McCain wants to make the king of the subprime debacle his Treasury secretary.

[AZBlue]

Let's forget the Clinton/Obama arguing for a minute - Obama's the nominee, it's over, and in a few days it will be officially over. We need to focus on McCain - and this is a scary and astonishing fact:

Who's to blame for the biggest financial catastrophe of our time? There are plenty of culprits, but one candidate for lead perp is former Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America? Hardly. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure.

Details here: http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

[Swamp Rat]

1. Obama is going to destroy him in the GE debates.

:bounce:

[AZBlue]

6. Especially since McCain won't have Lieberman to whisper in his ear.

It really will be fun.

[Swamp Rat]

7. Look for an earpiece and a lump on his backside or belt.

[KAZ]

2. Kick and fn R. The Turtle best never come around my hood.

'less he likes being soup.

[thoughtcrime1984]

3. McCain is stupid if he thinks that we won't find this shit out. We're gunning for you, Repugly!

[AZBlue]

4. And there's SO much to find out!

He'll be buried by July - we just need to give Obama a month to focus on him and he'll be done.

[billyoc]

5. "I don't think anybody will notice if we slip Gramm in, do you?"

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[Snarkoleptic]

8. Makes sense....

He's all about death and destruction.

[Hardrada]

9. Gramm used to be a Democrat.

But a DINO. He was one of the types like Ben Nightsoil Campbell that jumped the ship to the the repuke side when Reagan was riding high in the saddle.

[chill_wind]

10. Ah. Explains especially well why McCain defends the Enron Loophole.

McCain Defends 'Enron Loophole'
Submitted by Sheila Samples



McCain opposes the farm bill because it “rewards lobbyists,” although he would support “a reasonable level of assistance and risk management to farmers when they need America's help.” But an aide, who spoke on condition of anonymity, acknowledged McCain also opposes the farm bill because Gramm advised McCain that he should resist its regulatory language on the energy futures market.

http://www.opednews.com/maxwrite/link.php?id=60035

(...)

Sen. John McCain says he opposes the $307 billion farm bill because it would dole out wasteful subsidies, but his chief economic adviser Phil Gramm also wants to stop its proposed regulation of energy futures trading, a market that was famously abused when Enron Corp. manipulated California’s electricity prices in 2001.


Clearing the way for that California price gouging, Gramm, as a powerful Texas senator in 2000, slipped an Enron-backed provision into the Commodities Futures Modernization Act that exempted from regulation energy trading on electronic platforms.

Then, over the next year, Enron – with Gramm’s wife Wendy serving on its board of directors – worked to create false electricity shortages in California, bilking consumers out of an estimated $40 billion.

Gramm left the Senate in 2002 but now has emerged as what Fortune magazine calls “McCain’s econ brain,” not only filling the Arizona senator’s acknowledged void on economic expertise (“I don’t know as much about the economy as I should”) but recognized as one of McCain’s closest friends in politics. The two men talk daily.

more: http://www.consortiumnews.com/2008/051908a.html

[chill_wind]

11. And just let me add--- Obama will go nuts with that!

What a gift..

[AZBlue]

17. He will wipe the floor with McCain.

It's going to be so much fun!!
:bounce:

[chill_wind]

18. Yes. He. Will!

:-)

[AtomicKitten]

12. Karma will be a bitch for McCain on that one.

:hi:

[AZBlue]

15. A new yoga pose: the feline

The top of your body goes one way and the bottom half goes a completely different way. Goooooood stretch!
:hi:

[AtomicKitten]

16. hey, that's exactly what happened

when I fell down the stairs last year compliments of my dog, Seven, who for some reason felt the sudden urge to buzz me on the stairs knocking me over

ouch! :D

[chill_wind]

13. McCain's econ brain (Fortune Magazine)-- it's out there, alright.

http://money.cnn.com/2008/02/18/news/newsmakers/tully_gramm.fortune/index.htm?postversion=2008021917

[HowHasItComeToThis]

14. HE IS ONE OF THE MOST REPULSIVE OF THE REPUGNANTS

HEDGE FUNDS LOVE THIS SLIME BALL.:puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke:
:crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy:
:argh: :argh: :argh: :argh: :argh: :argh: :argh: