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This needs no introduction; you all know what I'm talking about. Phil Gramm said we're in a "mental recession" and called Americans "a nation of whiners." And McCain says Gramm doesn't speak for him? Gramm was doing an interview in his capacity as national co-chair of the McCain campaign. A lesser party would ask, "Why do John McCain and Phil Gramm hate America?" I'll simply ask why this isn't being shouted from the rooftops like Obama's "bitter" comment.
Oh, and did I mention Gramm will continue to be a national co-chair of the McCain campaign? Out of touch, out of time.
Incidentally, putting aside for the moment the outrageous "nation of whiners" and "mental recession" bits, how can anyone who thinks "We've [America] never been more dominant. We never had more natural advantages than we have today." be considered an expert on the economy? Even the most basic understanding of globalization leads to the obvious conclusion that we are rapidly losing our dominance and our advantages, let alone the standard of living of our average citizens.