Phil Gramm is in the headlines today--being slammed by Democrats and disavowed by the McCain campaign--for complaining to The Washington Times that "we have sort of become a nation of whiners." Gramm, who chairs John McCain's campaign and who advises the presumptive Republican nominee on economic matters, pooh-poohed talk of a recession: "You've heard of mental depression; this is a mental recession." The former Republican Senator and current vice president of Swiss bank UBS dismissed talk of US economic woes and declared, "We've never been more dominant; we've never had more natural advantages than we have today. We have benefited greatly" from globalization.
Predictably, liberal bloggers and Democrats blasted Gramm for being out of touch with the real world. The McCain camp initially stood by their man but then distanced itself from Gramm's remarks, with a McCain spokesman saying, "Gramm's comments are not representative of John McCain's views."
But as this tempest was under way, another Gramm story went little noticed: a top McCain aide indirectly implicated Gramm in the current economic mess.
On Thursday, Portfolio magazine released an interview with Carly Fiorina, the former Hewlett-Packard CEO who is now a top adviser and surrogate for McCain. In that article interviewer Lloyd Grove asked Fiorina "who and/or what is to blame for the souring economy?" Her answer: