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McCain's econ brain (Phil Gramm)
Fortune on CNNMoney.com ^
| 2/19/08
| Shawn Tully, editor at large
Posted on 03/02/2008 10:32:31 AM PST by SupplySider
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Supply-sider Phil Gramm seems to be running the McCain econ show. The health care reform proposal alone is free market dynamite.
To: SupplySider
The health care reform proposal alone is free market dynamite. You mean they want to get the federal government completely out of it?
2
posted on
03/02/2008 10:35:11 AM PST
by
EternalVigilance
(McCain supporters: "We have nothing to offer but fear itself!")
To: SupplySider
Had McCain truly not supported the tax cuts because of the ballooning budget, then I could cut him some slack, but it’s his statements at the time regarding “tax cuts for the wealthy” that make me distrust him. We’ll see how it plays out when another issue replaces the economy. :) I do miss seeing ole Phil Gramm every once in a while though.
3
posted on
03/02/2008 10:35:48 AM PST
by
IMissPresidentReagan
("Don't give up your ideals, don't compromise, don't turn to expediency..."Ronald Reagan, 1976)
To: SupplySider
That’s very fortunate, because McCain graduated fifth from the bottom of his class an the Naval Academy.
To: IMissPresidentReagan
Phil Gramm...another ego.
5
posted on
03/02/2008 10:38:02 AM PST
by
lonestar
To: SupplySider
He twice opposed the Bush tax cuts and keeps dropping disturbing lines like, "I don't know as much about the economy as I should." It's too bad W never admitted his economic ignorance, then he could have sought help.
6
posted on
03/02/2008 10:40:01 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: lonestar
True, but he had charisma....or character....or maybe just plain ole stage presence. At least I listened when he talked, instead of drinking every time he said “my friends”.
7
posted on
03/02/2008 10:42:57 AM PST
by
IMissPresidentReagan
("Don't give up your ideals, don't compromise, don't turn to expediency..."Ronald Reagan, 1976)
Comment #8 Removed by Moderator
To: IMissPresidentReagan
If McCain will stick to these principles, I can vote for him without holding my nose.
9
posted on
03/02/2008 10:51:02 AM PST
by
mtnwmn
(mtnwmn)
To: EternalVigilance
You mean they want to get the federal government completely out of it?McCain's (i.e., Gramm's) health care reform proposal is simplicity itself. No business tax deduction for offering health insurance. Instead, a yearly tax rebate of $2,500 per individual or $5,000 per family that can be used used on health insurance only. And fewer, not more, regulations of how insurance companies can structure their products.
Comment #11 Removed by Moderator
To: SupplySider
Doesn’t matter how many shiny baubbles McCain offers, I’ll still never support him.
12
posted on
03/02/2008 10:54:13 AM PST
by
EternalVigilance
(McCain supporters: "We have nothing to offer but fear itself!")
To: SupplySider
By the time McCain got done wheeling and dealing with his good buddy Teddy Kennedy, his program would look like HillaryCare anyway.
13
posted on
03/02/2008 10:56:44 AM PST
by
EternalVigilance
(McCain supporters: "We have nothing to offer but fear itself!")
To: SupplySider
This is indeed good news. I think Arthur Laffer is also advising him. There is hope.
To: EternalVigilance
For me, it's now well worth the risk voting for him. It is easy to imagine him caving on everything decent economically in order to please his media friends. However, I don't think he has the knowledge or the desire to oppose Gramm, one of his best friends, on these issues.
McCain also has the endorsements of Steve Forbes and Jack Kemp. Wendy Gramm, Phil's wife, is also a leading supply-side theorist, and was once named by Pres. Reagan as his favorite economist.
To: SupplySider
No amount of material gain is worth supporting a George Soros-financed traitor to our God-given rights.
16
posted on
03/02/2008 11:07:34 AM PST
by
EternalVigilance
(McCain supporters: "We have nothing to offer but fear itself!")
To: SupplySider
Well put and I agree. However, he now has a first class Reaganite writing his economic positions. That doesn't mean he'll listen to him. McCains biggest obstacle is his ego and actually believing past Chrissy Matthews bloviations of his importance.
17
posted on
03/02/2008 11:08:01 AM PST
by
Bommer
("He that controls the spice controls the universe!" (unfortunately that spice is Nutmeg!)
To: SupplySider
Sounds like more RINOs arranging the deck chairs of the Titanic aka the McPain campaign.
18
posted on
03/02/2008 11:10:43 AM PST
by
johna61
To: SupplySider
But economic conservatives should take heart. McCain's chief economic adviser - and perhaps his closest political friend - is the ultimate pure play in free market faith, former Texas Senator Phil Gramm. If McCain follows Gramm's counsel, and most of his current positions are vintage Gramm indeed, his policies as president would represent not just a sharp departure from the Bush years, but an assault on government growth that Republicans have boasted about, but failed to achieve, for decades."
If true, things could be looking up.
19
posted on
03/02/2008 11:12:03 AM PST
by
rob777
(Personal Responsibility is the Price of Freedom)
To: EternalVigilance
By the time McCain got done wheeling and dealing with his good buddy Teddy Kennedy, his program would look like HillaryCare anyway.Possibly, but not likely in my estimation. Gramm almost single-handedly defeated HillaryCare the first time around. He went to the mat and destroyed her, with the media howling all the way. It's an important part iof his legacy. I think McCain would have to fire Gramm if he went for HillaryCare Lite, and Gramm is one of if not the closest friend of McCain.
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