McCain’s Economic Crony Phil "Foreclosure" Gramm (R-Enron) wants you to know that the economic pain you may think you are feeling is all in your head. To wit:
"You’ve heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven’t had one yet."
"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said….
Yep, those high gas prices, increased energy costs, skyrocketing food prices and shortages worldwide, and all the resulting belt-tightening? It’s just mental according to Foreclosure Phil, because of that whopping 1 percent jiggered, anemic growth rate he touts. Oh, boo yah, what…a…success. Of course, McCain’s been saving his pennies by having the media buy his donuts, so he thinks your economic woes are all in your head, too. (YouTube)
Having trouble making ends meet, even when you and your spouse are working two jobs each? You are just a whiner. Isn’t that nice to know? Thanks, Phil!
Must be one sweet vantage point behind wife Wendy’s Enron golden parachute, eh, Phil? Compassionate conservative, my ass. Wonder how that "it’s all in your head" attitude is going to go over in Ohio:
A third of Ohioans are unable to afford food, housing, clothes and other necessities. That’s 3.4 million people in households earning no more than 200 percent of the federal poverty level — $42,400 a year for a family of four — and a level economists say is necessary to cover basic needs.
Less than a decade ago, one in four was in the same boat.
With a tight state budget and projected revenue shortfall, Landsman and others on the panel cautioned that costly solutions are not viable options, at least in the short term….
During a two-hour meeting, the panel had little trouble outlining some of the problems facing Ohio families: the cost of living growing faster than wages; an expanding class of working poor; too many students dropping out of school; not enough summer jobs for teens; increasing home foreclosures; a growing immigration population; and unprecedented numbers of grandparents raising children.
And what to do? Many on the panel said federal poverty standards must change to reflect the reality that it takes twice the government-set income level to get by….
Hmmm…less than a decade ago it was one in four families. Let’s see…and McCain’s economic policies would be just like a third Bush term? I guess if we see problems in them, it’s all in our head, too. Gosh, that was easy!
But it ain’t all bad — as Brad says, "let them eat cake!" has an awesome ring to it! Of course, Gramm’s just following McCain’s lead — or is it the other way around? It’s so hard to tell, given the number of moneyed lobbyists riding around on the Sweet Talk Express with McCain’s ear these days. All the policy money can buy.
Guess some folks — the lucky few anyway — can take that to the bank.
UPDATE: cbl2 with the snark of the day: "Paxil Americana." I so wish I’d thought of that for the post title. Genius.



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We will get second quarter results within the next month or so I suppose. June was better than expected for retailers- partly because of the rebate checks…We may continue with a slight growth in GDP- and the third quarter results will come in just before the election- probably too late to make any difference.
Funny how all these wealthy lobbyist types have little to no compassion and an absolute tin ear when it comes to these sorts of statements, isn’t it? It’s almost like they re utterly out of touch with most of America…ahem.
Gramm is less human than most humans- approaching the sensitivity of bronze.
Compassionate Con-F*ck-you-tism strikes again.
…almost… out of touch?
Aren’t you the gracious person today!
Poverty, trickles down.
Not so much gracious as trying to be snarky with my understatement. *G*
Oh, oh, oh, oh. There is a God. My bank statement is all in my mind. That my pathetic little retirement account appears to be tanking is all in my mind! The $30 bucks it takes to fill my small, fuel-efficient car is (class?) . . . That a gallon of milk costs as much as the gasoline? Fah.
Phil Gramm is my new hero. I feel SO much better.
MOre on the Gramms and how citizen’s have been (use apropos adjective here):
http://www.democracynow.org/20…..washington
“Gramm is less human than most humans- approaching the sensitivity of
bronzetin.” He has a cheap heart.Heh!
Hubris seeks it’s own level.
I’m off to the grocery store where I imagine prices will be up 50% or more. And I’ll be burning make-believe $4 gas to get there.
Can I has cheez with my whine?
Why does Phil Gramm hate the tro(ll)ops?
“I’m good enough, I’m smart enough, and goshdarnit, people like me!!”
wow. recession done gone!
Thanks Phil!
Love, Recovering Whiner for McCain
Going back to Obama’s remarks in PA about people fixating on gays and guns instead of their own economic self interest here is a perfect example of how the Goopers kick up a shit storm over a true remark and then get a free pass when an idiot like Gramm makes a dumbass comment like this one. Any media outrage about his remark yet?
These guys are so out of touch it’s ridiculous. In the course of two days you have McCain calling Social Security a disgrace and now Phill Gramm saying that the bad economy is all in our heads.
Yet Obama is somehow “unAmerican”
This whole fucking process makes me want to puke.
have you had your daily snark vitamin yet?
Clap to save
Tinkerbellthe economy. It is the Shock Doctrine masquerading as the Tinkerbell Philosophy.I said this earlier this morning,
“Are you sure this whole McCain campaign isn’t an incredibly rich satire?”
it’s like a trash novel plot
The message from Enron type con artists is “keep buying the stock that we keep selling so we make top dollar. Thanks America.”
Anyone watching McCain’s townhall meeting? I’m at work so it’s muted but the body language says he’s not happy.
What would it take to caption those videos?
It’s good to be the king.
And yet he and Obama are running a close race right now. I tell ya, it would make my blood boil IF I didn’t have McCainonomics to help me stay the course.
The real sucker punch is that people will buy this crap.
I’ll vote for the lifestyle I want versus the lifestyle I’m living. I can’t admit I need some relief here, that’s so losery and unamerican.
Oooh Phil, how very bold and so unlike the prozaic dire pronouncements with such a zolofty goal for the Nation as well – Paxil Americana !
I have to agree with Gramm on this. He is mental. And he and McCain are about as recessive in their thinking as you can get. So with their expertise, they must know.
Good, I was worried that I ws really paying $4.29 at the pump! Now I know it was only in my mind.
LOL! You win a punaise award!
Paxil Americana I love it!!!
Think he has some stock in the drug companies?
It’s amazing what a Senior Vice President of an international banking conglomerate can think up. His Mental capacities are truly awesome in their ability to understand the repurcussions of the policies he has championed for years. I am continuously overwhelmed by how the instant accumulation of wealth in return for access to power can transmorgrify the cognative ability of so-called conservatives.
What is truly amazing is that Saint John McCaint still has such a debunked lobbyist and corporate shill advising him.
Alas, nothing that comes out of the Saint John McCaint campaign should surprise me.
I wish I could fill up for $30. I’m paying $45 to fill my Prius. (it’s been $4.79 in So. Cal for a while now).
Those lottery winnings the McSame voters probably dream about are all in their heads, and so is the massive public support the GOoPers think the war has.
I wish McCain and Gramm were fig newtons of my imagination, like the Congressional Democratic spines.
The only reason Bush backed the economic stimulus was to avoid falling into the technical definition of a recession during his term. I think most of what Paulson and Bernanke have been doing can be seen in the same light. As for many Americans, they have been living in a recession economy during most of the Bush years.
I would just add this again from my scandals list about job creation under Bush to underline my point:
I payed $4.73 a couple days ago, here in NorCal. Or maybe I imagined the whole thing…
I paid $4.99 the other day and I would like to take old Phil grocery shopping with me. He might get a few surprises – it wouldn’t make any difference to him, but I might shake him up a bit.
Someone at DKos suggests that Obama should immediately call McCain an elitist.
Works for me.
thanks (((Christy)))
You are most welcome. Made me laugh out loud. A lot. (And I needed it!)
grocery shopping, what’s that?
“Garcon! where’s my Lobster Thermidor?”
Along the same line; oil is up $1.75 today! But there’s a bright spot on the horizon! *gasp* Live cattle is down $.15!
(Sorry for the abuse of exclamation points!)
Remember when George Bush, Sr., went to the grocery store and had no clue what the price scanner was? He was utterly confounded by it.
McCain’s campaign keeps making those sorts of gaffes over and over again. And in the press? They pop up, only to disappear as though they never happened. Must be something in the donut sprinkles…
We, the people, are paying interest, $2-3 billions a day, to private bankers for the privilege of borrowing our own money. This is unnecessary.
The government can issue all the money the country needs without interest.
We must close down the FED and take back control of our money supply.
Shorter Phil Gramm: “Let them eat McCain!”
Seriously, the whole Beltway Aristocracy is so separated from average Americans that we might as well call ourselves serfs.
OT – I’m sure everyone will want to tune in (MSNBC) to watch Georgie (and Darth is there too) sign the FISA bill. Thanking Reyes, Hoyer, Rockefeller among others…
And linking it all back to 9-11.
hooray for us. /s
Mental recession? I believe Phil “balanced budget amendment” has discovered that his mental faculties have receded to, uhm, his scrotal sac or something. He has been a pompous blowhard on the economy for decades, and is still wrong. And I am a native Texan, and know from pompous blowhards – but he is in his own separate class.
How can we do that though? That idea would work, hypothetically. But in it’s execution you would eliminate hundreds of thousands of jobs in the financial sector and wreak havoc on the one percenters. The main problem I see with this proposition is that the people we’d need to take action are the ones that would be hurt. The people that spend in millions and chatter in billions aren’t willing to go back to spending in thousands and chattering in millions. They’re greedy, just plain greedy, and it’s bleeding us all dry.
I wonder if Phil consulted Dicky Flatts about this?
Do they teach economics in the second grade? If so, this could explain a lot.
Gramm’s remarks are so assinine and insulting that it leads me to believe that maybe his disconnected from reality diatribe was planned and intentional, produced by the campaign to take the attention away from McCain’s gibberish about Social security yesterday. They know how stupid John’s remarks are (on a daily basis) that they need to send soldiers out to fall on their sword to draw attention. One day John slips up w/ a dumb answer to a question so send out another person to start a fire somewhere else?!?!? They really are runnning a horrific campaign overall.
My favorite part of all this:
Gramm’s claiming that growth of “about one percent” is just fine.
Folks, anything less than two percent growth per year is DEPRESSION territory. Two to 2.75% is major recession, 2.75 to 3.00 is plain old slow growth.
Consider that the economy’s average growth rate for the seventy-five years from 1929 to 2004 — a period that includes all of the Great Depression — was 3.6%, and you’ll get an idea of how badly Gramm’s garbage stinks.
I heard John Thune (R-SD) yesterday on NPR praising Obama for his FISA stand. It says a lot that whacko Republicans approve of what Obama did.
They are running a horrific campaign. Didn’t Dubya do the same thing in ‘04? This whole rhetoric has worked in the past, so the repugnicans are doing it again. They have seriously underestimated the power of the internet, the motivation of the DFHs, and the intelligence of Americans overall. I think the entire campaign is operating on the assumption that the electorate that put them in office 4 years ago is still that dumb. The good news for us is they’re not, no matter how much MSM tries to keep them that way.
Anyone notice how the media including the BBC are playing up Iran’s missile tests? Last month Israel ran a big exercise with more than a 100 planes over the eastern Mediterranean that was described as a dry run for an attack on Iran. It was mostly met with yawns from the media. The Iranians fire a few missiles this month in response to the Israeli exercise and to show a retaliatory capacity if Israel attacked and this is portrayed as provocative.
I look forward to McShame’s proposal to cure the “mental” delusions of 35 million “food insecure” Americans. Arsehat.
Oh, by the way, from yesterday’s WSJ, print edition,
“Indeed, the newest report by the USDA shies away from using the term hungry in favor of the phrase “food insecure” even though it is the same group covered in earlier reports: people consuming less than 2,100 calories daily.”
Yep.. mental solutions for mental problems.
Recession is two consecutive quarters of negative growth. There is no standard definition for a depression- but it’s got to be a lot worse than a recession.
I don’t know about dumb but I would say that the American electorate is tired, of Bush, Cheney, and their failures. This is what makes Obama and the Democrats’ pandering so frustrating. Americans are signaling like crazy they want something different and Obama and the Democrats are trying to show madly that they are as close to the same old thing as possible.
If McCain prevails, cheap whine will be available at the 1600 Pennsylvania Ave beer outlet.
Exactly. The US press largely ignores it when John Bolton says that Israel’s going to attack Iran in November if Obama wins (because they know he wouldn’t approve a US attack), yet when Iran responds by reminding Israel that they have missiles capable of hitting Tel Aviv, suddenly that gets tons of US airplay.
I heard John Thune (R-SD) yesterday on NPR praising Obama for his FISA stand.
Standing by for the approving messages from Kit Bombed, Hatch, Coburn, and the rest of the members of the “Ultra-Nuts” wing of the Repub party?
“Stand” isn’t anywhere near the top of my list for describing Obama’s performance re FISA.
Oh, I’m pretty sure a Depression is when you have 1% growth, wild fuel price inflation, a mass media that is a corporate propaganda tool, a crazy warmongering coot running for the Presidency, and a Democratic candidate who votes for FISA.
At least I’m pretty depressed!
they’re catering to people like my parents, who live in a permanent bubble of platitudes and propaganda. My dad actually said the other day that we need to “guarantee” McSame’s election with a constitutional amendment requiring military service for anyone running for the presidency.
We fought and won the American Revolution with colonial dollars. Lincoln won the Civil War with government paper and greenbacks. Our government has a long history of issuing money and controlling the money supply.
The private bankers are draining this country dry with contrived boom and bust cycles, and wars. These bankers initiated NAFTA and GATT which has cost this country millions upon millions of jobs.
Control of the money supply is the key to our prosperity.
(((Blub)))
I’m even cynical enough to think that the timing is so convenient. Just in time to help Bush push the missile shield into Poland. We still have our half of the Iran-Contra gang in power, where is the Iranian half — are they still in power or influence in Iran?
Arms dealing is big business and ideology easily comes second to such big profits for those guys.
Oh I feel your pain!
My koolaid drinker, who carefully avoided service, would totally agree. Yes, he had other priorities.
I don’t get it, but apparently many other americans do. Maybe it’s a macho or faux macho thing.
Right on cue. Campaign makes the fire to draw attention away from Mccain’s dumb S.S. remarks and now wants to distance John from Gramm’s mess…
In an interview with the Washington Times yesterday, Sen. John McCain’s “econ brain,” former senator Phil Gramm, complained that America has become a “nation of whiners” over the economy because he believes “the economy is not as bad as you read in the newspaper every day.” “This is a mental recession,” said Gramm. Now, McCain’s campaign is distancing itself from Gramm, telling MSNBC that the “comments are not representative of John McCain’s views.”
Our media have the attention span of my 4 year old. God they suck!!!
couldn’t agree more!
Obama laughing about Phil Gramm’s “mental recession” and McBrain’s ideas re energy proposals which would provide “psychological benefits” (only).
“We already have one Dr. Phil!”
OT – From TPM: Off to Alaska! Going North the Rush is On!
All meat is being ‘liquidated’ because of the cost for feed; if you’re meat eater, get a freezer and stock up because once the liquidation is done, meat will skyrocket. Maybe that’s a good thing though; more vegetarians.
OT (again – sorry).
After insisting for nearly two years that impeachment was strictly “off the table,” House Speaker Nancy Pelosi may be changing her tune.
imo, she hasn’t changed the tune much, and she’s still pretty flat, but at least she still recognizes the word “impeachment”?
http://rawstory.com/news/2008/….._0710.html
Please see the concierge for your tin-foil hat.
And why is this “like my parents, who live in a permanent bubble of platitudes and propaganda.”?
As I have commented before Miss Nancy is facing a primary fight against Cindy Sheehan. Even the Armani-clad Madame Speaker isn’t dumb enough to miss the fact that folks around her district are really, really pissed at her.
And they are gearing up to show her that.
McBush fucks up daily- this is just another in a long list of campaign misfires…even his supporters have to be wondering what the hell kind of a president he’d make after fuckin up his campaign this badly…he may be worse than Clusterfuck
The primaries are over in California- so Pelosi cannot be facing a primary fight THIS election cycle.
McBush fucks up daily
McLame – “Phil Gramm doesn’t speak for me.”
Apparently no one does, ’cause JohnnyMac can’t seem to speak for him(self) either.
McBush defends Gramm’s remarks initially- and then begins running for the hills sayin that the candidate doesn’t agree with Gramm…
What a fucked up campaign!
Bear in mind that McBush now has a Clusterfuck veteran running his campaign from hell.
I get the feeling that McCain may be resembling Fred Thompson more and more, mumbling through his speeches, hoping he won’t miss his nap and that somebody will wake him when it’s all over.
I think he makes Thompson look energetic by comparison…He keeps creating little pieces of video that will show up in October as a “greatest hits” campaign ad…whadda loser!
Obama got lucky in the draw of opponents. Who knew that dems would get to run against Dole twice?
Sheehan is running as an independent.
http://www.cindyforcongress.org/
Really?
Then what pray tell is this all about….
The level of knowledge here about what goes on in the Left Coast is, I have noticed before, really low. I understand that all politics is local but really….
….don’t you think you ought to know something about what’s going on politically in the worlds 8th largest in the world?
Despite what they say, ‘Ignorance is not bliss…’
Then it’s not a primary fight.
Yep.
And she’s got a shot. Would have more if folks stopped guzzling the CW Kool-Aide that, ‘Nancy cannot be beaten….’
Yep….you were right.
So what?
The point is that Pelosi faces and electoral opponent. Someone who could take her seat.
That is about a general election challenge- not a primary fight.
Seems to me that you should examine your own ignorance before accusing others.
OK, I’m confused. Is Cindy challenging Nancy pelosi as an independent? And is Shirley Golub running in the same district?
Why do you hate civil discourse?
It looks like Golub challenged Pelosi in the Dem primary and lost; Golub was supported by ‘Act Blue’.
Milton Friedman, American Nobel Laureate economist and public intellectual, said, ”The Federal Reserve caused the 1929 Depression.”
Amen.
Are you a Friedman fan? Father of modern american conservatism?