The Labor Department reported that soaring costs for gasoline and food pushed inflation at the wholesale level up by a bigger-than-expected 1.8% in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century.Phil Gramm doesn't understand the suffering of the average American and he is Mccain's chief economic advisor. He is also responsible for a great deal of legislation that did away with oversight. Imagine him as the Treasury Secretary under McCain. That should send chills down the spine of all middle and lower class Americans.
Over the past 12 months, wholesale prices are up 9.2%, the largest year-over-year surge since June 1981, another period when soaring energy costs were giving the country inflation pains.
These people do not have your best interests at heart. They are there solely to facilitate the destruction of the middle class. The understand that without a middle class it is much easier for a ruling class to take and hold power. It has been the middle class that has kept our democracy strong. Kill the middle class and you will kill the democracy but hey that's exactly what they want.