...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.
In 2007 and 2008, McCain had this to say about Gramm:
McCain has frequently praised Gramm — who Fortune Magazine has labeled “McCain’s econ brain” — as a central beacon for his economic thinking:
- Phil Gramm’s “active participation in my campaign makes a strong statement about our intention to reduce spending and make the tax cuts permanent,” said McCain in an e-mail announcing Gramm as a general co-chair of his campaign. [3/12/07]
- “I love him dearly. On issues of economics and … family values, there’s nobody that I know that’s stronger,” McCain said of Gramm. [1/19/08]
- “I respect no one more in America on issue of economics than I do Phil Gramm,” said McCain after Gramm “vouched” for his conservative credentials. [1/18/08]
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