...You may have lost your job or the family home. Or maybe you’re behind in your car payment or your health insurance premium. Perhaps you can’t afford the gas to get to work.
Phil Gramm will have none of your complaints: Get over it! Stop whining and eat your gruel. This recession’s all in your head.
...Mr. Gramm, a close friend of Senator McCain’s for many years, has had a very loud say in the economic policies of the McCain presidential campaign. And those policies are an extension of the G.O.P. orthodoxy that is threatening to sink the ship of state, even as the very wealthy are dancing mindlessly to the music of another Gilded Age.
In the real world, somewhere outside of Phil Gramm’s field of vision, increasing numbers of Americans are working two and three jobs to make ends meet; struggling families are worried sick in July about what it will cost to heat their homes in January; food costs and home foreclosures are soaring; the job market has tanked; and the stock markets are running with the bears.
In that kind of atmosphere, it’s beyond obscene to have to listen to some platinum-card-carrying fat cat tell us, in a tone dripping with condescension: “You’ve heard of mental depression; this is a mental recession.”
... The biggest failing of both parties in this presidential campaign has been the unwillingness to be forthright with the public about the true extent of the crises facing the country. The federal government and ordinary Americans are up to their eyeballs in debt. Much of the financial sector is in deep trouble, with previously blue-chip companies wobbling along on legs as rubbery as a bad check.
Perpetual war in Iraq and oil prices spiking toward the moon are adding to a sense of national paralysis. Where is the money to invest in ventures that will create good new jobs, that will chart new directions in energy self-sufficiency, that will revitalize the public schools, rebuild the nation’s infrastructure, put New Orleans back on its feet?
Where are the grand ideas, the ideas worthy of a great nation?
...The Democrats, timid as always, should be pounding the populist pavement from one coast to another, explaining how the reckless and deliberately inequitable policies of the past several years have gotten the U.S. into this terrible fix.
We should be getting chapter and verse about how badly the war in Iraq is hurting us here at home. We should be seeing charts and graphs explaining how ordinary Americans, now the hardest-working people on the planet, have been cheated out of their share of the extraordinary productivity improvements they’ve racked up over the years.
There should be a sense of urgency coming from the Democrats in this campaign, a clarion call compelling enough to rally the legions who have been treated unfairly and badly hurt in the nation’s other undeclared war: the class war.
Phil Gramm was a general in that conflict, and there was nothing cute about it.
Was? He's Chair of McCain's campaign. I'd say he's still in the middle of it.
From Joe Conanson:
..."I want to predict here tonight," he said on the evening that Clinton's budget passed in the spring of 1993, "that if we adopt this bill the American economy is going to get weaker and not stronger, the deficit four years from today will be higher than it is today and not lower ... When all is said and done, people will pay more taxes, the economy will create fewer jobs, the government will spend more money, and the American people will be worse off."
...Gramm was not the kind of economist whose convictions are shaken by evidence, no matter how compelling. So obsessed with protecting bankers from government oversight was he that when Clinton tried to place stronger controls on terrorist money laundering, Gramm opposed even that measure as a "totalitarian" incursion.
Before he retired from the Senate in 2002, he wrote the Gramm-Bliley bill, an act broadly deregulating the financial industry -- and now blamed by many economists for the epidemic of speculation and fraud that has shaken the global economy.
Touting those changes as a way to "modernize" American finance for a global future, Gramm said they would bring wonderful new efficiencies and savings to consumers. As with the energy deregulation that he sponsored -- which was supposed to bring lower prices and better service, but led to blackouts and price gouging -- those economic wonders never quite appeared. The damaging effects of banking deregulation took nearly a decade to be felt, but whether we have experienced the worst still remains to be seen...
Like Clinton, Obama's a shameless panderer to the Company. The Aristocrats wouldn't have let him get this far in the Presidential campaign if he wasn't. The Endless War won't end with the Democrats, it'll just be simmering on low burn. The economy won't be perfect under them either. The robber barons will still own everything, but chances are they'll leave you enough gas money to get to work.
The McCainiacs not only think the world is flat, they're going to sail off the edge just to prove it to you.
No comments:
Post a Comment