Update 07-19-08: Gramm has subsequently been ousted from the McSame campaign after a week of attempted spin and damage control....

When I first heard of Phil Gramm's elitist utterances of "mental recession" and "we've sort of become a nation of whiners" I bellowed "Let them eat cake!"

So it was with no small satisfaction when Dem strategist Chris Kofinis delivered the political line of the week Friday eve on Countdown when he referred to "Foreclosure Phil" Gramm as coming from the "Marie Antoinette School of Economics".

I find Kofinis' analysis spot-on. This one should be repeated ad-nauseum and put in campaign ads 'til election day! And why is it an A-hole elitist like Gramm can so in-eloquently put foot in mouth and not be lambasted for the elitist swine that he is? (rhetorical question) Obviously it's only candy-assed, latte'-swillin', limo-drivin' Dems who're lambasted by the corporate media-whores for being "ELITIST"...

For the record, here's the full Gramm quote -

"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."

"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.

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