Festering economic boil Phil Gramm says Obama is winning because poor people have it too good

[ProSense]

Festering economic boil Phil Gramm says Obama is winning because poor people have it too good

by Hunter

Former senator Phil Gramm, who is primarily famous these days as being associated with every major economic meltdown and scandal in the last twenty years, and who said in 2008 that the whole Great Recession did not actually exist, calling it a "mental" recession and saying that we had become a "nation of whiners", wants you to know that the real problem with America is not all that various shit he and his fellow near-crooks have done over the last dozen years but, instead, all of the damn poor people today taking advantage of food stamps and disability and whatnot instead of going out and getting some of those jobs that still do not actually exist:

In 1980 and 1992, only 3% of the American labor force drew disability benefits from the government. Today it is 6%. The number of workers qualifying for disability since the recession ended in 2009 has grown twice as fast as private employment.

How would Presidents Jimmy Carter or George H.W. Bush have fared on their Election Day if 40% of the Americans who were unemployed had instead qualified for disability benefits? How would voters have reacted in 1980 or 1992 if food-stamp benefits had grown by 65% instead of an average of less than 25% during the first four years of their administrations?

During the past four years, the Obama administration's aggressive promotion of the food-stamp program has increased the number of recipients by 18.5 million. Do these people feel the same level of discontent about economic conditions as the rest of the voting population?

See there? The reason so so many people are voting for Barack Obama in this election is that they're not hungry enough. In the wake of the Great Recession. When the first sub-eight-percent unemployment numbers have come in in for-freaking-ever, itself a dismally modest improvement that proved so shocking to conservatives that they have all but convinced themselves that it must be a government plot. Why, if we let those 18.5 million people starve, they'd be much more pissed off—and then they'd go out and vote for Mitt Romney!

This is, mind you, the exact philosophy behind Romney's infamous "47 percent" comments: those damn poor people all have it too good, what with social programs designed to allow them to not die in the streets, and of course people like that aren't going to vote for the good, responsible Republicans who want to bring back "dying on the streets" as this century's hot new thing. It does not dawn on Phil Gramm, who is a remarkable idiot by any standards, that the increases in food stamps and other government assistance are the obvious and expected results of a prolonged and utterly devastating economic downturn—no, it must be because we are just being too damn generous these days. This is the world according to Phil Gramm. He then goes on to complain that Obama hasn't fixed all the various things Phil Gramm and his fellow financial wizards have screwed up in the last decade, so clearly it's time to pass the reins to Mitt Romney so Phil Gramm and his fellow financial wizards can get back to screwing it up worse.

Sweet merciful crap, will this guy ever just shut the hell up already? Economics-wise, he's History's Greatest Monster. He and his wife Wendy were prime shakers behind energy deregulation—leading directly to the Enron scandal and collapse (Wendy both helped deregulate Enron and then went to work for them at a tidy salary, ka-ching, because that is how the Phil Gramm household operates.) His deregulation penchant also brought us all the unregulated glory of credit default swaps, leading Time magazine to call him out as one of the 25 People to Blame for the Financial Crisis. Oh, and then he fled from the senate to a sweetheart lobbyist position at UBS, just in time for UBS to wreck itself mightily in the subprime mortgage business, get called out for intentionally cheating customers, and be probed for assisting client money laundering. If there's one guy who knows how to cause epic, nation-shattering economic fiascos, it's Phil Gramm. If you told me he was one of the four horsemen of the economic apocalypse, my only reply would be to wonder if maybe he wasn't actually two or three of them.

That pedigree seems to be precisely why the Wall Street Journal editorial page still wants his opinions on things. Any Wall Street wizard can be wrong—and how! Not every captain of the financial industry can be wrong so very, very often, to such devastating effect, and still be able to declare with a straight face that all these troubles today are caused by The Poors.

Wait—yes they can. That's exactly what they all do. It's the only damn reason the Wall Street Journal editorial page even exists.

http://www.dailykos.com/story/2012/10/19/1146737/-Festering-economic-boil-Phil-Gramm-says-Obama-is-winning-because-poor-people-have-it-too-good

Note:

Kos Media, LLC Site content may be used for any purpose without explicit permission unless otherwise specified

[bigtree]

1. wow

. . . he's a disgusting little twerp. Poor people gonna rise up . . .

[Mponti]

2. How did that Enron insider trading scam work out for you and Wendy?

[Horse with no Name]

3. For some reason, I had Gramm on my political radar as being dead

Bleep. Bleep. Bleep.

There.

Back in the delete file.

[Zalatix]

8. Dead? Nah, but sunlight is not his friend.

[Johonny]

4. Do these people feel the same level of discontent about economic conditions as the rest

So if you are disabled and on food stamps you don't feel any economic discontent like someone not on food stamps and not injured? If you have to ask that question... you're kind of stupid. Phil live a year with a disabling injury and eat via what you afford on food stamps then ask that question. That comment doesn't rise to the level of moron.

[Horse with no Name]

9. That nasty maggot Gramm and his wife spend on one breakfast

what a majority of people on Food Stamps have to spend on in a month. And he wants to deny them that.

[hifiguy]

5. This turd should have been boiled in oil

decades ago. One of the most reprehensible things that has crawled out of the Repuke swamp, Phildo Gramm has caused more misery in this country than any other living thing in the last twenty-plus years.

[Thinkingabout]

6. Famous for saying "if you just deregulate them everything will be fine".

Note to Phil Gramm:

Well, fine for who, for an economic prof you must teach the wrong method or we would not gone off the cliff. You should be one of the first teachers to be fired.
You fail on both of your endeavors just happy you did not win the office of president. You are terrible on finances.

[librechik]

7. actually, the qualifications for food stamps are severe-yet we are only serving about half

of families who would qualify. That's what the vigorous outreach is about. To feed the hungry.

I suppose Gramm thinks we should be ashamed of that, He wouldn't lift a finger to help families. Libtards are fools for trying.

Nice people on the other side, eh?

[Liberal_Stalwart71]

10. Phil Gramm admits that the president is winning. That's all that matters to me!

[Dirty Socialist]

11. He's King Midas in Reverse

I think there are other deregulation schemes he's been involved with that turned to dust.