GOP Brags That McCain Will Continue Bush's Economic Legacy

Last week, I appeared on Fox News to discuss the inflammatory comments by Phil Gramm (John McCain's top economic advisor) and how those comments really epitomize the Republican Party's country clubbish, let-them-eat-cake outlook on the economy. Notice about half-way through as the Republican strategist I'm debating actually acknowledges that McCain's major idea for fixing the economy is continuing George W. Bush's tax policies - and that when she's called out for saying that, she tries to deny what she just said.

The interchange is instructive for two reasons.

First and foremost is the admission: namely, that Republicans still want America to believe that the way to steady the economy is to follow Bush's efforts to slash taxes for millionaires. As I show in the very first chapter of my book, this is a prescription being rejected even in some of the most conservative parts of the country.

Second, there is the denial: When called onto the carpet for wanting to continue the policies of the most unpopular president in history, Republicans start running for cover to the point of claiming they never said what they just said. The denial is a tacit acknowledgment of the power of the populist uprising now boiling throughout the country. The GOP knows the country is very angry at conservatives' free market fundamentalism - and so will deny and obfuscate to pretend they aren't championing such fundamentalism.