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Phil Gramm is McCain's top economic advisor. The TOP one. As in... no one is above Phil Gramm on economics.
He was interviewed by the Washington Times. He is an unrepentant wacko free trader. Gramm is a vice chairman of UBS (the Swiss bank), a post for which his Senate service apparently qualified him. UBS is currently being investigated for conspiracy and tax fraud.
Gramm thinks the recession is only perceived by whiners, but it does not exist.
"You've heard of mental depression; this is a mental recession," he said... "We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
This guy is from the moon. The moooooooon... I say.
"We've never been more dominant; we've never had more natural
advantages than we have today," he said. "We have benefited greatly"
from the globalization of the economy in the last 30 years.
What is McCain's view of Gramm?
I’m very worried over about the rising tide of protectionism, which was manifested in the last election. I’m a free trader. Since Phil Gramm left, there’s no greater free trader in the Senate than I am.
Gramm is an economic advisory to the McCain campaign. Maybe that explains the campaign trips to Mexico City and Colombia.
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