Getting a grip on the economic catastrophe that rocked the country during the fall of 2008 is no easy feat, what with so many players, back-room deals, bills, upswings and meltdowns to consider. Updated
Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.
And now, this latest dispatch from the U.S. Department of Unintentional Irony: Sen. John McCain spoke out against the Federal Reserve's recent bids to give life support (read: gigantic amounts of money) to failing financial institutions. Isn't he the same guy who has looked to Phil Gramm for economic advice?
Phil Gramm's dismissal of America's economic suffering has forced him to the political sidelines, but as one of the congressional architects of Republican economics, the mess he made will haunt Americans no matter who the next president is.
How does someone go from being a trusted economic adviser to being a prospective ambassador to Belarus? Ask McCain fixture Phil Gramm, who dismissed America's economic problems as a figment. Here with more, the nation's finest talking heads.