Mr. and Mrs. Gramm: The Dark and Disturbing Friends of Rick Perry 4/4

by Nomad

A Close look at Wendy Gramm
In this the final part of my investigation into the Gramms, I’d like to deal with Wendy’s relationship with Rick Perry and another influential power broker.

The Mercatus Center

As if Wendy Gramm’s role in the Enron scandal wasn’t enough to qualify her as one of the notable villians in a saga filled with some pretty odious characters, she’d really only just begun. After her jaunt through the world of academia and through the infested jungle of the private sector, Wendy now found herself stepping back into academia (or something very much like it).

If Phil Gramm represents one side of corruption, then some might claim his wife to be an example of a newer but far more insidious indirect kind.

Koch Industries- along with other corporations have developed a long term strategy to use think-tanks, paired with prestigious universities, to give support - with studies and surveys and expert opinions- to their agenda. In exchange, the universities benefit from large-dollar corporate support.

The Mercatus Center of George Mason University, where Wendy Gramm is a director of the “regulatory studies program”, is a case in point.

Mr. and Mrs. Gramm: The Dark and Disturbing Friends of Rick Perry: 3/4

by Nomad

In this the third in the series, I want to take a moment to examine the life and deeds of the wife of Phil Gramm, Wendy Lee Gramm. I think you will find it- for want of a better word- breathtaking, but not in a good way.

Getting Started

Under normal circumstances, the wife of a senator would hardly be worth a second glance. However, Dr. Wendy Lee Gramm is no ordinary wife of no ordinary senator. As a study of modern politics, in all its corruption and ambition, perky Wendy Gramm is a fair enough study in her own right.

First, let’s cover the early history, collected from various sources.

Wendy Gramm’s Korean grandfather immigrated to Hawaii as a sugar plantation laborer. Like her grandfather, Wendy’s father had originally started out as a laborer in the sugar fields. According to the story, he selected his bride from a series of photos of Korean women and sent her money to join him in Hawaii. He married in 1939 at age 25.

During the Depression, he left Hawaii for a university in Indiana where he earned an engineering degree. He later returned to Hawaii and found a job at a sugar processing plant where he eventually worked his way to the top of the company, later becoming a vice-president of a sugar company.

Mr. and Mrs. Gramm: The Dark and Disturbing Friends of Rick Perry 2/4

  by Nomad

To Return to Part One

In part two of this four-part series, we will continue to look at Phil Gramm, mentor to Rick Perry, presidential candidate. At this point, we shall continue with Gramm's career following his retirement from the Senate.

Gramm at UBS

When Phil Gramm announced on September 4 2001 that he would retire at the end of his term in 2003, his retirement speech was filled with self-congratulatory flatulence.

Remarkably, the things I came to Washington to do are done. Now, I know that no victory is ever final...I will leave the Senate in 15 months, being very proud that I came, and extraordinarily proud in what I've done while I've been here... But I feel comfortable with this decision. I believe I'm making the right decision for me, for the 20 million people I represent, and for the things I believe in.

Despite the fact that he spoke to reporters with “his voice cracking and his tears filling red-rimmed eye,” he had no intention of spending his autumnal years, tending his garden and painting landscapes. In fact, he was about to begin a new career, one that would surpass all his other accomplishments from the past.

Mr. and Mrs. Gramm- The Dark and Disturbing Friends of Rick Perry: 1/4

 by Nomad

The four-part saga of power couple Phil and Wendy Gramm requires both a seat belt and an airbag. Their careers span both the political and business world, generally working in tandem to maximized their personal wealth.

Bad Company

George Washington once said, “Associate with men of good quality if you esteem your own reputation; for it is better to be alone than in bad company.” 

While this might have been true in Washington’s day, as advice for the modern politician, it is hardly practical. In Texas politics, a rising star has to associate with a lot of unsavory types, with a lot of money and political clout, the right connections etc. 

Yet, Governor Rick Perry’s association with Mr. and Mrs. Gramm is much more than a casual acquaintance. If Perry’s close relationship is anything to go by, Rick must not esteem his reputation at all.

The Shocking Truth about Sarah Palin and Dick Cheney and Crony Capitalism

by Nomad

Over the years Sarah Palin has carefully crafted an image of being a crusader against "crony capitalism." However, an in-depth look at some of her past deals suggests that Sarah Palin and Dick Cheney could just be king and queen of Cronyland. 

Up until the sudden silence in the wake of Joe McGinniss' "The Rogue, Sarah Palin had been recently making charges against the Obama Administration’s so-called “crony capitalism.” I doubt whether she could define exactly what she meant but cronyism is, according to our good friend Wikipedia, “ a partiality to long-standing friends, especially by appointing them to positions of authority, regardless of their qualifications.”

Adding the tag “capitalism” it suggests the use of government intervention in the economy to benefit supporters and punish his opponents. It is the biased selectivity of rewards doled out by the government, either in terms of positions of power, awarding of contracts or financial benefits. This also includes limiting the competition through regulations on private businesses that are strictly enforced on opponents of the government, and not enforced on supporters of the government.

Palin’s apparent strategy is to take all of the negatives of the previous Republican administration and foist them upon the present one. Whoever dreamed it up- and surely it couldn’t have been Palin- has attempted to use the tried and true method developed by Karl Rove of attacking the opposition with your own crimes.