Gramm and McCain Still Close Pals? That’s Good News for Dems

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Robert Novak reports–and his reporting is not always spot-on–that John McCain has forgiven Phil Gramm after Gramm called America a “nation of whiners” and dismissed current economic troubles as nothing more than a “mental recession.” According to Novak, “Gramm will continue as an adviser and surrogate” for McCain. Gramm is still cochairman of McCain’s presidential campaign.

This reporting counters recent news stories that Gramm has been nudged aside within McCainland. If it is true, Democrats can only respond this way: good! Gramm is a wonderful–and deserving–target for Dems and the Obama campaign. But not only because his out-of-touch remarks seemed to reflect the inner thinking of McCain and his advisers. Gramm represents much of what has gone wrong with the economy. As chairman of the Senate banking committee, he championed relentless deregulation that led in part to the subprime mess and to the Enron debacle. After leaving the Senate, he then became a lobbyist and executive for Swiss bank giant UBS. (Remember when McCain used to blast lobbyists?) These days UBS is in the news for allowing wealthy American clients to park money off-shore (perhaps illegally) to avoid taxes.

So McCain was happy to recruit Gramm for his campaign–despite his past record, ideas, policies, and lobbying activity–and look to him for economic advice. He saw nothing wrong with Grammonomics. That’s the issue, more so than Gramm’s impolitic comments. And if Novak is right–and that may be a nice-sized if–the Gramm issue remains, for Phil Gramm remains within the warm embrace of John McCain.

UPDATE: On Friday, Gramm quit as cochairman of the McCain campaign. Maybe Novak got it wrong. But Gramm did not say he would no longer be advising McCain.

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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