Posted by: Sanity Rules | July 10, 2008

Phil Gramm – Speak the Truth Then Quickly Leave.

Phil Gramm made a major gaff in an interview with the Washington Times.  He actually told the truth.  Unfortunately the truth is a bitter pill that cannot be tolerated in an election year, so naturally McCain distanced himself from the remark and continued his pandering to a nation of victims.   

What Phil Gramm actually said was,“You’ve heard of mental depression; this is a mental recession,”  He noted that growth has held up at about 1 percent.   “We may have a recession; we haven’t had one yet.”  “We have sort of become a nation of whiners,” Gramm 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.

America has become a nation of whiners because we have been spoiled into a feeling of entitlement.  We are entitled to low priced gas, low interest rates, easy financing, low unemployment and never stopped to consider that all of these benefits were earned. 

The nation is no longer a producer, but a consumer.  As a nation of consumers, we are now at the mercy of producers.  We no longer produce our own oil, autos, steel or just about any other resource or commodity on the planet.  We have allowed our national debt to skyrocket and then whine that our currency is worthless.

There is a way out of this mess though and the plan is not the Obama Plan.  The plan is Reaganomics: Cut the Federal Budget, Cut Taxes, create incentives for home ownership and for small business and then surprise!  Revenues to the government increase, small businesses add employees and purchase equipment, people start buying homes again, home builders start to add employees, the employees start to spend their money on TV’s, Cars, Clothing, Entertainment and whatever else they can afford and then everyone starts working to produce enough product or services to meet the demand.

Obama wants to lead us down the road of socialism that has clearly been shown to be an economic failure.  McCain does not have the vision (or “balls” as Jesse Jackson would say) to develop his own plan and then clearly articulate it to the public.


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