Bye, Bye Phil
Yesterday, Phil Gramm, formerly the waterboy of Wall Street in the Senate, and now the vice-chairman of a Swiss bank, resigned his role as an economic adviser to John McCain. Gramm, of course, became notorious for describing the current economic downturn as a “mental recession” and for denouncing those worried about the state of the economy as “whiners.” (Of course, it’s easy to view worries about the economy as “whining” from the commanding heights of a Swiss bank). But his other comments in that interview were equally troublesome. In addition to claiming that “we have benefited greatly” from globalization and advocating more immigration on the grounds that “The American story is a story of immigration,” Gramm said, with a straight face, “We’ve never been more dominant; we’ve never had more natural advantages than we have today.”
Apparently, Gramm regards stagnant incomes, massive trade and fiscal deficits, and an unprecedented dependence on foreigners as signs of strength. Then again, the type of deregulation of the financial sector that Gramm advocated in the Senate helped lead to the Enron debacle and the current financial crisis. America faces serious economic problems, and McCain has little chance of being elected unless he convinces voters that he appreciates that fact and knows what needs to be done. A campaign that echoed Phil Gramm’s view of the world would have zero chance of winning.
Comments
I couldn’t believe my ears when I heard Gramm bloviate this garbage.
“We have never been more dominant”. What the hell is he smoking. We are in massive debt, import many times what we export, are losing the ability to manufacture anything of real substance, have watched wages stagnate over the past 15 years, have lost control of the border (because our leaders wont enforce it), and this guy wants more of the same. If you are a member of the top 5% and most of your income is dividends from securities holdings, the economy of the past decade has been very good to you. Its not been good to the rest of the nation. People are working longer hours than ever before, selling their vacations like never before back to the companies they work for, saving less, are in deeper debt, are more pessimistic about the future than ever before. Gramm (and McCain) are a joke. If a decent democratic centrist was running against him, he’d be slaughtered. Only a severe lefty-like Obama gives McCain any chance of actually winning this election.
The high commodity prices are a direct result of the legislastion that Gramm snuck through in a bill with a last minute-addition that wasn’t widely known. There is no telling how much money Gramm has cost the American people personally with this bit of malfeasance, and how much he made for his hedgefund buddies. He makes me sick. He is loyal to the Marc Rich’s and George Soros’es of the world, not to Tim the Architect or Tom the engineer. I hope those squinty eyes of Gramm dont stress too hard trying to count his own damned money.
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how can anyone picture or image in their mind’s eye
flacid phil gramm in every regard and of what you just
know is the fatty soul without a chuckle albeit a sad
one at that. it just goes to show you what sort is chosen
as an insider who is happy with all of the perks to have
the drinks of those above him placed upon his head. One
wonders if they use coasters or sans & phil’s subsequent brain
freeze is intentional. ever since i first saw his face in
the tribal campfire (i.e. on t.v.) and heard a few of his utterances
i couldn’t help but think to myself as usual not even zero - less
than zero. it’s always just a question of how much less e.g. is
phil gramm more less than zero than say w. bush, or less less than
zero. i’d say in gramm’s case, w. can take heart as gramm’s more less
than zero than george. at least W. had a daddy.
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A lot of these conservative icons of the eighties sure sold out. I sure don’t have any answers but they aren’t McCain or Obama.
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original jack they’re all the same… mcBama , O’Cain…
the old oinkers from the ‘republican revolution’ - regAnt
for example brought in all the neo-cons buffoon that he
was… these people are nincompoops a la - “on t.v.”
it’s just that t.v. has status and the airwaves are
cornered. think you could ever ‘fail’ if all you ever did
(going now to the people who own the pols) was publically
financed, publically insured, publically leveraged yet
privately owned (i.e. by you).
but failure ain’t fatal - & success ain’t permanent. these
people though to stay entertained have to try to figure out
how to fail, just to get their adrenaline pumping. but then
they don’t even suffer the consequences.
that’s state-capitalism and now our Mongol america.
please enjoy our mongol America!
there are no answers. sometimes people get so fed up they just
ask the right questions.
was it all endemic to american blasphemy from its inception?
if so then how do you like your false gods today?
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Goodbye and Good riddance. As stated, Grahamm was always more interested in helping the Global bankers and the millionaire lobbyists then the people of Texas. That McCain picked him to be his Econ adviser just shows out of touch he is.
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And, nevertheless,Phil Gramm, can say that he was elected to be a congressman as George W. Busch can say he is the elected President of the USA. How we got it so wrong so many times? Elections means democracy - the will of the people - or trickery? I’m so confused!!!
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Marius
why are you confused? Isn’t democracy a system where the majority rules? And, unfortunately, the majority are stupid.
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Gramm’s leaving is a good thing. But McCain is a still a global elitist, inherently sympathetic to NAFTA & “Free trade”, open borders, global warming , and Wall Street bailouts. His recent assertion that Social Security needs “reform” is another red flag. Being against raising taxes, he can only “reform” SS by gutting benefits. Economically, I fear McCain is more Taft than TR.
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McCain is worse than W. bush in this regard. Bush became either accidently or accidently
on purpose the opposite of what he campainged as to win via the Supremes (i.e. the
s. court). And thus one wonders was the chip to make him the Manchurian Candidate, put
in prior or after election? But with McCain he’s sort of the generic Manchurian
Candidate already, phil (nobody) gramm or not. With mcC the Chip was put in a long time
ago somewhere along the way perhaps in Vietnam? What’s that saying ‘fool me once, shame
on you fool me twice, shame on me.’ What about fool me 100 times, well, 100 times then
the shame on me? It’s like with Christians of which i’m one - christ said turn the other
cheek 1 time - why do they turn it 100 times and become doormats. Should one infer then
they enjoy it? that phil gramm was selected and chucked overboard could mean he’s seen
the light prior to death, and repented. not likely - or - it’s a token… ohh golly
folks of ameriKa dumber than wood, i’m in touch with ya’after all. see? ... it may be
fate but not destiny. E.g. when you pour, lets say one culture represented as lets
termites into another culture let’s say represented as wood, it’s profoundly stupid to
expect the wood to win. that’s fate, but not destiny. there’s more wood in the West by
far than termites and regardless wood is of greater value. Fate v. destiny just plays
out as a matter of time. The only question is for us, what shape will the u.s. be in if
someone don’t take the bull by the horns? Probably won’t happen for the foreseeable
future?!? And it sure won’t be McChip taking the bull by horns for his own people. A
null set like himself wouldn’t be allowed to be where he is at today if he would.
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Current US immigration laws tells potential immigrants: don’t you dare come to the US unlawfully, but if you do the taxpayer will shower you with riches beyond your imagining. Without an end to the Welfare state, the immigrants will continue to come. It’s in the State’s best interest - it gets more power to control the borders, and we get national id cards for starters, and it uses the immigration issue the way it uses all other wedge issues. Outcome: State wins, freedom loses. ST
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The GOP was handed an unparalleled opportunity with the election of 2000 and they have not only fallen short, they’ve squandered it and bankrupted the nation as a result.
Every traditional GOP tenant has been roundly rebuked, if not by voice, then by action.
Mr. Gramm is but one of many who have placed their personal welfare far ahead of the public interest while speaking as though they wish only the best for a public......a public that it sneers at in private. They have built an oligarchy that champions the Unitary Executive and it’s Security State while dismissing the U.S. Constitution as “antiquated” or “insufficient to the challenges before us”.
Treason may be too harsh a word to describe their actions....but only in degree, not substance. The irony of it is that they have done such a botched job of it that populism may very well emerge to replace one tyranny with another.
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