Thursday, July 10, 2008


Per Max Bergmann, this should have been the week that ended McCain's Presidential hopes -- so many gaffes, indications of sub-par skills, knowledge and judgment.

But the finest has to be McCain's Jimmy Carter "malaise" moment, when his economic adviser, Ex-Senator Phil Gramm (R-TX) who's part of the sub-prime debacle at UBS and who's wife did quite well on the Enron board, had this to say about our recession:

“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.

Easy for a multi-millionaire to say! UPDATE: Video version:

At first the McCain campaign supported the statement, then came the flip-flop as McCain claimed:
"I strongly disagree" with Phil Gramm's remarks, McCain told reporters in Belleville, Mich. "Phil Gramm does not speak for me. I speak for me."
Then why send him out today to the Wall Street Journal to speak for you?

The fact is, multi-millionaire McCain has previously said that our problems are psychological, making me wonder if he's going a little "psychological" himself.

As for Obama, it must have been a relief to take up this gaffe after a bruising FISA week, and he seems genuinely loose, funny and (most importantly) connected again:

For comparison, McCain's response:

Which one looks ready to lead America and the World out of the reactionary Cheney-Bush years, and full-blazing into the 21st Century?

No comments: