In an interview with the Washington Times yesterday, Sen. John McCain’s “econ brain,” former senator Phil Gramm, complained that America has become a “nation of whiners” over the economy because he believes “the economy is not as bad as you read in the newspaper every day.” “This is a mental recession,” said Gramm. Now, McCain’s campaign is distancing itself from Gramm, telling MSNBC that the “comments are not representative of John McCain’s views.” Watch it:
Unmentioned by the McCain campaign, however, is the fact that Gramm’s “mental recession” comment reflects McCain’s previous contention that “a lot of our problems today…are psychological.”
In 2005, after admitting that he “still needed to be educated” on economic issues, McCain reassured the Wall Street Journal’s Stephen Moore by saying that he turns to Gramm for advice:
On a broader range of economic issues, though, Mr. McCain readily departs from Reaganomics. His philosophy is best described as a work in progress. He is refreshingly blunt when he tell me: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.” OK, so who does he turn to for advice? His answer is reassuring. His foremost economic guru is former Texas Sen. Phil Gramm.