Originally Posted By: whomod
Ah, so you just don't care that the guy who's advising McCain on economic matters helped cause the current housing crisis.

After Gramm passed a law easing regulation of energy-commodity trading, California experienced a sharp run-up in energy costs. The energy-trading company Enron was blamed and soon collapsed.

The final UBS form listing Gramm’s work as a lobbyist says he was lobbying the Senate in the second half of 2007 regarding the Helping Families Save Their Homes in Bankruptcy Act. The bill would have let bankruptcy judges rewrite mortgage terms for Americans facing foreclosure so they could repay their loans and keep their homes.

The banking industry opposed this measure. The bill failed.

And this is the guy McCain is thinking of making his Treasury Secretary.

Gotcha.

If I were you, I'd try to ignore this as well.


Conversely, Phil Gramm was the co-creator of the Gramm-Rudman bill during the Reagan years, the first serious attempt to balance the budget.

The Democrat congress undermined that attempt to balance the budget by inflaming senior citizens with fears that their social security benefits would be slashed. And being the largest and most vocal group of voters, Grammm-Rudman was quickly set aside.


Regarding the kind of ties to lobbyists you partisanly cite, you conveniently fail to mention that Barack Obama, Hillary Clinton, Nancy Pelosi, Harry Reid, and many others are equally culpable in similar associates, subordinates and direct connection to scandals, if not far worse Democrat scandals.

So you're an evasive lying cocksucker, just like always.