Phil Gramm is a corporate scumbag (Part 1)

Every time you look around lately, John McCain and friends are spouting off about important issues like the economy, globalization and Social Security. And with each passing day, they give Americans a clearer sign of just how out of touch they really are.

Earlier this week, Senator McCain called the system that finances Social Security retiree benefits "an absolute disgrace," even though the pay-as-you-go system remains successful for millions of Americans since it was established during FDR's administration.

Now, the McCain campaign's co-chair, former Sen. Phil Gramm of Texas, says that America's economy isn't doing all that badly. In fact, he told The Washington Times: "We've never been more dominant; we've never had more natural advantages than we have today."

Phil Gramm makes a living heading up a Swiss bank, thus he's insulated from reality. He's as out of touch as John McCain. The facts don't register with these multi-millionaires, just as they didn't register with George W. Bush.

McCain, Gramm and Bush are the kind of guys who see "strong fundamentals," when most Americans see six months of job losses, declining wages, the highest foreclosure rates since the Great Depression, and skyrocketing fuel and food prices.

Now, Phil Gramm tells The Washington Times, we have "sort of become a nation of whiners. ... You hear this constant whining, complaining about a loss of competitiveness, America in decline."

How much more evidence do we need that Senator McCain's top economic advisor -- the man McCain says he's considering for Secretary of the Treasury -- hasn't got a clue about the real problems facing America's working families?

In Gramm's America, the current economic downturn we're living through isn't so bad. "You've heard of mental depression; this is a mental recession," he told the Times. "We've never been more dominant; we've never had more natural advantages than we have today," he went on to say.

Gramm's talk of "mental depression" replays Senator McCain's assertion in January 2008: Concerns about our downward spiraling economy are "psychological." Speaking at a Town Hall, McCain labeled "the fundamentals of our economy" as "still strong" and shrugged off worries by saying "a lot of this is psychological."

Gramm won't even go that far. He's says the economic downturn is a fiction created by the media to boost sales, explaining: "Misery sells newspapers. ... Thank God the economy is not as bad as you read in the newspapers every day." Someone should clue this multi-millionaire in: Gasoline is going for more than $4 a gallon, and a lot of Americans can't afford a daily paper these days.

Americans aren't whining. They are voicing their justified frustration with policies that put profits over people. They have had it with politicians who stand in the way of change -- like providing health care for all. Most of all, they are tired of being told that this country's problems are imaginary. Those problems are very real to the millions who have lost their jobs, their homes and the hopes of a secure retirement. They want leaders who will fight for them, instead of leaders who refuse to deal with reality.
http://www.huffingtonpost.com/gerald-mcentee/mccains-out-of-touch-co-c_b_1120...

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[sophiegromit]

Government used to work for the people, just like it's working in Europe (the EU) now. They seem to have a good mix of free enterprise and government to serve their citizens. Ever since we got off the gold standard, and offshored our jobs due to global capitalism, we've created huge pockets of unemployment and underemployment in the U.S. It's global capitalism that's killing us! We have cheap Chinese products now, but low retail salaries as well. Our economy CANNOT support us anymore!

[xkater]

It is amazing how easily all too many Americans can be manipulated with (cleverly engineered) speaches and buzzwords. It has become an extreme sport to sway opinion and to play psychological warfare. The Neocons have taken this to a new level lately. Please, fellow Americans, learn to analize, think critically and do not let emotion dominate your thinking. Otherwise you will be tricked to vote against your best interest!

[gwangjuboy1]

Phil Gramm sponsored a bill which allowed investment bankers to earn billions underwriting and selling toxic private label mortgage-backed securities. Even after the proverbial brown stuff hit the fan he maintains that the repeal of Glass Steagal didn't contribute to the crisis. He should be investigated considering his links to subprime lenders who lobbied him to deregulate underwriting standards in the private mortgage market. I can't believe Americans haven't demanded at least that much.

[pushycatpops]

Its 2011 and this bag of shit is still reaping destruction on America.

This guy is the lowest piece of shit, you can find.

Republicans (Bachmann) still support him and help aid this guy in bringing the US to a great depression.

Graham could care less about the US, he is making a killing.

[StunnedByStupidity]

@2Hot2Fly2Much Yes dear having superficial charm is a defining characteristic of a psychopath... As is HAVING NO EMPATHY OR CONSCIENCE - which you are CLEARLY showing by defending this scumbag and ignoring the appalling suffering created by this slimeball... Defending a powerful person in the face of glaring wrong doing is also a sign of being a high scorer on the 'Right Wing Authoritarian' scale. See John Deans book 'conservatives without conscience'.

[Chidanandaji]

I compiled a blog which includes my take on the declining corporate tax rates in the 34 OECD member countries. Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".

[geminidave]

Gramm makes me embarrassed to be a Texan. I always wanted to puke when I saw his dumb ass on TV. He should be shot in the head like the rest of the conservative scum.

[mediblue9]

he's a abysmal

[OrmEmber]

Don't you love it? First, Phil Gramm weakens regulations as a senator, then lobbies Congress on behalf of foreign banks like UBS to eliminate regulations altogether. How many families lost their homes and their dreams as a direct result of Gramm and McCain, to the benefit of foreign money?

I wonder how much money Gramm got for it? How much enjoyment will this old man get out of spending his bribe money? Hope it's worth all the lives he destroyed.

[exbronco1980]

if mccain was pres now there would be no way we could avoid another great depression

[exbronco1980]

mccain should be the rep nom in 12, lol

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