9/16/2008

Phil Gramm: McCain's Economic Guru & Porn Investor

"You've heard of mental depression; this is a mental recession. We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, ´America in decline´ … We've never been more dominant; we've never had more natural advantages than we have today."

Phil Gramm
John McCain's Chief Economic Advisor


"Phil Gramm's career was as the most aggressive advocate of every predatory and rapacious element that the financial sector has. He's a sorcerer's apprentice of instability and disaster in the financial system."

James K. Galbraith
University of Texas economist

Read more @ American Chronicle.



Phil Gramm attempted to invest $15,000 in “Truck Stop Women.” His money ultimately helped produce a film portraying Richard Nixon wandering nude around the White House.

Gramm’s journey into porn began in 1973, when his brother-in-law, George Caton, rushed to tell him about an exciting low-budget soft-core production called “Truck Stop Women.” A promo poster for the film boasted of its buxom stars: “No Rig Was Too Big For Them To Handle.” Caton, who was in charge of fundraising for the production, asked Gramm to become an investor.

To entice his brother-in-law, Caton showed him scenes of Playboy Playmate of the year Claudia Jennings displaying her bare essentials (she is naked throughout much of the film).These scenes “really got Phil titillated,” Caton told journalist John Judis in 1995.

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