?

Log in

No account? Create an account

Previous Entry | Next Entry

Mental Recession: McCain's Economic Brain

MCCAIN’S “ECONOMIC BRAIN”
Wednesday, July 23, 2008
Posted by Jim Hightower

Hoo-boy, what a scream Phil Gramm is!

He’s the sour old former-Texas senator who, in 2002, leveraged his chairmanship of the banking committee into a sweetheart job as chief lobbyist for UBS, a giant investment bank on Wall Street. He’s also tight with John McCain, who made Phil his campaign co-chair and top economic advisor last year.

McCain, who has admitted that he doesn’t know much about economics, counts on his old senate buddy so much that Fortune magazine dubbed Gramm, “McCain’s econ brain.” The two say they confer every day, and McCain recently gushed: “I respect no one more in America on issue[s] of economics than I do Phil Gramm.”

Imagine the senator's surprise, then, when his econ brain recently began sputtering out elitist vitriol about the hoi polloi. Gramm said he has no patience with all these stories about people facing hard times, declaring that America has “sort of become a nation of whiners.” The economy is fine, pronounced the economic doctor, except that people have fallen into “a mental recession.”

the rest of the article

Comments

( 1 comment — Leave a comment )
hausfrauatu
Jul. 25th, 2008 03:09 pm (UTC)
The economy is fine...facepalm.
( 1 comment — Leave a comment )

Profile

moon
liveonearth
liveonearth

Latest Month

August 2019
S M T W T F S
    123
45678910
11121314151617
18192021222324
25262728293031

Tags

Page Summary

Powered by LiveJournal.com
Designed by chasethestars