McMillionaire's Economic Adviser to Americans: Quit Your Whining About Economy
Phil Gramm, former Republican senator from Texas, screwed the American public while he was in Congress with his "Enron" loophole.
His wife, Wendy, also an avaricious corporate creature, sat on Enron's Board of Directors who were named in many investor lawsuits after Enron's collapse.
What was the Enron loophole that Gramm the Greedy and the Enron lobbyists created?
Here's a great definition from Jim Hightower, "mischievous mechanism known as the Enron Loophole.' This creates an electronic casino game, allowing global speculators to bet on the future price of oil, using a few facts, wild guesses, and chicken entrails as the basis for their bets, which artificially drive up the price of oil. Hedge funds at Goldman Sachs and Morgan Stanley, for example, own huge amounts of these oil futures, and they’re already accepting bets as high as $200 a barrel – a price completely unattached to the real cost of producing oil or to such niceties as supply and demand."
Well, No Integrity Gramm, chief economic adviser to J Sid "no regulation of anything" McBush has a message for Americans during this economic disaster: Quit whining!
From Think Progress: "In an interview with the Washington Times today, former senator Phil Gramm, who is Sen. John McCain’s (R-AZ) “econ brain,” blamed the state of the economy on “theconviction of many Americans that economic conditions are the worst in two or three decades.” “You’ve heard of mental depression; this is a mental recession,” said Gramm.
"Gramm decried the “constant whining” of the American people when it comes to the economy because he believes “we’ve never been more dominant”:
“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.
“We’ve never been more dominant; we’ve never had more natural advantages than we have today,” he said. “We have benefited greatly” from the globalization of the economy in the last 30 years.
"Despite McCain’s recent claim that we are in a recession, he has previously echoed Gramm’s diagnosis of the economy. In April, McCain said that “a lot of our problems today, as you know, arepsychological."
Gramm's arrogant comments illustrate just how much he and J. Sid despise regular, hardworking Americans and the common good. His deregulatory, no regulation loophole machinations helped cause this economic catatstrophe.
Gramm and McBush, both millionaire supporters and protectors of their fellow Bushite haves and have mores, given the opportunity, will ruin this country with their dangerous, damaging economic doctrine




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