The Return of Foreclosure Phil


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.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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