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First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often.

Chuck Todd, NBC Political Director

Mark Murray, NBC Deputy Political Director

Domenico Montanaro, NBC Political Researcher



McCain: Gramm fallout

Posted: Friday, July 11, 2008 9:31 AM by Domenico Montanaro

Oh, it's been a long journey from Milan to Minsk.
 
"In recent months Mr. McCain has recalibrated the way he talks about the economy, often noting that it does not matter whether the technical definition of a recession has been met, given that so many people feel as if they are in one,” the New York Times writes. “The tone is in contrast with the one he struck during the primaries, when he sometimes placed more emphasis on optimism. His struggle to find a balance was on vivid display at a Republican debate in January, when he was asked whether the country was better off now than it was eight years ago. ‘I think you could argue that Americans over all are better off,’ he replied, ‘because we have had a pretty good, prosperous time with low unemployment and low inflation, and a lot of good things have happened, a lot of jobs have been created.’ Then he added: ‘But let’s have some straight talk. Things are tough right now.’” 
 

VIDEO: Reacting to Phil Gramm's comment that the U.S. has become a "nation of whiners," John McCain says he disagrees, adding the former senator "does not speak for me. I speak for me."

"Gramm told USA TODAY that "what I meant is that American leaders are whiners -- they've got excuses for everything," he said Thursday, adding that some look for scapegoats instead of addressing problems. He criticized Obama for blaming oil companies and speculators for higher gas prices, rather than supporting more oil and gas drilling and nuclear power -- as McCain does.
 
“Gramm defended his recession comments, saying journalists have been ‘amplifying bad economic news’ and too many people believe things are worse than they really are. Gramm said he was speaking for himself when he spoke Wednesday to The Washington Times editorial board. ‘I wouldn't claim to speak for McCain,’ he said."
 
The Gramm comments and McCain's quick distancing show just how much of a challenge it's been for McCain to prove his economic bona fides.
 
A law professor from the University of Arizona has concluded that it's possible that a careful following of the letter of the law would make McCain ineligible to be president because of where he was born. “There are, Professor Chin argued in his analysis, only two ways to become a natural-born citizen,” the NY Times writes. “One, specified in the Constitution, is to be born in the United States. The other way is to be covered by a law enacted by Congress at the time of one’s birth. Professor Chin wrote that simply being born in the Canal Zone did not satisfy the 14th Amendment, which says that ‘all persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States.’”
 
The L.A. Times looks at McCain's first marriage and how the divorce might have actually hurt McCain's personal relationship with the Reagans. 
 
By the way, per NBC/NJ's Adam Aigner-Treworgy, check out McCain's balanced budget pledge from his Virginia tele townhall: "I'll put this country on the path to a balanced budget by 2013."
 
So is that a new hedge or VERY careful wording about exactly what he'll do regarding a balanced budget.
 
Looking ahead to next week, McCain will travel to seven states; quite the busy week actually – California, New Mexico, Missouri, Nebraska, Ohio, Michigan and New York. Nearly half of the stops involve fundraising.

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Gramm has a phd in economics, has run many successful businesses, and was a great representitive and Senator. He started out as a Democrat, but switched parties with the Democrats constant trend to be socialists. Gramm has forgotten more about economics than Obama will ever know.
Gramm "does not speak for me. I speak for me.
==============================================
National Campaign General Co-Chairs
Former U.S. Senator Phil Gramm, Texas
Former U.S. Representative Thomas G. Loeffler, Texas
Source: johnmccain.com
----------------------------------------------
ARLINGTON, VA -- U.S. Senator John McCain's presidential campaign today released a statement signed by over 300 professional economists in support of John McCain's Jobs for America economic plan. The list includes Nobel Prize winners, business economists with experience in the private sector, policy economists with experience in government and academic economists from major universities and state and community colleges.
Economists Who Have Signed The Statement: Phil Gramm, Former U.S. Senator
Source: johnmccain.com
----------------------------------------------------
Fortune: McCain's Econ Brain
Economic conservatives take heart: Phil Gramm is influencing the candidate's platform (2/19/08)
"But economic conservatives should take heart. McCain's chief economic advisor -- and perhaps his closest political friend -- is the ultimate pure play in free market faith, former Texas Senator Phil Gramm, 65. If McCain follows Gramm's counsel, and most of his current positions are vintage Gramm indeed..."
Source: Fortune Magazine
----------------------------------------------------
Gramm "does not speak for me. I speak for me.
=====================================================
Yeah right. Is that a lie, a flipflop, a course change, what?
Paul,

You're right. Phil is a great economist for the rich. He allowed the mortgage lenders and oil traders to become absurdly wealthy while the middle class has had to tighten their purse strings. Knowing about economics doesn't make you a good steward of it. Gramm is the epitomy of "evil genius" for the American economy.
I see that First Read is covering McCain's butt again by putting the "details of his first marriage" at the bottom of their post to just dump the story.  If the "details" of his first divorce became common knowledge, he'd lose women by 80% and we all know it.
Gramm is a bitter old man who doesn't give a hoot about families and there struggles.  Whe he was unable to make it as a Demodrat he turned traitor and and went to the republicans...good riddance.
LANDSLIDE IMMINENT
Anyone heard that giant sucking sound from the Republicans is starting to sound more like a spit and a sputter ......bodes bad for their single purpose...fighting looks bad amongst themselvs and speaks volumes about that convoluted party we call the GOP/RNC..
Also shows real lack of leadership from the top down and the bottom up...
So, Bill Clinton can balance a budget in four years but McVain can't do it until he is re-elected, hmmmmmm, seems like it takes repubs twice as long to get things done, why, because first some repub friends need to profit and then the 'trickle down' makes it better for the rest of us.
Now Philly 'cheesesteak' Gramm says the whiners are our leaders, thank god he clarified his thoughts, I would think that attacking working americans is not the way to go for the repubs, but then again the repubs have a good history of whining, the repubs are morally bankrupt, time to re-brand and find new fears to elevate their message. We should give them 40 more years to whine in the political wilderness.
Gramm told USA TODAY that "what I meant is that American leaders are whiners -- they've got excuses for everything," he said.............
****************************************
That is a lie. Gramms original statement was, 'America has become A NATION of whinners'.

His attempt to spin that he wasn't trashing the citizenry won't work.
I've noticed the change in McCain's tone, too. Not quite another flip flop, but certainly another pothole under the wheels of the straight talk express.
Paul David, name these "successful businesses" that the human basset hound ran!
Paul,

It appears that Phil Gramm forgot just about everything about economics when he sold out to corporate America, including his tact.  It is entirely possible that now Senator Obama knows more about what is going on than Gramm does.

I am imagining that the economy is in good shape and that everyone is happy...sorry reality tells me otherwise.
Gee whiz, Gramm, McCain's divorce, and his citizenship being raked over the coals in less than a 24 hour new cycle.......

Obama:   'Welcome to the party pal'!
Struggling for gaffes in this election has got to be a new GOP strategy....
like rope-a-dope...sad, real sad.
Bye Bye McSame.
The GOP talk about Americans being whiners, when the very thing they do is whine when we catch them in their lies and BS.

If the GOP would stop thinking everyone is stupid - then they wouldn't need to continue to blame people for the BS they created.

That's all they have ever done and continue to do, whenever they want to continue to steal from our tax dollars - they recklessly spend and invest and then wait for the government to bail them out.  This is after they have put the profits in their pockets.

Guess who's funding the government - we tax payers.

Why don't you GOPers just stop finding loopholes and ways to steal our money, and be true American citizens and work for it like everybody else does?

I mean how long do you think you can go on, monopolizing the market - using any kind of lame brain excuse to raise oil prices (speculation) and think that we will just set by and allow you to continue.

The saddest and most degrading part of your charades is that you GOP's think - If you implant words like -mental recession, physiological, etc.

That magically we would think - "oh yea - I just didn't lose my house, oh yea I am not paying $4.25 for a gallon of gas, oh yea they just didn't lay off 50 people at my plant, it was all my imagination and my money is still in the bank - John McCain and Phil Gramm are right, and this sheriff that walking up to my door, to put my "life worth of property “on the street - he's not real either.

You republican have always thought that if you say it enough people will believe it.  Well - reality is more substantive than your BS attempts to play "mental mind games".

We all know that the only "mental recession" that is happening is the delusional BS that comes from you idiot republicans.

YOUR DAYS ARE NUMBERED -

Thank you and GOD BLESS AMERICA
Does Gramm honestly believe we BELIEVE he meant the LEADERS? No such thing. He didn't get the reputation in the Senate for being an "evil SOB" for nothing. This man is as mean, old, and crotchty as McFossil. They've been friends, afterall, for over 25 years. This is CLEARLY the view they BOTH have of the American people and they both need to be REJECTED by the American voter come November. How can McFossil even have Gramm as an Economic advisor since Gramm is responsible for the mortgage crisis many folks are facing today. Fool me once, shame on me, fool me twice..............Send them packing in November! Obama '08
Folks, don't get too excited about Gramm's comments.  It's only a matter of time before an Obama surrogate says something stupid and we if get exercised over this, then we'll have to take it when it happens to our guy.
“Gramm defended his recession comments, saying journalists have been ‘amplifying bad economic news’ and too many people believe things are worse than they really are.
====================================================
The media doesn't have to tell me my husband is out of a job............gas is 4 dollars a gal.........food price are soaring........war in Iraq is costinging us billions a month.........Gramm you are an old rich idiot.
Regardless of what happened with John Sydney McCain III during his first marriage, there are still women who will gravitate to him. Join us:

http://www.womenforjohnmccain.com/
....and as of today, Gramm has not backed off his remarks,  Actually he expanded on them.  

This is the man who lobbied for legislaton to deregulate motgage companies and created the Enron loophole while working for a Swiss bank, UBS. Tracve back the impact of this legilation on the US economy and you will know how we got there. He is so isolated from the needs of the American people he believes, in his professorial world, that real people are suffering.

Senator, he may not speak for you but he has not resigned and you have not fired him.  He may not speak, but you sure do listen.






Next time some calls Obama an elitist,


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