Phil Gramm

Picture of Phil Gramm

Place of birth: Fort Benning

Citizenship: United States


Gramm was born in Fort Benning, Georgia (Fort Benning, Georgia); He grew up in the nearby town of Columbus (Columbus). Shortly after the birth of William, his father Kenneth suffered a stroke and was partially paralyzed; He died when he was only 14 years old. William`s mother, Florence Gramm (Florence Gramm), was forced to work in two shifts as a nurse in a hospital for disabled veterans.

In 1961, William graduated from the Military Academy of Georgia (Georgia Military Academy), in 1964 received a diploma of the University of Georgia (University of Georgia).

In 1967, around the same University of Georgia Gramm she received a doctorate in economics.

In the period from 1967 to 1968, the first Uiyalm taught in Texas (Texas); while teaching he led the consulting group activity `Gramm & Associates`.

For the first time in the House of Representatives (House of Representatives) Gramm tried to break through in 1976; alas, while he failed to pass even through a party primary.

In 1978 William re-announced his candidacy for the election - this time much more successful.

In 1980, Gramm was successfully re-elected; it seemed that he would remain in the House of Representatives after the elections in 1982-th. The situation changed dramatically in just a few days prior to re - Gramm was expelled from the Budget Committee (House Budget Committee) for their support initiated the year before the tax reforms of Reagan (Reagan).

On the expulsion of William immediately responded by resigning - and again announced his candidacy for re-organized elections, but the party Republicans.

The he worked in the House only to 1985 as a Republican Gramm.

In 1984, Republicans chose Gramm of Texas as his representative in the US Senate; he successfully bypassed a number of competitors in the first party elections, and then the Democratic candidate - Lloyd Doggett (Lloyd Doggett). After earning 58.5 percent of the vote, Gramm was the first in the history of the Republican candidate, received the support of more than 3 million voters.

In the Senate, William returned to his formation of the budget; he worked on the committee from 1989 to 2003.

In 1990, Gramm was in the Senate for a second term; this time his main rival was a Democrat Hugh Parmer (Hugh Parmer). After earning 60.2 percent of the vote, William repeated his previous record - this time it was supported by 3,027,680 people.

In the period from 1995 to 2000, Gramm was the chairman of the Committee on Banking, Housing and Urban Affairs (Committee on Banking, Housing, and Urban Affairs).

In 1996, William tried to become the Republican candidate in the next presidential election. Prepare in advance Gramm started typing by July 1994, $ 8 million. Pretty good start ended almost a complete failure after the loss of Louisiana voters vote William (Louisiana). Gramm make up for defeat in November, beating Morales Victor (Victor Morales) in the fight for another term in the Senate.

In December of 2002, shortly before the deadline, William left the Senate voluntarily.

Some economists tend to believe that it is advertised Gramm and adopted by Bill Clinton (Bill Clinton) Act Gramm-Leach-Bliley Act (Gramm-Leach-Bliley Act) - and was one of the reasons why the mortgage crisis of 2007 and the global financial crisis of 2008. Gramm himself, however, argues that this opinion does not prove.

Since the summer of 2007 to July of 2008, William was a senior economic adviser to the campaign of John McCain (John McCain). Gramm now holds the post of vice-president of investment units of `UBS AG`.

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