Gramm's Role Reduced

Mccain's Advisory Team

Gramm had played an important part in crafting McCain's economic plan, and he occasionally appeared at rallies or spoke to editorial boards on the presumptive GOP nominee's behalf. But no longer, according to two key McCain advisers, after Gramm told the Washington Times that the country was filled with "whiners" and the United States is merely in a "mental recession." Full Story »

Posted by Dwight Rousu

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Dwight Rousu
3.1
by Dwight Rousu - Oct. 1, 2008

The story has echoes of a stinking ship telling the rats to swim away. No mention is made of Gramm being a principle architect of laws that deregulated the financial industry and had a major role in causing the current crisis, and not explanation of why Gramm was selected as an adviser in the first place. Perhaps McBush's disclaimer that he is not too great at economics also spills over to the choice of economic advisers.

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