Re: Bush's tax cuts don’t work; rich pay record high, below the median pay record low!
On a broader range of economic issues, though, Mr. McCain readily departs from Reaganomics. His philosophy is best described as a work in progress. He is refreshingly blunt when he tell me: "I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated." OK, so who does he turn to for advice? His answer is reassuring. His foremost economic guru is former Texas Sen. Phil Gramm (who would almost certainly be Treasury secretary in a McCain administration). He's also friendly with the godfather of supply-side economics, Arthur Laffer.
(From 2005-http://www.opinionjournal.com/editorial/feature.html?id=110007600)
Apparently he said something similar recently at some board meeting.
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