I like Phil Gramm and would certainly prefer a Gramm for
president campaign to, uh, our current situation. I think Gramm as
treasury secretary is one of the strongest pro-McCain arguments. I
even agree with what I take to be Gramm's point: some of our
economic woes are exaggerated and the very economic dynamism that
creates financial instability also makes us better off overall. But
it's politically boneheaded to tell middle- and working-class
families whose income growth has stagnated -- the very people whose
votes McCain needs to win if he is to have a prayer in this
election -- to stop their whining. That's fine for columnists, but
not a very smart move for someone associated with a presidential
campaign that already fails to connect with people's economic
concerns.