Tag Archives: Gramm

Phil Gramm, who now is the No. 2 at the Swiss bank UBS, told The Washington Times the US has benefited from globalization but most Americans are misguided by constant reports that the economy is at its worst in 30 years. “You’ve heard of mental depression; this is a mental recession,” Gramm, a former Texas senator, told the newspaper, adding that the presumptive Republican nominee will face an uphill battle fighting those perceptions. “We have sort of become a nation of whiners,” he said …