Phil Gramm: "No Evidence" Deregulation Helped Cause Crisis

drchc15

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Monday November 17, 2008 · 5:32 PM PST

2008/11/17 · 17:32

Continuing our general discussion on the trouble Republicans seem to have had lately in dealing with reality, we now get this truly jaw-dropping article by the New York Times today concerning fanatical deregulator Phil Gramm.

Gramm, you probably remember, was one of John McCain's chief economic advisers, at least until he went on TV and said the country was only in a "mental recession" and called Americans "a nation of whiners."

Now, looking back at his career in Washington and as a lobbyist for UBS, Gramm sees nothing wrong with what he hath wrought. More details below the fold.

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