June 2, 2008
John McCain has been purging lobbyists from his campaign trying to reclaim the mantle of political reformer, but there’s one lobbyist whose role as a key economic adviser makes him almost untouchable despite ties to the sub-prime debacle, links to the Enron disaster and alleged evasion of ethics rules.
Former Sen. Phil Gramm, who was listed as a lobbyist for banking giant UBS as recently as December 2007, has emerged as what Fortune magazine calls “McCain’s econ brain,” filling McCain’s acknowledged void on economic expertise (“I don’t know as much about the economy as I should”).
2 comments:
What I haven't heard much of is the Gramm-Leach-Bliley Act. This deregulated the firewall between banks and investment companies and created the environment for the mortgage crisis. The whole purpose of the regulation was to avoid the type of meltdown that occurred in '29.
And this guy is McCain's Econ Advisor? Hold on folks...
I cant wait till mcgramppy and obama have their first debate since old john doesnt seem to get whats goin on in iraq his signature issue or the economy or climate change or the bush tax cuts or diplomacy or anything else that is when he does an about face and changes his mind about those subjects again obama is gonna go tru mcsames arguments like a wrecking ball tru a wrickity old out house....cant wait till he starts to get his butt kicked figuritively that is and explodes into one of his temper tantrums on stage oh a man can dream cant he??
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