Sep 19, 2008 3:02pm
A “Nation of Whiners” Bailing Out Wall Street
EmailABC’s Marcus Baram writes today about how Phil Gramm’s controversial claims (remember "mental recession" and "nation of whiners") in light of the economic turmoil the nation now faces. Phil Gramm resigned from the post of McCain economic adviser after his statement met a firestorm of criticism, even from McCain himself. The words are proving to be political check for Barack Obama…one that the candidate keeps cashing in.
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I don’t know that I would say Obama gets a check here. He is surrounded by his share of people who all helped this get to where it is at. He also need not start talking raising taxes on anyone as most of us just got ours raised for years to come. Being that your sore Steve, better get use to it, for more is on the way.
Perhaps we’ll get a kiss next time.
Posted by: david | September 19, 2008, 3:28 pm 3:28 pm
oh I guess Mccain didn’t really learn from the first trillion from his deregulation with Keating.
so my bad on the first statement.
but I won’t whine…lol
Posted by: dl | September 19, 2008, 3:30 pm 3:30 pm
I don’t know about anyone else but I am now definately whinning about having to bail out Wall Street. Personally I think it all in Lindsey Graham’s mind. He really should quit whinning about his stock market losses too don’t ya think!!!
Posted by: jenny | September 19, 2008, 3:35 pm 3:35 pm
The bail out is probably necessary, but all the CEO’s should be prosecuted and sentenced for theft and fraud, instead of getting big going away packages, these guys are criminals, the onlt difference between them and Jesse James is Jesse James used a gun. And Phil Graham is a zero and the one of the major causes of this crisis. Its tax payer money andI say put the crooks away.
Posted by: mike | September 19, 2008, 4:03 pm 4:03 pm
PLEASE UNDERSTAND: The central banks around the world have just seized some of the largest financial institutions in the world in the blink of an eye.
This is not a bail-out. This is full-fledged conspiracy.
Posted by: Max | September 19, 2008, 4:15 pm 4:15 pm
How about including some help for the little guy in the rescue plan. I suggest the Bail Out Bill include a reduction of the credit card interest rate to 9.5% on all existing and new credit card debt for the duration of the bail out process. Think of it as a ROI for using our Tax dollars!
Posted by: DTNC | September 19, 2008, 4:36 pm 4:36 pm
Can all these CEOS be banned from Wall Street? Is there anything the government can do to them?
Posted by: linda n carolina | September 19, 2008, 4:44 pm 4:44 pm
Lets take a little credit for this entire mess. We wanted low mortgage deals so we could buy above our means, demanded large gains from our investments (401 K’s) from Wall Street, lots of credit cards,jumbo cars and cheap prices from Wal Mart. Stand up and omit maybe we are whining and not willing to accept even smallest amount of blame.
Posted by: William | September 19, 2008, 5:03 pm 5:03 pm
I’d like to see them hand the bill to Phil Gramm the bozo responsible for this fincial crisis. He ought to be sent to permanent obscecurity.
Posted by: texmexborderjumper | September 20, 2008, 7:37 pm 7:37 pm
But Phil Gram and his buddies whine about the war in Iraq, and they have failed to capture Bin Laden. …………….
Posted by: Ohg Rea Tone | September 21, 2008, 8:51 pm 8:51 pm
I want leverage for the bail-out:
1. Promise that there won’t be an Iran war
2. Health insurance for everybody
3. The CEOs who ran down Wall Street go to jail.
Posted by: Alexa Fleckenstein M.D. | September 24, 2008, 10:30 pm 10:30 pm