Monday, March 24, 2008

McCain: Econ 101

John McCain has picked himself a real winner of an economics advisory panel. From Josh Marshall at TPM:

Krugman has two very good points in tomorrow's column. 1) The eerie silence on the campaign trail about what financial crisis we're currently struggling to make our way through and 2) The fact that John McCain's primary economics advisor, former Sen. Phil Gramm (R), is probably as responsible for setting the stage for this crisis as anyone in the country through his legislative role in the deregulation of the financial services industry.

Also, highly inspiring is the fact that another of McCain's advisors is Kevin Hassett, he of "Dow 36,000" fame, sort of an avatar of boom market snake oil, if you will. More generally, as Kevin Drum notes, if you think McCain's foreign policy is 'Bush Redux, Just More Nuts', well, then wait till you see his economic policy.

24 March 2008

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