Archive for the ‘phil gramm’ tag
McCain’s Economic Policy is a Joke? #
Speaking of (things I’ve been ignoring+Slate)… Slate’s economics columnist Daniel Gross does his best to eviscerate McCain.
By virtue of his history as a deficit hawk, a foe of earmarks, and an opponent of the Bush tax cuts—not to mention the presence of reality-based advisers like Douglas Holtz-Eakin, former director of the Congressional Budget Office—McCain deserves some benefit of the doubt. Unfortunately, the brains behind the economic operation seems to be former Sen. Phil Gramm, the Texas A&M economist-turned-senator who confidently forecast in 1993 that the Clinton program of spending cuts and tax increases on the wealthy would be “a one-way ticket to recession.” And the sections on McCain’s Web site about domestic policy reveal, as Matt Yglesias noted, “a nearly astounding level of vacuity.”