Friday, July 11, 2008


(July, 11, NY, NY) It appears that with each passing day, each gaffe, misstep, miscue or tough question, the presumptive GOP presidential nominee is not only loosing his once Teflon luster but is being exposed as just another corrupted, arrogant politician whose time to retire has come. Once hailed as a “maverick” by the press and pundits, a darling of the media when he first ran for president in 2000, McCain is proving to be not just an inept campaigner but also a liar who surrounds himself with hand-picked cranks, crooks, cronies and ruthless morons so far out of touch with the reality of America today that they all might as well live in Oz. Indeed, the wizard of the “Straight Talk Express” is looking more and more sham than champion, less and less like an “outsider”, and as adept at the lie, extrapolation, exaggeration and hubris as the most masterful of politicians. The “Straight Talk Express” has hit the ditch and is picking up speed.

Thanks to his senatorial legacy and recent comments, top McCain adviser, former Texas Senator and ET look-a-like, Phil Gramm, is doing his best to run the McCain candidacy into oblivion. McCain once called Gramm, a PhD and former economics professor “a genius”, David Corn of Mother Jones Magazine has dubbed him “Foreclosure Phil.” In a brilliant expose’ by Corn published on May 28, 2008 in Mother Jones, the true legacy of Gramm is laid out in detail. From his crafty maneuvering of anti-regulatory, pro-business, loophole laden legislation, his relationship with lobbyists and Enron, who donated millions to Gramm over many years, his essential role in the current mortgage crisis and the global financial collapses roiling economies around the world to this day, Phil Gramm is among the most vile, corrupt, arrogant and pitifully ugly men to ever serve in Congress. The repercussions, the longevity of what Gramm managed to pull off in the Senate as well as while a consultant for banking giant UBS will take years to be appreciated. The number of homeowners destroyed? Who knows? Today, for the first time in 2 years the Dow Jones Industrial Index fell below 11,000 due in large part to the huge losses announced by Fannie Mae and Freddie Mac, the 2 huge mortgage lenders who function with an “implicit, but not assured, government guarantee.” Phil Gramm has his fingerprints all over the legislation that set up this disaster.

This economic powerhouse, McCain’s “genius” may be the single most responsible person for what has the potential to be a systemic economic collapse that reverberates through banks, markets and economies across the globe. Yesterday, Mr. Gramm called America a “nation of whiners”. He was further quoted as reported in today’s New York Times in a piece written by Michael Cooper as saying that the United States was only in a “mental recession”. Candidate McCain, speaking in Belleville, Michigan, a state hit particularly hard by job losses and an economic recession, tried to distance himself from his good friend and economic adviser’s comments. One laid off manhole cover fabricator, Stanley Browserka, upon being told about Gramm’s comments said, “The only time anyone I know whines, especially my children, is when they see his big, ugly face on the TV. He scares the hell out of them. Me too”.

The incoherence of message, the disarray in the McCain campaign grows more profound every day. Reporters traveling with McCain have noticed increasing episodes of mood swings, beer drinking and talking to himself. McCain was allegedly overheard by a reporter saying that “I would like to cut the nuts of a bunch of people. Maybe cut the ears off some one too.” The Democratic candidate, Barak Obama, on the stump in Fairfax, Virginia was quick to point out some of the many position and policy inconsistencies of McCain. Referencing Gramm’s comments, Obama said, “You know, America already has one Dr. Phil. When it comes to the economy, we don’t need another.” As the McCain campaign continues to flounder, the obvious beneficiary is Senator Obama. Now that he has made “peace” with former rival Hillary Clinton, he seems to have adapted well to general election mode. One close adviser to Obama said anonymously, “If anyone is going to have their nuts cut off, I bet you, it will not be Barak Obama. You can take that to the bank.”

Foreclosure Phil Mother Jones article by David Corn

McCain Advisor Refers to 'Nation of Whiners' NYT article by Michael Cooper

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