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Phil Gramm: Gone But Not Forgotten

One of my favorite excuses in public life is the distraction excuse. It's used when someone is caught doing something he or she ought not to have done but does not want to admit the screw-up. So the wrongdoer says he or she is resigning, quitting, or running away to not become a "distraction" that diverts attention from a greater cause.

Thus, when former Senator Phil Gramm quit as cochairman of the McCain campaign, he did not acknowledge that his headline-making comments (Americans worried about the economy are "whiners" and there is nothing but a "mental recession" under way) were worthy of dismissal or that his past as a lobbyist for a Swiss bank and a Senate committee chairman who committed a backroom maneuver that led to the subprime crisis made him (or should have made him) radioactive for McCain. No, he took the faux noble route of purported self-sacrifice. Here is his statement:

It is clear to me that Democrats want to attack me rather than debate Senator McCain on important economic issues facing the country. That kind of distraction hurts not only Senator McCain's ability to present concrete programs to deal with the country's problems, it hurts the country. To end this distraction and get on with the real debate, I hereby step down as Co-Chair of the McCain Campaign and join the growing number of rank-and-file McCain supporters.

Yep, the only problem is those awful Democrats who want to turn Gramm into a pinata-for-McCain. It does seem that McCain's foes will no longer have Gramm to kick around. But it sure won't be a distraction for Democrats to remind voters that when McCain was seeking economic advice he turned to a Swiss bank lobbyist who previously had helped steer the nation into the subprime debacle, for while Gramm may be gone, the consequences of his actions are still very much present.

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Comments
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Hey, isn't UBS (Where Phil Gramm is a Vice-Chairman) the same bank that's been testifying about secret offshore, tax-evading, accounts? Gotta love that Phil Gramm.

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Don't forget his role in the Enron debacle too. He is a jerk. He is the neo-con of economics and banking and his theories are disastrous.

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Al Hubbard will carry the ball now. Speaking to the Center for American Progress on the 17th the McCain healthcare guru blamed whiners for the rise in health care costs claiming they wanted "cavier" health care.

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I bet ol' Gramm cracker is the one whinin now....scum, loser, pathetic little boy you DO NOT want to run into me in a dark alley phil as I will give you something for your heinous ass to whine about

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the only whiners is you and the other scums you hang out with.

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Phil Gramm is responsible for much of what is wrong with our economy - but I suspect that just as the congressional deregulators let us in for the savings and loan meltdown - no one will be really held responsible. Except, perhaps, at the ballot box.

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Hey Joe,

Your comment reminds me of Einstein's observation: "Genius, unlike stupidity, has its limits."

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You can still kick McCain around. He was one of the "Keating Five" who got tangled up in the scandal of the savings and loan debacle a couple decades or so ago. No one mentions that anymore. Perhaps we'll have to remind them.

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"cavier" health care. [???!]
Posted by: r.l.sauer

Hey, I just would like to afford even a simple saltine cracker! People with pre-existing conditions can't even get that!

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So who's whining, ya take Wendy's Chili and mix into the dog food before you put your macaroni in and vwala
you got a special meal , cheap.

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