EconWatch.com > McCain rebukes Gramm on economy

Politico Top Storieshttp://www.politico.com/blogs/jonathanmartin/0708/McCain_forcefully_rebukes_Gramm.html [Politico Top Stories] If any reporters want to actually do their jobs and follow this story past one day - as they doggedly pursue every single utterance from Obama - they will find that John McCain has mentioned the word "psychological" many times on the campaign trail when talking about the economy. Phil Gramm is his main economic advisor and he has been in McCain's head years.

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TPM Election Centralhttp://tpmelectioncentral.talkingpointsmemo.com/2008/07/top_mccain_surrogate_describes.php [TPM Election Central] McCain's Top Economic Adviser Describes "Mental Recession," Calls ...: OK, when I go to fill up my tank with gas and go to buy groceries tomorrow, I'll give them 80% of what shows up on the cash register, and tell them they have a psychological issue, and Phil Gramm says to stop whining about it and buckle up. And, by the way, you should be glad to get what I'm offering;

WSJ.com: Washington Wire - WSJ.comhttp://blogs.wsj.com/washwire/2008/07/10/mccain-gramm-does-not-speak-for-me/ [WSJ.com: Washington Wire - WSJ.com] McCain: Gramm ”˜Does Not Speak for Me’: “I believe the mother here in Michigan and around America who is trying to get enough money to educate their children isn’t whining,” he told reporters. “America is in great difficulty and we are experiencing enormous economic challenges as well as others.

Kudlow's Money Politics[Kudlow's Money Politics] My Interview with Top McCain Economic Advisor Phil Gramm: Kudlow: Before we get back to stimulating growth and investment which is always a heck of a good idea, let me ask you about Ben Bernanke. In his speech yesterday, this was a speech heard ‘round the world, he said the Fed is going to have to accept the mantle of promoting financial stability, number one.

BitsBloghttp://bitsblog.florack.us/?p=10189 [BitsBlog] Attention John McCain: Gramm is correct.: Phil Gramm, a top economic adviser to presumptive GOP nominee John McCain, referred to the economic slowdown as “a mental recession” and called the United States “a nation of whiners.” The comments, in an interview with The Washington .

bloggingstocks[bloggingstocks] UBS exec and McCain advisor Phil Gramm: US is "nation of whiners": Slate.com also reports that UBS's asset management business is the subject of an ongoing federal investigation, in which Bradley Birkenfeld, an American UBS private banker who was arrested on tax evasion charges, has plead guilty and is cooperating with the government. Birkenfeld helped a client bring diamonds into the U.S. by shoving them in a tube of toothpaste.

PoliticalBase.com Bloghttp://www.politicalbase.com/profile/Mark%20Nickolas/blog/&blogId=2721 [PoliticalBase.com Blog] McCain Top Economic Adviser Says Recession Is "Mental", America ...: "In the short term I'd like to give you a little relief for the summer on the gas tax,' McCain began, referring to his controversial proposal to temporarily suspend the federal tax on gasoline. But then he made a surprisingly candid admission: 'I don't see an immediate relief, but I do see that exploitation of existing reserves that may exist -- and in view of many experts that do exist off our coasts -- is also a way that we need to provide relief.

THE GUN TOTING LIBERALâ™[THE GUN TOTING LIBERALâ™] McCain Adviser, Phil Gramm, Confuses United States Economic Growth ...: So after eight years of disastrous Republican policies, all the McCain campaign has to offer is a blame-the-victim, suck-it-up attack on average Americans. I’m sure a continuation of George Bush’s tax cuts ”” ya know, the ones that used to offend McCain’s conscience ”” will get us back on the right track.

The Carpetbagger Reporthttp://www.thecarpetbaggerreport.com/archives/16154.html [The Carpetbagger Report] McCain campaign scrambles after advisor’s ”˜nation of whiners’ remarks: Phil Gramm (R-Texas), described as John McCain’s “brain” on economic matters, and the man whose financial deregulation efforts make the market meltdown possible, told the far-right Washington Times that the economy is great;

Reidblog [The Reid Report blog][Reidblog [The Reid Report blog]] Phil Gramm thinks you're delusional: Gramm said the constant drubbing of the media on the economy's problems is one reason people have lost confidence. 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.

Articles Blog[Articles Blog] McCain disagrees with adviser’s ”˜whiners’ remark: - Republican John McCain distanced himself from an economic adviser who dubbed the United States “a nation of whiners” in a “mental recession”

The JCDC BLOG[The JCDC BLOG] McCain’s Chief Economic Advisor Calls America A Nation Of Whiners: In case you have forgotten Phil Gramm is a former senator who had close ties to Enron and Ken Lay and who left the Senate to become Vice-Chair of UBS, a giant Swiss Banking conglomerate that benefited from deregulation legislation sponsored by Gramm and his Republican cronies.  Now the SOB complains that we are all whiners because our jobs have been shipped to India, China and Mexico.  Oh, that boom in exporting is a direct result of the decline of the dollar.  It hasn’t yet translated into higher pay for American workers.

argmax Economics Webloghttp://www.argmax.com/mt_blog/archive/2008_07_mccain_advisor.php [argmax Economics Weblog] McCain Advisor: Stop whining about the economy: "You've heard of mental depression; this is a mental recession," he [Phil Gramm] 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.

The Blog from Another Dimension[The Blog from Another Dimension] McCain’s Top Advisor: Americans Are “Whiners,” Should Be Grateful ...: Now, the question has already come up: Obama caught hell for a full month or more for saying that some Americans are “bitter.” Now McCain’s top advisor has called all Americans “whiners” who don’t know what their own economic conditions are like.

Politico.com: Bloghttp://www.politico.com/news/stories/0708/11666.html [Politico.com: Blog] McCain rebukes Gramm on economy: Disagrees with adviser over state of economy. See also: Gramm calls slowdown 'mental' and Obama responds.

BlogJunkies[BlogJunkies] McCain Claims Gramm ?Does Not Speak For Me? On Same Day Gramm ...: Speaking today from New York, where he was meeting with the Wall Street Journal Editorial Board on McCain’s economic policies, Gramm said the nation’s economy was initially thought to have grown by an anemic 0.6 percent in the first three months of the year. That was revised up to 0.9 percent, and again to 1.0 percent.

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