Why did McCain pick - as his ECONOMIC GURU - a patron of Enron, sub-prime lenders & tax cheats?

The problem with Phil Gramm is NOT that he called America a nation of "whiners". (Gramm himself might perhaps be a plausible candidate for chief whiner.)

The problem with Phil Gramm is his POLICIES: Corporate Welfare and its disastrous results: Enron, the sub-prime meltdown, rampant commodities inflation, and the enlistment of the federal bankruptcy courts as collection agents for irresponsible, predatory lenders.

And that was all when Gramm was still in the Senate.

Gramm's resume AFTER leaving the Senate makes his selection by McCain almost beyond credibility:
How could any candidate ever select, for any job (much less that of chief economic guru), a man serving as lobbyist (and US executive) for a foreign bank whose specialty is offering secretive off-shore havens for wealthy American tax cheats?




What on earth was McCain thinking?





Gramm, as chairman of the Senate Banking Committee, was a chief architect of banking and commodities trading deregulation, and a co-sponsor of the Commodity Futures Modernization Act of 2000.



Gramm, as the reliable Senate point man for predatory lender's, repeatedly attempted to (in the blasphemous name of "bankruptcy reform") turn the nation's bankruptcy courts into a club wielding collection agent of irresponsible sub-prime lenders --- the same lenders who send unlimited unsolicited credit cards to unemployed students. (No matter that banks had prospered for generations by simply using responsible lending practices - - - these bankers now wanted loan shark rates, without the risk, and with the government as their collector.)





The selection of Phil Gramm by John McCain presents major question about McCain's values, priorities, and judgment.


(Phil Gramm is to economic policy, what Dick Cheney is to constitutional government.)


Gramm's comments about "whiners" is only a small window into Phil Gramm's dark soul.


Which raises this questions:


- - What vales does John McCain share with Phil Gramm?


- - Is Phil Gramm a lens through which to view John McCain's "Dark Side"?


(Or has McCain simply lost his bearings?)







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Some guy from the Nation was pointing out on KO's Countdown how Graham got caught telling the truth about the
"let them eat cake" attitude of the GOP/Bush/McSame crowd. The video clip was posted earlier but I'm too lazy
right now to dig it up for you.

Anyway I thought his point was well taken.

The MSM gave him a pass on that, like everything else.

Yet, will the 'Lap Dog' media ask it?

By the qay, great work, charles t!

You don't work with someone that close year and year and not agree with their economics. McCain came from Keating Five. Crooks select fellow crooks, as long as they can get away with it.

The problem is he'd be hard pressed to find any high profile GOP economic advisor without those kind of shady ties and let them eat cake type of attitude.

His other economic advisor Mrs. Bankrupt HP and Lucent technologies is on the record as saying Americans feel entitled to jobs. They aren't.