Monday, September 22, 2008

McCain's Phil Gramm's puppet

John McCain is like a weather vane. He spins in any direction and will spin out lies and hokum and sell snake oil at the drop of the hat. Look who's advising him on the economy, the old swindler Phil Gramm who did much to loosen regulation of markets. After his run in the US Senate, he is now an employee of UBS, the Swiss bank who's up to its eyeballs in subprime debt and under the scrutiny of the US government for breaking tax laws to let the superrich not pay a dime of what they owe the US Treasury. And now he wants the widen the us$700bn bailout to a larger sum so that his bank UBS can suck up US taxpayers' largesse! Ain't that a kick in the head? It is! He's the man who let Enron get off with paying more...in fact his wife Wendy Gramm sat on Enron's board...and she's now heading a foundation for government deregulation. Does this all sound all too familiar? It should since the keywords of Gramm's snake oil economics keep popping up in McCain's sound bytes. And Gamm's has the balls to say the US rate or taxpayer whimpers at paying geometrically more than his fair share of taxes whilst vermin like Gramm & the McCains & the Bushes & the Cheneys & the scum of their class don't! They all deserve to be in gaol!

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