McCain refuses to rule out appointing Phil "Nation of Whiners" Gramm as Treasury secretary

http://www.americablog.com/2008/09/mccain-refuses-to-rule-out-appointing.html

Not only is Phil Gramm the guy who called Americans a "nation of whiners" for being concerned about the economy, and who said that the economy is fine and anyone who thinks otherwise is simply suffering from a "mental recession." But Phil Gramm is also one of the chief architects of the deregulation of Wall Street (that John McCain supported), and which directly led to the current economic meltdown. Read this transcript. It's actually quite horrifying the degree to which McCain's spokesman is refusing to say that Gramm won't be in McCain's cabinet. Folks, there's a very real possibility that one of the architects of our current economic crisis will be appointed as John McCain's top guy to fix the same crisis. The transcript follows the video:


(snip)

DAVID SHUSTER: You can make it clear right now. Can you assure that John McCain will not pick Phil Gramm as treasury secretary if John McCain wins this election?

TUCKER BOUNDS: He’s not even an adviser on this campaign, David. I don't know where these sorts of rumor mills come from –

DAVID SHUSTER: Why don't you put them down and say that he’s –

TUCKER BOUNDS: – but I think they come from the Obama campaign straight to you straight to a question on air.

DAVID SHUSTER: Well Tucker, you can make your point better. Just say Phil Gramm – John McCain has told me Phil Gramm will not be treasury secretary under any circumstance in a McCain administration.

TUCKER BOUNDS: It is an absurd thing to say. It would be as if I was to say Franklin Raines is going to head up the Housing and Urban Development wing for Barack Obama.

DAVID SHUSTER: Right, but the difference, Tucker, is the Obama campaign says that’ll never happen. And I have yet to hear you say –

commodities futures trading and mortgage backed securities which lead to the near colapse of the commercial banking system. Commodity Futures trading has gone up 20x since 2002 and this is why gasoline oil, and even grains have gone up so dramatically in price.

The CFMA couldn't get passed so the Republicans put it on as a rider to an 11,000 page appropriations bill and got it passed that way. Gramms wife and Wallstreet lawyers wrote the bill that became law - which lead to huge price rises in oil and grains among other commodities and the near colapse of the banking system due to mortgage backed securities trading.

http://www.star-telegram.com/ed_wallace/story/651928.html

No question that the biggest anti regulation president would make that jerk his Treasury Sec

supporting McLiar. He is almost as loathsome as Hannity.