Category Archives: Farm Bill

McCain’s economic advisor is Phil Gramm?

Thanks to a new article up on the website The Public Record, I now have an Excedrin headache. Philly Gramm has only served one constituency his entire public life…that of the Corporatocracy and it’s incestuous sister the Financial Industry. Now, as Weathervane McCain’s chief economic advisor, we can expect old Johnny to tow the corporate line too, but of course under the guise of helping Americans.

Phil Gramm hates regulation of any market or any business. His love of all things capitalistic is legendary, as Leopold points out in his piece. Gramm was instrumental in giving Enron free rein during their heyday.

It’s also a family affair for the Gramms. His wife Wendy was on the board of directors at Enron.

So, when McCain says he doesn’t like something that will hamstring businesses and/or corporations…he is really towing the line as laid out by Phil Gramm. Take the Farm Bill currently before Congress. Johnny says he doesn’t want to reward lobbyists…but if the truth be known..that ain’t the real bitch that McCain and his buddy Gramm have with the bill. From TPR’s article:

But the aide, who spoke on condition of anonymity, acknowledged that the presumptive Republican presidential nominee also opposes the farm bill because Gramm advised McCain that he should resist its regulatory language on the energy futures market.

Interesting no? Gramm is still looking out for his buddies. Bush has already stated he will veto the bill, because he too is a big supporter of unfettered capitalism..even at the expense of we, the people.