Thursday, July 24, 2008
Mr. Gramm Builds A House
Occasionally, I get very interesting emails from the blogger who posts here under the tag, The Engineer of Knowlege. Today he sent me an anecdote regarding his personal knowlege of the man who would run our economy under John McCain and the man who also ruined our economy with the legislation he has proposed and supported in his years in Republican Administrations, Phil Gramm.
In Mr. Engineers own words:
Please let me tell you a story about Phil Gramm. In the early 1980’s Phil Gramm had a house built here on the Eastern Shore of Maryland in Dorchester County close to the Chesapeake Bay. Phil did not use a local contractor, NOOOOOO, he use a contractor from Texas. (Quite the daily commute I would say) Anyway, the Texas contractor under estimated the cost to build the house by over $100,000 dollars (in 1980 dollars when he was bashing the tax and spend Democrats and putting together the Gramm / Rudman bill to make sure government worked on a balanced budget) but the contractor continued and completed the house per the contract. Yes the contractor lost over $100,000 on building Phil his house in Dorchester County, Maryland.
When asked why he did not use a local contractor to build the house Phil’s reply was, “The local contractors did not have the quality of workmanship for any of them to build him a house so he had to go with the Texas contractor.” Well gentleman, I know many of the local contractors and none of them would have messed up and under bid the job by $100,000.
Now the real question was, who was padding Phil Gramm's wallet and what did they get for it?