Obama Bitchslaps Phil Gram and his Idiot "Mental Recession" statement

In case you did not know about Phil Gramm's Gaffe that Obama is referencing, I have posted exerpts below from Huff Post...yes, Phil Gramm was McShame's Chief Economic Adviser....is he still? Who knows...I have this theory that old rich white men are out of touch.....I remain committed to this theory and pretty much evidence arrives to my TV doorstep daily....


From Huff Post::::
Phil Gramm's Words:
"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

{{ Enigma Comment- ONE percent??? he needs to start reading the Wall Street Journal...this comment would have Cramer's head spinning like a top...lordy....and "publicity" about job loss- HELLLO- the NEWS media is actually supposed to inform people of such stats....it is their JOB...and btw if anyone has forgotten Gramm's Economical Prowess- just google his Name and ENRON.....voila...nuff said.}}

And here is More of the Idiot....Waxing Poetically Ignorant....

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.

Just yesterday, McCain himself said "I would imagine that we are" in a recession. But he and Gramm are still on the same page: in April McCain said "a lot of our problems today are psychological."

Phil Gram the Horse's Ass- THE "Whiners" Video....( no disrespect to Horses...)