Reid Pins Financial Turmoil on Former McCain Adviser

Senate Majority Leader Harry Reid attempted to pin the ongoing financial meltdown on John McCain’s former economic adviser Wednesday while arguing that the Republican presidential nominee is a “disciple of the Bush-Cheney school of economics.” The Nevada senator pointed to a bill co-sponsored by Phil Gramm, the former Texas senator who until recently advised McCain. The 1999 piece of legislation allowed consolidation across the banking, securities and insurance industries. “Just look to the man John McCain hired to tell him what to say on the economy — former Senator Phil Gramm,” Reid said. “This is the same Phil Gramm who pushed through the legislation that allowed firms like Enron to avoid regulation and destroy the life savings of its employees.” “I don’t know about you, but after all that’s gone on in the financial sector, the last person I want whispering into the ear of the next president of the United States is the chief ... (link)