Phil Gramm sounds like a man who makes plenty of money he doesn’t have to work for.
Please don’t shoot the messenger.
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.
Sounds to me like Gramm made an honorable, campaign-savvy decision. Whether true or not, his words were a distraction.
In a sense they cut both ways. The economy that is projected by economists, the fed, and major financial players is an economy that is still “growing,” so there is no crisis with the economy.
The economy that most independent and middle class voters is facing is a lousy economy with runaway inflation. For whatever insane reason, economists don’t include items like food and fuel in their inflation statistics, so they can proclaim a strong economy when it feels like hell to those living on the consumer side of it.
Fuel prices are out the roof, food and basic items have followed fuel up, and those precarious incomes that worked as a source of food, clothing, and shelter are now too low.
It’s not whining for those folks to be POd about prices and the “lousy economy.” And that’s why at this time Gramm has made a gaffe, and he’s gonna have to bite the bullet.