Dubai, Farewell, Auf Wiedersehen, Adieu
SIDEBAR
Phil Gramm has a PhD in economics and was an Econ professor at Texas A&M before he ran for the US House in 1978 - as a Democrat. He won and quickly established the fact that (a) he knew a lot more than his Democratic colleagues about economics and (b) what they did know, was wrong.In 1982 - in the midst of the Regan Revolution, Gramm decided to switch parties and become a Republican. I do believe what he did next was the only time in my adult life someone has done it:
He resigned his seat saying, in effect, my constituents elected me as a Democrat. If want to elect me as a Republican, I'll be back.
They did. He was. And the rest is history.
It was a truly extraordinary example of political courage for which Gramm has gotten just about zero credit.
END SIDEBAR
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