Submitted by John Doe, Sep 15, 2008 18:29

That must sound reassuringly firm to everyone willing to overlook the fact that McCain has been in Washington for the past two or three decades while the regulatory regime was gutted and finance capital ran wild. He was snoring at the switch, having given his proxy to Professor Phil Gramm, former Republican senator from Texas and current lobbyist and vice president at UBS, whose responsibility for the subprime crisis is equaled only by former Federal Reserve Chairman Alan Greenspan and perhaps former Treasury Secretary Larry Summers. McCain cannot so easily escape the taint of his close association with Gramm, who until last month co-chaired his campaign and whose economic extremism has long influenced the Arizona senator. (Indeed, at the height of Gramm's malign career in the Senate, McCain co-chaired his awful presidential campaign.) For years now, McCain has been telling conservatives that Gramm is his main economic adviser.

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