I'd say this guy would fit the bill for either candidate.
Posted on 07/18/2008 5:11:48 PM PDT by Sub-Driver
There must be something more than what Gramm said during the past ten days to have this "resignation" occur. Some ill-advised client, something not discovered prior, something....
The evidence for this is? Unemployment near historic lows? An economy that's posted positive growth despite spiking energy prices? Gramm made the mistake of dissing the most sacred of political cows: The Whino-American. He should've made the point that our economy can't stand the pressure against contraction much longer and the Democrats need to stop trying to "Hoover" President Bush and start passing some energy legislation. His real sin was having a tin ear, but he was not wrong.
It no longer matters. With the help of the Obama campaign, the whining became too fierce.
LOL not with Gramm on board.
Apparently whining is both contagious and bipartisan.
Gramm works for UBS, the Swiss Bank that was helping American Millionaires hide their cash illegally in Switzerland.
I have had several serious meetings with local bank CEOs this week....some are very depressed...no joking.
Most of them have home credit market exposure....some like those at UBS, First Tennessee and Citi are spooked bigtime....they have lost their options, written off all their stockholder’s equity as in the case of UBS etc
US Bank and a few others like Comerica seem to have weathered it all.
Couple the credit crunch with the inflationary pressure of record energy costs and it’s a problem.
Period.
It’s a weird problem....banks have cash but are afraid to lend it for fear of future obligations and bad homeowner loans and inflation based rate hikes.
The Fed is scared of inflation but reluctant to raise rates because of credit crunch and financial instituions exposure.
It’s sort of a new paradigm with a fresh start learning curve.
and it’s an election year...
Today’s economy reminds me of my old days passing thru the Yucatan trench....murky, cloudy and messed up but doable.
I doubt that he quit...
Anyone speaking truth to the power (McLame) gets tossed under the bus. Whada maroon! He is more concerned with sucking up to dems than his base. Could cost him big time.
I'd say this guy would fit the bill for either candidate.
Another one that went to Washington a poor man and came out a millionaire. And he says we are "whiners". The whiners are sitting in Congress IMO. Washington politicians have no common sense after a short time, and cannot relate to the hard working American. Gramm needs to go tend to his knitting.
Any idea how close he was to Kevin Bacon?
He should have said: "Too many Arabs producing oil, and not enough Americans watching the shopping channel."
6
Maybe McCain fired him for whining.
Two words I will never forgive or forget: Gramm-Rudman.
http://lonesomemongoose.wordpress.com/2008/07/13/phil-gramms-enron-favor/
The one person in the Enron scandal whom congress is not likely to subpoena is its own revered Phil Gramm, the retiring Republican Senator from Texas. Gramm and his wife, Wendy, have tight links to Enron, Wendy being a director and Gramm the pusher of legislation that assisted the company during its troubles last year. In December, his press secretary denied the latter charge, saying, “Senator Gramm took no role, had no say, and did not vote on the energy futures provisions.”
That’s not the story presented by the D.C. watchdog Public Citizen, whose tale goes like this:
In an apparent response to a 1992 plea from Enron, Dr. Wendy Gramm, then chair of the federal Commodity Futures Trading Commission, moved to exempt the company’s energy-swap operation from government oversight. By then, the Houston-based Enron was a major contributor to Senator Gramm’s campaign.
A few days after she got the ball rolling on the exemption, Wendy Gramm resigned from the commission. Enron soon appointed her to its board of directors, where she served on the audit committee, which oversees the inner financial workings of the corporation. For this, the company paid her between $915,000 and $1.85 million in stocks and dividends, as much as $50,000 in annual salary, and $176,000 in attendance fees, according to a report by Public Citizen, a group that has relentlessly tracked Enron, which in turn has called the report unfair.
Meanwhile Enron had become Phil Gramm’s largest corporate contributor—and according to Public Citizen, the largest across-the board donor in its industry.
Phil is not suggesting that the economy isn’t in a slide. The economy just isn’t that bad if you have some historical context. If you do have some historical context then it is as plain as day; we live in a nation full of whiners. That’s not to say that everyone is a whiner, just that we have a vast number of them in this country. Most of them seem to work in the MSM. Phil was right, and McCain is silly for not standing by Phil’s remarks.
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