Why John McCain should not be President (Part 3)
As pointed out in part 2 of this series, it has been discovered recently that McCain’s economic advisor, Phil Gramm, was employed UBS, a Swiss bank that Gramm was lobbying for as it relates to the mortgage industry. What’s troubling is that Gramm helped the mortgage industry by helping to deregulate the banking industry and help perpetuate the problems we now see in the mortgage industry.
And what was McCain’s response to this?
“Senator Gramm has one of the most honorable records of anyone who has served in the United States Senate and, of course, he’s never lobbied me.”
I think McCain misses the point. The problem isn’t that Gramm has lobbied for McCain, it’s the fact that he was a lobbyest period. By McCain’s own campaign policies, Gramm should not be a member of his campaign. He goes against the very things McCain keeps preaching about…and he’s providing economic policy advise? Tell me there isn’t a contradiction here.
Recently, Keith Olbermann pointed out more about the Gramm scandal…and it gets worse. I’ll let Keith take the conn:
What blows my mind is that these facts are pointed out and yet so many Republicans keep throwing it back and saying,”You’re wrong!” Look, I’m an Obama supporter, but even I will admit when Obama is wrong or has serious problems with his policies. Nobody is perfect. Until both Republicans and Democrats realize that, until they start looking at the bigger picture, nothing is going to get done.
