Phil Gramm resigned as co-chair and chief economic advisor of the McCain campaign today. Thank Goodness. For more on the fascinating scandal of Phil Gramm and the housing credit crisis, please see David Corn's excellent article, Foreclosure Phil on motherjones.com. Truly, the yellow sidebar on the right explains it far better than I ever could.
I have to wonder . . . after Gramm wrecked our economy by writing laws allowing unchecked speculation on energy trading, and the collapse of the American mortgage banking industry, could it really be the idiotic "Nation of Whiners" comment that was ultimately Gramm's downfall within the McCain campaign? Or could it have been the porn?
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