(Community Matters) At least by the end of the day John McCain was acknowledging there were fundamental threats to the economy; earlier today he said the economy was fundamentally sound.
by the way, I always chuckle when folks are taken aback by Phil Gramm, his role with Senator McCain and his Marie Antoinette comments on the economy. Of course he’s shorting something and gaming folks to buy. That Phil deregulated the financial services industry (as chairman of the powerful Senate Committee on Banking, Housing and Urban Affairs) then cashed in on a seven figure salary at UBS is so typical of the the worst Congressional leaders (can you say Rangel, I’m an nonpartisan conflict of interest basher). Also, folks forget that Phil’s wife, Wendy Gramm, gamed Americans as a board & audit committee member of Enron who cashed out many chips while enjoying rich compensation before the bust. She was also quite helpful as the Bush appointed former Chairman of the US Commodity Futures Trading Commission. Folks don’t get that most of McCain’s senior advisers are in these same positions.