Democracy Soup

Making sense out of the world of politics

The Phil Gramm economic philosophy: Does being a Republican make you rich or do you need to be rich to become a Republican?

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Originally published on on Fri, 07/11/2008 – 8:38am

I confess I’m trying to understand Phil Gramm’s economic philosophy, and what I have gathered so far is that if you’re Republican and rich, you’re doing well. And if you’re not doing well, you should stop whining because, well, Phil Gramm is rich.

But Sen. Gramm, help us out with something. I want to be rich. I want to buy a house or at least a condo, a 42″ flat-screen LCD HDTV, and a nice lounger chair, and still have plenty of money left over for travel. But I don’t want to have to become a Republican to do so.

So does being a Republican make you rich or do you need to be rich to then become a Republican? Because if being Republican means you might be poor, I don’t want to be a Republican. And if the only way to get rich is to be a Republican, I don’t want to be rich.

Now, you used to be a Democrat. In fact, you won a House seat as a Democrat in 1978 and got re-elected in 1980.

According to Wikipedia: “In 1981, Gramm attended Democratic Caucus budget meetings and then secretly shared their strategy with Republicans to help pass newly inaugurated President Ronald Reagan’s budget.”

The House Democratic leadership decided understandably to strip you of your position on the committee. You won re-election in 1982 but then resigned to force a mid-term election, which you then won as a Republican. Later, you won three terms as U.S. Senator, all as a Republican.

Did your betrayal start the road to riches for you, Sen. Gramm?

Now I don’t have access to your financial records. But I’m fairly certain that you have more money, more wealth, many more assets now then when you were a Democrat. Coincidence? Please let us know.

You could say that time and power played a factor in why you have much more money and wealth, but maybe, just maybe, being a Republican got the ball rolling. After all, something made you want to switch parties. Did a Republican Party angel come to you in the middle of the night, and tell you the magical ways of becoming rich?

You might think it is more constructive to just tell us we are whiners, those who are suffering, who work more than one job and rarely get to see their spouse or kids, who have high health-care bills, who worry at night over the rising price of food and gas, and those who just lost their job and don’t know what to do for health insurance. And perhaps, you can’t tell us the truth — that being Republicans is the way to financial success. After all, if we all become Republicans, we can’t all be rich, can we?

But since you are an “economics expert” at least according to John McCain (who doesn’t know economics), can’t you share with us the key to financial success?

Unless you’re afraid to tell us that being Republican has nothing to do with being rich. Unless you can’t tell us that using political power to get money, such as being vice chairman of UBS Investment Bank. That job has to pay, what, at least $25,000 a year, right? And you wouldn’t have to worry in a job such as that if you need to stay home to take care of a sick child. Or perhaps the key is having a wife, who was on the board of directors of some company named Enron, while at the same time being one of five co-sponsors of the Commodity Futures Modernization Act of 2000, which some critics have blamed for allowing the Enron scandal.

You’re rich, your wife is rich, you probably have furniture and cars you don’t even remember having. Meanwhile, some people are struggling to put gas in the lone car that has well over 120,000 miles. These people remember every car they own, even if it is only one.

Yes, that makes us whiners. But we have the American spirit, and we don’t want to whine. We want a better life, maybe to not be as rich as you (not me, I want the money), but to have enough money to relax a little bit about life, take some time off for what little vacation time we get (I’m sure you get plenty of vacation time in your job) and not have to worry about what happens after we return.

All we ask is that you tell us how to become rich, even if it means we have to become Republicans to do so.


Written by democracysoup

July 11, 2008 at 8:38 am

Posted in Uncategorized

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