Phil Gramm, still bullshitting on America

What else can you call it?

Gramm writes about the Depression and how it was so bad for America. Talk about the blind opining for the blind:

There are 4.6% fewer people employed in the U.S. today than at the start of the recession. Euro zone countries have lost 1.7% of their jobs. Total employment in the U.K. is down 0.6%, G-7 average employment is down 2.4%, and OECD employment has fallen 1.9%.

Gramm conveniently ignores that other G-7 all have a better social safety net than the U.S., as well as less income inequality, and have done less to export jobs out of country than us.

Beyond that, he confuses cause and effect in general. (Surprise.)

And lies about there being no recovery at all from the Depression until WWII, when, FDR's turn to fiscal conservativism stunted growth he had started.

Worst of all, as Andrew Leonard notes, is Gramm's claim that the New Deal has "no broad appeal in the 21st" century.

Rather, if Gramm told the unvarnished truth about his late-1990s economic wrecking ball, we'd see what had "no broad appeal."

And, speaking of lack of appeal, Leonard finishes by scoring Obama for not acting more like FDR.