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	<title>The Blog @ Spolitics &#187; No, Seriously</title>
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	<link>http://spolitics.com/blog</link>
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	<pubDate>Thu, 24 Jul 2008 04:28:50 +0000</pubDate>
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		<title>Obama Was Against Timetables Before He Was For Them</title>
		<link>http://spolitics.com/blog/2008/07/23/obama-was-against-timetables-before-he-was-for-them/</link>
		<comments>http://spolitics.com/blog/2008/07/23/obama-was-against-timetables-before-he-was-for-them/#comments</comments>
		<pubDate>Wed, 23 Jul 2008 20:48:50 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/?p=159</guid>
		<description><![CDATA[June 22, 2006 Barack Obama sent out a podcast telling listeners that he opposed the Kerry Amendment to the Iraq War Resolution because it imposed a specific timetable.  He argued a firm, arbitrary deadline would not give commanders enough flexibility to implement a strategy to stabilize Iraq, create the space for ethnic reconciliation and [...]]]></description>
			<content:encoded><![CDATA[<p>June 22, 2006 Barack Obama sent out a podcast telling listeners that he opposed the Kerry Amendment to the Iraq War Resolution because it imposed a specific timetable.  He argued a firm, arbitrary deadline would not give commanders enough flexibility to implement a strategy to stabilize Iraq, create the space for ethnic reconciliation and prevent a meltdown in the region.   How much flexibility?  He postulated that if the generals, in consultation with the Iraqis, asked for an additional twenty thousand troops for an additional six months, they should get it.
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Less than six months later, as conditions worsened and after the Iraq Study Group&#8217;s report came out, Obama began arguing the exact opposite: that there was no military solution for the ethnic &#8220;civil war&#8221; in Iraq and that a timetable for withdrawal would put pressure on the Iraqis to resolve their differences.  He even went on to say that our withdrawal would send a sign to Iran and Syria to start playing a constructive role.  The worst of our options, he claimed, was to send more troops (i.e the surge strategy).
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So what changed?  He started running for President and saw a lot of room on Clinton&#8217;s left and the Iraq Study Group&#8217;s report gave him the cover he needed to advocate withdrawal.  At that point, he was less concerned about giving the general&#8217;s flexibility.  Here&#8217;s how he said it to Charlie Gibson during <a href="http://abcnews.go.com/Politics/DemocraticDebate/Story?id=4670271&#038;page=3">the ABC debate</a>:  </p>
<blockquote><p>
GIBSON: And, Senator Obama, your campaign manager, David Plouffe, said&#8230;we will be out of Iraq in 16 months at the most. There should be no confusion about that.&#8221;  So you’d give the same rock-hard pledge, that no matter what the military commanders said, you would give the order to bring them home?</p>
<p>OBAMA: Because the commander-in-chief sets the mission, Charlie.  That’s not the role of the generals.  And one of the things that’s been interesting about the president’s approach lately has been to say, &#8220;Well, I’m just taking cues from General Petraeus.&#8221;  Well, the president sets the mission. The general and our troops carry out that mission. </p></blockquote>
<p>Wait&#8230; does the President set the mission or do study groups?  And, of course, now that he&#8217;s won his party&#8217;s nomination, Senator Obama sees room for &#8220;refinements.&#8221;  He&#8217;s also, <a href="http://spolitics.com/blog/2008/07/09/obamas-baffling-comment-on-iraq-withdrawal-timetable/">claiming every new development agrees with his position</a>.  Of course they do&#8230; he&#8217;s taken every one.  </p>
<p>Barack Obama&#8217;s positions are like the weather in Florida&#8230;  If you don&#8217;t like what you&#8217;re hearing, just wait ten minutes.</p>
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		<title>We Are Not Addicted to Oil Anymore Than We Are &#8220;Addicted&#8221; to Food</title>
		<link>http://spolitics.com/blog/2008/07/20/we-are-not-addicted-to-oil-anymore-than-we-are-addicted-to-food/</link>
		<comments>http://spolitics.com/blog/2008/07/20/we-are-not-addicted-to-oil-anymore-than-we-are-addicted-to-food/#comments</comments>
		<pubDate>Sun, 20 Jul 2008 20:36:01 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/?p=151</guid>
		<description><![CDATA[What exactly are the benefits of being addicted to crack?  To hear Thomas Friedman tell it, you&#8217;d think there were a lot.  After all, he compared our oil use to an &#8220;addition&#8221; to crack.  Of course, crack doesn&#8217;t provide nutrition to the body whereas oil is the lifeblood of our economy.  [...]]]></description>
			<content:encoded><![CDATA[<p>What exactly are the benefits of being addicted to crack?  To hear <a href="http://www.nytimes.com/2008/07/20/opinion/20friedman.html?_r=1&#038;em&#038;ex=1216785600&#038;en=d99abe61c15d216c&#038;ei=5087%0A&#038;oref=slogin">Thomas Friedman tell it</a>, you&#8217;d think there were a lot.  After all, he compared our oil use to an &#8220;addition&#8221; to crack.  Of course, crack doesn&#8217;t provide nutrition to the body whereas oil is the lifeblood of our economy.  Oil isn’t our crack, it’s our food.  With the current options out there, to say we should give up oil is the same as saying we should all just go hungry.   </p>
<p>Friedman goes on to list all the reasons why we need to break our dependence on oil but most of which have to do with foreign oil.  Yet he maintains drilling domestically won&#8217;t help at all on that front.  Instead, he promotes the same tax and spend policies the Democrats have been promoting since Carter.  Why must everything include another tax with these people?  Here’s an idea: <em>sell</em> the offshore leases to the oil companies and then use that money to fund alternative energy.  Use oil as a bridge to alternatives.</p>
<p>Lastly, Friedman praises Gore’s energy plan without pointing out the fact that if we take the steps Gore wants us to take, it will make him incredibly rich.  Since when did a man peddling his own economic interests become the height of morality?  We’re supposed to swallow the claim that we can’t believe anything Exxon says because they’re just trying to make a profit.  Well, the same is true for Al Gore.  The difference between the two is Exxon produces the fuel that runs our economy and Al Gore just produces a lot of hot air.  And so &#8212; based on his recent article &#8212; does Thomas Friedman.</p>
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		<title>Democrats Want Americans to Pay Even More for Gas</title>
		<link>http://spolitics.com/blog/2008/07/19/democrats-want-americans-to-pay-even-more-for-gas/</link>
		<comments>http://spolitics.com/blog/2008/07/19/democrats-want-americans-to-pay-even-more-for-gas/#comments</comments>
		<pubDate>Sat, 19 Jul 2008 10:42:30 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/?p=145</guid>
		<description><![CDATA[Apparently, we are getting a gas tax holiday.  Only it&#8217;s not in the form of Congress lowering taxes.  They just haven&#8217;t raised them on us yet.  From the AP:

Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents [...]]]></description>
			<content:encoded><![CDATA[<p>Apparently, we are getting a gas tax holiday.  Only it&#8217;s not in the form of Congress <em>lowering</em> taxes.  They just haven&#8217;t raised them on us yet.  From the <a href="http://biz.yahoo.com/ap/080719/gas_tax_highways.html" target="_blank">AP</a>:</p>
<blockquote>
<p>Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.</p>
</blockquote>
<p>Gas prices have risen astronomically since the Democrats took control of Congress in 2007.  Anyone see a pattern here?</p>
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		<title>Democrat Makes Crap Up. ABC Reports It.</title>
		<link>http://spolitics.com/blog/2008/07/18/democrat-makes-crap-up-abc-reports-it/</link>
		<comments>http://spolitics.com/blog/2008/07/18/democrat-makes-crap-up-abc-reports-it/#comments</comments>
		<pubDate>Sat, 19 Jul 2008 03:43:44 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/18/democrat-makes-crap-up-abc-reports-it/</guid>
		<description><![CDATA[According to ABC&#8217;s Political Radar, a &#8220;veteran Democratic operative&#8221; has found a slanderous message in John McCain&#8217;s latest ad: &#8220;a l q D.&#8221;
&#8220;al qD&#8221; is meaningless by itself. [And] The &#8220;l&#8221; is actually the capital &#8220;I&#8221; in &#8220;Iraq&#8230;&#8221;

Despite this meaninglessness, ABC goes on to say that the McCain never should have let &#8220;a l q [...]]]></description>
			<content:encoded><![CDATA[<p>According to <a target="_blank" href="http://blogs.abcnews.com/politicalradar/2008/07/subliminal-mess.html">ABC&#8217;s Political Radar</a>, a &#8220;veteran Democratic operative&#8221; has found a slanderous message in John McCain&#8217;s latest ad: &#8220;a l q D.&#8221;</p>
<blockquote><p>&#8220;al qD&#8221; is meaningless by itself. [And] The &#8220;l&#8221; is actually the capital &#8220;I&#8221; in &#8220;Iraq&#8230;&#8221;</p>
</blockquote>
<p>Despite this meaninglessness, ABC goes on to say that the McCain never should have let &#8220;a l q D&#8221; appear for a split-second in their seven-minute ad because if you type &#8220;al qD&#8221; into Google, the reply you get is, Did you mean: al qaeda.  Therefore, this glimpse of meaninglessness translates into subliminally calling Obama a terrorist.</p>
<p>Of course, the problem with this is that &#8220;al qD&#8221; doesn&#8217;t appear on the screen &#8212; &#8220;a l q D&#8221; does.  And when you type that into Google, the answer you get is, Did you mean: <em>a l o u d</em>.   So&#8230; if there&#8217;s any truth to any of this, it would be that the McCain camp is calling Obama a loud mouth.</p>
<p>Still, why not run with it.  We here at Spolitics would like to go one better.  If you look carefully, you will also see the letters &#8220;ID t&#8221; which of course means the McCain camp was subliminally calling Obama an idiot.</p>
<p>Lastly&#8230; what&#8217;s most interesting about all of this is that Rick Klein quoted the &#8220;veteran Democratic operative&#8221; anonymously.  Why?  Why on Earth would someone commenting on an ad need anonymity.  Unless&#8230; the person works for the Obama campaign.  Is this just a desperate attempt to change the focus from the fact that Obama has been all over the place when it comes to his Iraq strategy?</p>
<p>Hat Tip: <a target="_blank" href="http://hotair.com/archives/2008/07/18/its-come-to-this-abc-accuses-mccain-of-using-subliminal-messages-in-obama-ad/">Hot Air</a>.</p>
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		<title>There Is No Evidence Carbon Emissions Cause Significant Global Warming. None.</title>
		<link>http://spolitics.com/blog/2008/07/18/there-is-no-evidence-carbon-emissions-cause-significant-global-warming-none/</link>
		<comments>http://spolitics.com/blog/2008/07/18/there-is-no-evidence-carbon-emissions-cause-significant-global-warming-none/#comments</comments>
		<pubDate>Fri, 18 Jul 2008 22:47:06 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/18/there-is-no-evidence-carbon-emissions-cause-significant-global-warming-none/</guid>
		<description><![CDATA[Just a little something to keep in mind before our congress enacts the largest expansion of federal powers in decades in order to reduce said emissions. 

]]></description>
			<content:encoded><![CDATA[<p>Just <a href="http://www.theaustralian.news.com.au/story/0,25197,24036736-7583,00.html">a little something to keep in mind</a> before our congress enacts the largest expansion of federal powers in decades in order to reduce said emissions. </p>
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		<title>NY Times: Bush &#8220;Admits&#8221; U.S. Will Not Stay In Iraq Forever</title>
		<link>http://spolitics.com/blog/2008/07/18/ny-times-bush-admits-us-will-not-stay-in-iraq-forever/</link>
		<comments>http://spolitics.com/blog/2008/07/18/ny-times-bush-admits-us-will-not-stay-in-iraq-forever/#comments</comments>
		<pubDate>Fri, 18 Jul 2008 20:47:57 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/18/ny-times-bush-admits-us-will-not-stay-in-iraq-forever/</guid>
		<description><![CDATA[From the New York Times:
The United States and Iraq have agreed to set a &#8220;general time horizon&#8221; for the &#8220;further reduction of U.S. combat forces in Iraq&#8221; following the improvement in security conditions in the country, the White House said Friday.
But apparently this development wasn&#8217;t juicy enough for the Times.  They go on to say:
The [...]]]></description>
			<content:encoded><![CDATA[<p>From the <a href="http://www.nytimes.com/2008/07/19/world/middleeast/19iraq.html?_r=1&amp;hp&amp;oref=slogin" target="_blank">New York <em>Times</em></a>:</p>
<blockquote><p>The United States and Iraq have agreed to set a &#8220;general time horizon&#8221; for the &#8220;further reduction of U.S. combat forces in Iraq&#8221; following the improvement in security conditions in the country, the White House said Friday.</p></blockquote>
<p>But apparently this development wasn&#8217;t juicy enough for the <em>Times</em>.  They go on to say:</p>
<blockquote><p>The White House offered no specific dates for troop cuts, but the inclusion of even just a reference to a time horizon is a significant concession by the Bush administration, which has long resisted setting a timetable for cuts in combat forces. It is a tacit admission that the United States military presence in Iraq is not endless.</p></blockquote>
<p>The key word the <em>Times</em> left out was &#8220;artificial&#8221; timetable.  The Bush administration resisted tying a reduction in forces to an arbitrary deadline, regardless of the situation on the ground.  After all, didn&#8217;t the surge have a &#8220;timetable&#8221; element attached to it whereby the additional forces would be reduced by a target end date but only when certain objectives were met?  According to reports, this new agreement between Iraq and the U.S. is no different.  It&#8217;s the difference between setting goals and picking a date out of thin air.</p>
<p>Lastly, if the <em>Times</em> is under the impression that Bush has been advocating for an endless presence in Iraq perhaps they can explain what he has meant when he has repeatedly said: &#8220;We will stay in Iraq as long as we are needed and not a day longer.&#8221;</p>
<p><strong>Update</strong>: It appears the NY Times has rewritten their article.</p>
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		<title>Pony Up, Schumer</title>
		<link>http://spolitics.com/blog/2008/07/14/pony-up-schumer/</link>
		<comments>http://spolitics.com/blog/2008/07/14/pony-up-schumer/#comments</comments>
		<pubDate>Mon, 14 Jul 2008 17:41:32 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/14/pony-up-schumer/</guid>
		<description><![CDATA[The big news today was that prior to Schumer&#8217;s reckless publicity stunt, Indymac Bank was not on the FDIC&#8217;s problem list &#8212; a list of 90 banks at-risk of failing. 
It&#8217;s time to pony up, Senator.  You said you made your letter to regulators public because you were tired of being ignored.  You also said that Indymac&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>The big news today was that prior to <a href="http://spolitics.com/blog/2008/07/11/schumer-breaks-the-bank/" target="_blank">Schumer&#8217;s reckless publicity stunt</a>, <a href="http://www.cnbc.com/id/15840232?video=792907379" target="_blank">Indymac Bank was not on the FDIC&#8217;s problem list</a> &#8212; a list of 90 banks at-risk of failing. </p>
<p>It&#8217;s time to pony up, Senator.  You said you made your letter to regulators public because you were tired of being ignored.  You also said that Indymac&#8217;s failure could be seen coming for years.  Prove it.  Release all the other letters you sent to regulators. </p>
<p>As for Schumer&#8217;s colleagues in Congress, it&#8217;s time for you to do something to stop <a href="http://www.spolitics.com/2008/wtasotr.html" target="_blank">the Schumonster</a> before he strikes again.  You can start by kicking him off the Senate Banking Committee.</p>
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		<title>Schumer Shows No Remorse and Shirks Responsibility</title>
		<link>http://spolitics.com/blog/2008/07/13/schumer-shows-no-remorse-and-shirks-responsibility/</link>
		<comments>http://spolitics.com/blog/2008/07/13/schumer-shows-no-remorse-and-shirks-responsibility/#comments</comments>
		<pubDate>Sun, 13 Jul 2008 20:44:06 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/13/schumer-shows-no-remorse-and-shirks-responsibility/</guid>
		<description><![CDATA[Perhaps the only thing worse than the fact that Senator Chuck Schumer caused a run on deposits that led to a historical bank failure is the lack of accountability and arrogance the senator has displayed after the fact.  According to the AP:
&#8220;The breadth and depth of the problems of IndyMac were created and apparent for [...]]]></description>
			<content:encoded><![CDATA[<p>Perhaps the only thing worse than the fact that <a href="http://spolitics.com/blog/2008/07/11/schumer-breaks-the-bank/" target="_blank">Senator Chuck Schumer caused</a> a run on deposits that led to a historical bank failure is the lack of accountability and arrogance the senator has displayed after the fact.  <a href="http://news.yahoo.com/s/ap/20080713/ap_on_bi_ge/indymac_schumer" target="_blank">According to the AP</a>:</p>
<blockquote><p>&#8220;The breadth and depth of the problems of IndyMac were created and apparent for years and they accelerated in the last six months,&#8221; Schumer said.</p></blockquote>
<p>Really, Chuck?  You&#8217;re saying it was apparent a year ago when the stock was trading at $30 a share that the bank would fail?  Schumer goes on:</p>
<blockquote><p>&#8220;Everything that was talked about in our letter was already public. So there were no new revelations in our letter at all.&#8221;</p></blockquote>
<p>Bingo, Chuck.  You unwittingly just undermined your own argument.  Yes, Indymac was in trouble, but its situation was already public and yet there had been no bank run.  The bank run didn&#8217;t happen until you publicly suggested it was on the brink of failure and that regulators needed to act to prevent it from going under.  As the <a href="http://latimesblogs.latimes.com/money_co/2008/06/pasadena-based.html" target="_blank">LA Times put it</a>:</p>
<blockquote><p>The letter stunned some Wall Street analysts, who said Schumer was in effect sealing the lender’s fate by raising the prospect of its failure.</p></blockquote>
<p>Prior to your letter, the bank was trying to raise capital to shore up its position.  You cut it off at the knees.  And what was the point of your letter again?  To warn about a bank run and to prevent the bank from failing.  As a result of your boneheadedness, there <em>was</em> a bank run, the bank <em>did</em> fail, thousands of people have lost their jobs and tax payers are getting stuck with a possible $8 billion bill.  </p>
<p>But have you shown any remorse or an ounce of accountability?  No.  Stop pointing fingers.  Be a man and own up to the fact that your actions are a big reason why this happened.  Or better yet: resign.</p>
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		<title>Schumer Breaks the Bank</title>
		<link>http://spolitics.com/blog/2008/07/11/schumer-breaks-the-bank/</link>
		<comments>http://spolitics.com/blog/2008/07/11/schumer-breaks-the-bank/#comments</comments>
		<pubDate>Sat, 12 Jul 2008 01:01:55 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

		<guid isPermaLink="false">http://spolitics.com/blog/2008/07/11/schumer-breaks-the-bank/</guid>
		<description><![CDATA[As if banks didn&#8217;t have enough to be concerned about, now they have to worry about press-hungry senators causing a run on their deposits.  Today, IndyMac Bank became the second-largest financial institution in U.S. history to fail.  How did it happen?  According to the bank&#8217;s regulator:
&#8220;The immediate cause of the closing was a deposit run [...]]]></description>
			<content:encoded><![CDATA[<p>As if banks didn&#8217;t have enough to be concerned about, now they have to worry about press-hungry senators causing a run on their deposits.  Today, IndyMac Bank became the second-largest financial institution in U.S. history to fail.  How did it happen?  <a href="http://www.cnbc.com//id/25642869?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&#038;par=yahoo" target="_blank">According to the bank&#8217;s regulator</a>:</p>
<blockquote><p>&#8220;The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York [that] &#8230; expressed concerns about IndyMac&#8217;s viability,&#8221; the agency said.</p>
<p>In the 11 business days following Schumer&#8217;s letter, depositors withdrew more than $1.3 billion from their accounts, the OTS said.</p></blockquote>
<p><a href="http://biz.yahoo.com/ap/080626/indymac_schumer.html?.v=2" target="_blank">Schumer was concerned</a> about a run on the bank&#8230; kind of like the one he caused.  Good job, Chuck.  In fact, on July 3rd, <a href="http://latimesblogs.latimes.com/money_co/2008/07/sen-charles-e-s.html" target="_blank">regulators sent a letter back to Schumer</a> warning him that his actions could have unintended consequences and to keep his mouth shut.</p>
<p>But according to Schumer, it&#8217;s not his fault.   </p>
<blockquote><p>&#8220;IndyMac’s troubles, just like Countrywide’s, were caused by practices that began and persisted over the last several years, not by anything that happened in the last few days,&#8221; the senator said in a statement.</p></blockquote>
<p>Troubles?  Sure.  But its <em>failure</em>?  No, that was caused by panic-stricken customers rushing to take their money out.  Which was caused by a certain senator who wanted to get his name in the papers.  After all, Chuck could have written the letter without making it public.  Schumer goes on to say:</p>
<blockquote><p>&#8220;If OTS [Indymac's regulator] had done its job as regulator and not let IndyMac’s poor and loose lending practices continue, we wouldn’t be where we are today&#8230;&#8221; </p></blockquote>
<p>Since he&#8217;s only brought this up recently, one must assume Schumer&#8217;s letter was designed to give OTS the power to go back in time to 2006 and stop Indymac from issuing the loans that Wall Street was gobbling up. </p>
<p>After hearing Schumer&#8217;s pathetic response, one gets the image of Bart Simpson standing on stage amidst a collapsed set whining, &#8220;I didn&#8217;t do it.&#8221;  Only in this case, no one&#8217;s laughing.</p>
<p><strong>Update</strong>: Link to LA Times article added. </p>
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		<title>McCain Misses an Opportunity and Obama Gives Us Just Funny Words</title>
		<link>http://spolitics.com/blog/2008/07/11/mccain-misses-an-opportunity-and-obama-gives-us-just-funny-words/</link>
		<comments>http://spolitics.com/blog/2008/07/11/mccain-misses-an-opportunity-and-obama-gives-us-just-funny-words/#comments</comments>
		<pubDate>Fri, 11 Jul 2008 20:34:11 +0000</pubDate>
		<dc:creator>Heywood U. Reedmore</dc:creator>
		
		<category><![CDATA[No, Seriously]]></category>

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		<description><![CDATA[McCain advisor and former Seantor Phil Gramm&#8217;s comments about a &#8220;mental recession&#8221; were definitely &#8212; as the Obama campaign might say &#8211; inartful, especially his characterization of America as a nation of whiners.  It&#8217;s clear that Gramm was referring to America&#8217;s leaders, not the American people, but of course the Obama campaign wasted no time spinning this [...]]]></description>
			<content:encoded><![CDATA[<p>McCain advisor and former Seantor <a href="http://www.washtimes.com/news/2008/jul/09/mccain-adviser-addresses-mental-recession/" target="_blank">Phil Gramm&#8217;s comments</a> about a &#8220;mental recession&#8221; were definitely &#8212; as the Obama campaign might say &#8211; inartful, especially <a href="http://www.youtube.com/watch?v=PBVIwO5n9hk&#038;eurl" target="_blank">his characterization</a> of America as a nation of whiners.  It&#8217;s clear that Gramm was referring to America&#8217;s leaders, not the American people, but of course the Obama campaign wasted no time spinning this as the McCain camp belittling Americans. </p>
<p><a href="http://www.youtube.com/watch?v=ZPTKdzgj_38&#038;feature=related" target="_blank">McCain distanced</a> himself from Gramm&#8217;s remarks and expressed an almost unpalatable amount of empathy for Americans who are struggling.  What he didn&#8217;t demonstrate was leadership. </p>
<p>There was truth to Gramm&#8217;s comments, notably that the overall economy is not as bad as it is being reported in the press.  But persistent pessimism can have a self-fulfilling effect and if people believe the situation is hopeless, it&#8217;s only going to get worse.  What America needs now is a shot of confidence in the vein of Roosevelt&#8217;s &#8220;the only thing we have to fear is fear itself.&#8221; </p>
<p>McCain could have used this as an opportunity to show that kind of leadership.  He could have said that while he definitely disagreed with the characterization of America as a nation of whiners, that Gramm made a point worth noting&#8230; that America is a strong nation and that no matter what challenges we face &#8212; and be sure, we are facing challenges right now &#8211; we will respond to those challenges, we will overcome them, and we will emerge an even stronger nation.  Instead he told us he felt our pain.</p>
<p>At least, McCain can take solace in the fact that Obama missed the opportunity to show leadership on this point as well.  <a href="http://www.youtube.com/watch?v=1XlsZznzb5E&#038;feature=related" target="_blank">Obama responded by getting snarky, cracking wise and making jokes</a>.  Perhaps most perplexing was Obama&#8217;s crass dismissal of the idea that policies can have psychological benefits.  Odd coming from the man who lionized Roosevelt&#8217;s &#8220;The only thing we have to fear is fear itself&#8221; line in his (and Deval Patrick&#8217;s) &#8221;Just Words?&#8221; speech.  (Apparently Obama would lump Roosevelt in with Dr. Phil, too.) </p>
<p>Someone might want to educate Senator Obama on things like consumer confidence, investor confidence and, you know, the main purpose of the FDIC.  It&#8217;d be nice if a wannabe President understood those things. </p>
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