View Full Version : Who's Whining Now? Gramm Slammed By Economists

09-19-2008, 04:20 PM
Talk about words coming back to haunt you.

http://www.finheaven.com/images/imported/2008/09/gramm_wallst_080918_mn-1.jpgPhil Gramm's comment about "nation of whiners" come back to haunt McCain campaign during current finance crisis.

Phil Gramm, John McCain's former economic adviser, left the campaign in July when he tried to counter criticism of the Republican candidate's economic policies by asserting that the country "had become a nation of whiners" in a "mental recession."

Even McCain came forward to say that he disagreed with Gramm's remarks, adding that someone who'd lost their job "isn't suffering from a mental recession."

And Barack Obama is using Gramm's comments and his support of deregulation, which prompted some of the risky lending that caused the current financial crisis, in a new TV ad that questions McCain's ability to handle the economy.

"They think the economy's fundamentally strong," intones a voice-over in the ad. "We know they're fundamentally wrong."