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Phil Gramm Steps Down as McCain's Economic Adviser

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July 18, 2008 9:39 PM

ABC News' Jennifer Duck reports: A top economic adviser to Sen. John McCain stepped down just over a week after labeling America a “nation of whiners” and saying the country was in a “mental recession.”

“We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, America in decline," Phil Gramm told the Washington Times in an interview last week. "You've heard of mental depression; this is a mental recession."

McCain immediately tried to distance himself from the former Texas Senator who traveled frequently and advised the presumptive Republican presidential nominee on the economy.  "Phil Gramm does not speak for me; I speak for me," McCain declared after hearing Gramm's comments last week.

"I think Sen. Gramm would be in serious consideration for ambassador to Belarus,” McCain joked, when asked if Gramm would be considered for a role in his adminstration if elected. “Although I'm not sure that citizens of Minsk would welcome that.”

In an attempt to clarify his remarks, Gramm said he was referring to the nation’s leaders being a “nation of whiners,” not American citizens.

However the clarification wasn’t enough to stop the critics' attacks.  Gramm explained he wanted to “end this distraction.”

“It is clear to me that Democrats want to attack me rather than debate Sen. McCain on important economic issues facing the country. That kind of distraction hurts not only Senator McCain's ability to present concrete programs to deal with the country's problems, it hurts the country,” Gramm explained in a written statement.

“To end this distraction and get on with the real debate, I hereby step down as Co-Chair of the McCain Campaign and join the growing number of rank-and-file McCain supporters," he explained.

The Barack Obama campaign was quick to react to Gramm’s departure. 

“The question for John McCain isn’t whether Phil Gramm will continue as chairman of his campaign, but whether he will continue to keep the economic plan that Gramm authored and that represents a continuation of the polices that have failed American families for the last eight years,” said Hari Sevugan, Obama campaign spokesman.   

July 18, 2008 in Hunter, Duncan | Permalink | User Comments (15)

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He will still be advising McCain, just not in public. Those two are like brothers. So he will be heard but not seen. Nothing has changed. Gramm could give two cents for what you think and McCain is the same. Not to say Obama is any different; You don't please the masters by tweaking their nose. Since the nomination Obama has reneged on everything he ran for and has fallen in line. Wright was right. He's just another politican who willingly sellout anything or anyone, to serve the will of the money masters. McCain did it from the get go. Obama "cahnged" his tune after he met the boys at Bilderburg in Chantilly, Va, and he hasn't been the same person or canidate since. Expect four years of the same. The faces may change, but the policies will not. Your will doesn't matter, and it never did. The election is just to give you the illusion that you have a say or a choice... You don't. Carlin was right.

Posted by: jeez! | Jul 18, 2008 10:05:49 PM

Phil must be packing for his upcoming post in Minsk. Too bad he didn't quit sooner, he might've been able to hitch a ride with the Obama entourage to Iraq, then catch the double talk express bus straight to Belarus.

Posted by: wassup | Jul 18, 2008 10:20:39 PM

McCain through his economic advisor thinks inflation and unemployment is a mental illness... Combine this with Mccain fundamental misunderstanding of who were fighting in Iraq and that makes him 0 for 2 on the war on terror (i.e. YOU!) and the economy... I don't think we can afford a McCain presidency. Not that Obama can be all that much better since he has some (cough 300! advisors to/in his campaign) Oh boy folks, hold your nose. You may wanna sit this one OUT. We can have a broken economy and further expansion of perpetual war in IRAN. (McCain) Or a broken economy, further defict spending on ineffecient programs and more perpetual war in Pakistan, Afghanistan, and continuing in Iraq. (Obama) wher's the "change." Which one of these guys will get to implement the policies of the 3rd BUSH term? I think we're better off voting for anybody else than these two, or not at all...

Posted by: jeez! | Jul 19, 2008 1:21:34 AM

I always knew that Phil Gramm was a blithering idiot, but now this proves it! I suppose the collapse of all these banks and mortgage companies is a figment of our imagination too! He probably gets a special stipend from the big oil companies so he doesn't have to pay the nearly $5 a gallon gas prices either! Geesh, get real!

Posted by: Allen C. Morse III | Jul 19, 2008 4:29:18 AM

Allen, that's funny, "special stipend". He don't need no darn stipend! Gramm has so much of our hard-earned money, he can drive around the world in a humvee, towing a motor home and pleasure boat - and joyfully running over all those sick and elderly and poor people dazed as they try to just get cross the road. But I'm sure he'd rather just fly over the masses in his private jet - like his buddy McC, only he doesn't have to ask his wife for permission.

Posted by: VCubed | Jul 19, 2008 5:33:28 AM

Gramm is also VP at UBS- the Swiss arm just got busted big time as a big tax shelter for wealthy Americans.

Gramm also gave us the "Enron Loophole" that screwed so many and was a cheerleader for the "financial innovations" that caused the sub-prime meltdown.

The man is the father of socializing debt and privatizing profit- a big pig at the public trough.

Posted by: Becca | Jul 19, 2008 6:58:49 AM

It doesn't make a difference as far as I'm concerned. You don't have a chief economic adviser that you strongly disagree with. Gramm's positions are in keeping with McCain's views. His approach to the subprime mortgage crisis was essentially "it's your problem; you were irresponsible." Then he adjusted his position somewhat because there was a strong negative response to his plan to blame people and do nothing. McCain doesn't understand a thing about the economy--and despite the impression that some may have, he's no guru when it comes to foreign policy either.

Posted by: mary | Jul 19, 2008 9:32:21 AM

It all comes down to whether or not you think we should continue the bush policies. If you think the war should continue indefinitely, while we spend $10,000,000,000 a month, and you think that bush has done well with the economy then mc-more-war is your man. If you think that it's time we start to get out of iraq and do some positive things for the average American instead of just the top 1% then vote for Obama.

Obama will be GREAT in 2008!!!

Posted by: pt | Jul 19, 2008 11:31:55 AM

Just because mccain is Old does not mean he has good judgement. Look what we got with Old man cheney and old man rumsford. mccain used to have a spine but now is nothing but a flip-flopper and a panderer. He's also an OLD fart. The real straight-talker, John Murtha said that the Presidency is no place for an OLD man. There's a reason they make pilots retire at age 60. mc-more-war needs to retire with his millionaire wife. (The one he had an affair with after his first wife waited for him to come back from the war.) Obama 2008!!!

Posted by: pt | Jul 19, 2008 11:35:27 AM

The funny thing is most people think Phil was right. A Time magazine poll said 61% said he was right on!

President McCain - get use to it!

Posted by: Jo | Jul 19, 2008 12:32:43 PM

Gramm and McSame -- two peas in a pod. With the way the campaign is going, it looks like Obama is about to slam McSame's head through a basketball goal. JANUARY 20, 2009, SEN. BARACK OBAMA BECOMES PRESIDENT BARACK OBAMA and the world relaxes as the neocons slink back into their holes. Obama 08!!!

Posted by: caliguy55 | Jul 19, 2008 7:09:58 PM

Gramm didn't step down because of the "whiner" remark thats just the spin reason. Gramm is hip deep in the IRS investigation of rich American's evading taxes by hiding money in Swiss & Lichtenstine banks. As Gramm is a vice president of one of those bank Swiss UBS I can just imagine the questions the IRS has for him? Good luck creep and good riddence.

Posted by: M H | Jul 20, 2008 1:18:02 PM

read your own post. he didn't step down as an advisor, he stepped down as co-chair.

he's still advising mccain, he's just not speaking for him in public anymore.

Posted by: jrcjr | Jul 20, 2008 10:35:49 PM

Ironic about Gramm's resignation from being out in front; he did it whining!!

Posted by: Paulet | Jul 21, 2008 4:37:16 PM

these clowns need to worry about GITMO war crimes trials and UN tribunals arresting RADOVANS because when the shoe fits, gramm and the bushbaby are going to be quite a good fit to be TRIED bunch of goosteppers...

Posted by: daddyblue | Jul 22, 2008 5:03:40 PM

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