he doesnt need to become knowedgeable on economics. He needs to learn how to read a script.

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      ybdogsct12 months ago

      I guess it's easy to dismiss the skyrocketing fuel and energy prices, nationwide housing foreclosures, credit crunch, and record budget deficits when your wife is worth over $100 million, and you're not faced with financial hardships every day.

      I hope this is not the kind of economic advice McCain will shape his economic policies around.

      Phil Gramm's callous comments can be found here in the Washington Times' original article:

      http://www.washtimes.com/news/2008/jul/09/mccai...

      "Various surveys show that consumer confidence has fallen precipitously this year to the lowest levels in two to three decades, with most analysts attributing that to record high gasoline prices over $4 a gallon and big drops in the value of homes, which are consumers' biggest assets.

      'Misery sells newspapers,' Mr. Gramm said. 'Thank God the economy is not as bad as you read in the newspaper every day.'"

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      walden312 months ago

      Haha-

      Someone should ask Mr. Gramm how much a gallon of milk or a gallon of gas is.

      How can someone be so out of touch? It's scary when our leaders have no basis in middle-class reality.

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      Lurch12 months ago

      This anti-American whining from one of the leading enablers of the Enron scandal that robbed Americans of billions of dollars, while his wife sat on the Enron board getting rich.

      What a two-faced hypocritical jack-ass, aka a Republican.

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      CHAM12 months ago

      Good Post ybdogsct, I guess there's not too many Republicans bragging about the great economy these days but my money says if they can find a way to blame somebody, anybody, for the sagging economy, they will be at it with ferocity.

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      Xaos12 months ago

      I would of expected no less of a comment from the guy who was the architect of the Commodity Futures Modernization Act of 2000. We are talking about Mr. Enron Loophole here, Phil Gramm the Enron shill. This guy should be as kept as far away from the economy as possible lest he does more harm to it.

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        tchef12 months ago

        Once again a clear representation of how out of touch with middle America the Republican party is.

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          hyperbola12 months ago

          Remember that McCain has personally been involved in at least four instances of corruption and that Gramm never saw a get-rich-quick scheme for his buddies that he didn't like.

          The Lobbyist Whom McCain Won't Fire

          John McCain has been purging lobbyists from his campaign trying to reclaim the mantle of political reformer, but there's one lobbyist whose role as a key economic adviser makes him almost untouchable despite ties to the sub-prime debacle, links to the Enron disaster and alleged evasion of ethics rules....

          http://www.consortiumnews.com/2008/071008b.html

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          Grrr12 months ago

          Hey, where's all the CON shills? I figured I'd find at least one here trying to defend these arseholes.

          Guess I'll go hunt them down on some "Obama IS Rev.Wright" thread, bunch of hypocritical liars that they are, and point out that McCain must be Gramm, just to be fair.

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          B1BLancer12 months ago

          Gramm was absolutely correct in all aspects.

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          HMMace12 months ago

          MCCAIN SHOULD FIRE HIM INSTANTLY----ULESS MCCAIN AGREES WITH HIM....

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            aceofspades112 months ago

            orghss - said--

            "Wow, original."

            Frankly my dear, I don't give a damn - now THAT'S original

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            slate12 months ago

            You can always count on the left crying about these thypes of threads the day before they post one to off set what they did yesterday,,,,,, How the Jesse Nads Jackson thread going?

            Though you do have to admit,,,, the 700 million dollars in lobby money Gramm raised in the 90s to de-regulate finance and get us to where we are today,,, does put him in the 'You suck' box.

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            jordan1112 months ago

            Ya gotta love it. Graham pushed to deregulate banking, the scam artists moved in, the speculators got rich, and a million or more people will lose their homes. But Americans are whiners. Whatta guy. Any bets on whether or not Graham was one of those speculators? Any bets on how much he is invested in oil speculation? And let's not forget Enron screwing millions when the regulations got tossed by CONS. Americans aren't 'whiners' but they are stupid. They gave these clowns power, & they'd better start educating themselves on what happens without regulation of industries.

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              Tcaros12 months ago

              I guess if your wife is a billionaire heiress everyone else is a bunch of whiners.

              The silver spoon son of an admiral who wiggled out of the Keating 5 indictment thinks the average working stiff is a whiner.

              Anyone who votes for ANY Republican this fall is an idiot.

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              jordan1112 months ago

              McCain is surrounding himself with advisors who will keep his wife's money safe, and hopefully create conditions that will give her more.

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                Fosrestoy12 months ago

                I can't really follow W.'s path to wealth.

                You see, I don't have a rich dad who everyone wants to do favors for. I've tried to get folks to hand me corporate directorships, and I've tried to buy baseball teams with other people's money.

                Go figure--no one will bite.

                And no matter how hard I try, I can't drive every business I've ever owned into the ground and escape with a profit.

                Were you able to do that, crghss?

                See also^ http://alleducationinfo.com/goergiaeducationass...

                If you could tell me how I can make any of those things happen, please let me know. I work hard, but no one ever hands me my own companies to ruin.

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                  antibrainwasher12 months ago

                  the following is for your intelectual and asthetic pleasure for all the hard working republian shills, and encapsulates Phill Gramms economic philosophy quite well:

                  Whenever I feel afraid

                  I hold my head erect

                  And whistle a happy tune

                  So no one will suspect

                  I'm afraid

                  While shivering in my shoes

                  I strike a careless pose

                  And whistle a happy tune

                  And no one ever knows

                  I'm afraid

                  The result of this deception

                  Is very strange to tell

                  For when I fool the people

                  I fear I fool myself as well!

                  Make believe you're brave

                  And the trick will take you far.

                  You may be as brave

                  As you make believe you are

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