The Return of Foreclosure Phil

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Phil Gramm, booted from the McCain campaign for calling struggling Americans a “nation of whiners” in a “mental recession,” is back in the mix.

Reportedly, Gramm was seated in the front row of a McCain speech at the Aspen Institute. Gramm told the press, “I am a supporter of John McCain. I am helping him with fundraising. We have a fundraiser today and I will be with him today and tomorrow.”

And John McCain responded, “Phil Gramm and I and Wendy (Gramm) and Cindy and I go back many, many years, and I’m always grateful to see my friend, Phil Gramm. Thank you, Phil, for all your friendship and support.”

I think it’s safe to say everyone has kissed and made up. That’s only possible because the media, the McCain campaign, and the American public believed the problem with Gramm was a few intemperate remarks. But that’s not true. Gramm believes in a radical form of economics that bulldozes the concerns, needs, and rights of everyday people in favor of corporate profits. He is, in large part, responsible for the foreclosure crisis facing America.

He doesn’t need to be taking a few weeks off from the campaign. He needs to be taking a few years off from public life altogether.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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