Posted on 07/11/2008 5:59:27 PM PDT by Kaslin
Economy: Barack Obama is making hay out of McCain adviser Phil Gramm's unpolitic claim that "we've sort of become a nation of whiners." But Gramm is right that America's economic stature is underappreciated.
When Gramm gave a videotaped Q&A to the Washington Times last week, his sophisticated insights on America's economic role in the world were just what you would expect.
Unfortunately, Gramm, for the last year an economic adviser to John McCain, topped it off with a throwaway remark about us being "a nation of whiners" who don't realize what fundamental good shape we're in globally. Not surprisingly, Obama and other Democrats have jumped all over the ill-considered one-liner.
"We're in the midst of an export boom in manufacturing," Gramm pointed out. China and India's populations entering the global work force "greatly increased the supply of labor," and "almost everything Americans buy from China" is produced by American manufacturers utilizing Chinese workers.
The availability of so much new labor has meant that with America holding 60% of the world's capital, we have been huge beneficiaries, he added.
(Excerpt) Read more at ibdeditorials.com ...
Gramm is a fool. His comments validate that. He’s right up there with Larry Craig’s comments about his airport bathroom debacle. Obama has Reverend Wright but we’ve got Phil Gramm!
McCain’s temper is exactly what conservatives are waiting for.
Someone needs to be OUTRAGED over the outrageousness.
I didn’t watch the La Raza event.
McCain appears to be on some kind of drug.
His speech is painfully slow. Like Bush, there
are certain words he can’t pronounce.
Just who the heck is sedating our leaders?
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