How the mighty have fallen!
Gramm was a presidential candidate a few election cycles ago. He was the key economic advisor to McCain. Of course, the guy is still an executive with UBS Investment Bank, so he won't be missing any meals.
The odd thing is that Gramm was simply repeating much of what McCain has been saying about the economy over the past few weeks. Check out the following video to see what I mean:
Doesn't it sound like Phil Gramm, John McCain and George Bush all think that high gas prices, high food prices, low stock market prices, increasing unemployement and other economic problems that we are experiencing are simply 'psychological'? Do they truly think that the problems are all in our heads?
Anyhow, I'm glad that Phil Gramm is now out of politics. Next we need to get George Bush and John McCain into the retirement home as well! What say u?