Thursday, July 17, 2008

Meet Phil Gramm: Porn Movie Investor

Whether you find pornography, even soft-core porn, objectionable is a matter of choice. I find it boring, but not Phil Gramm, John McCain's erstwhile campaign co-chair and economics adviser.

Max Blumenthal, blogging for The Nation, parts the mists of Foreclosure Phil's distant past and reminds us that he is even seedier than is immediately obvious:

The guy who once joined Ralph Reed, another beacon of probity, to call for defunding the National Endowment for the Arts and attacked a political opponent for taking money from a gay-rights group was once an investor in soft-core porn movies.

These included
Truck Stop Women, which "starred" Claudia Jennings, a former Playboy magazine Playmate of the Year with Mack truck-caliber bazooms who cavorts through the low-budget howler in the altogether and was a big turn-on for Gramm according to George Caton, his brother-in-law and the film's financial adviser.

Alas, Truck Stop Women was oversubscribed, so Caton had to return Gramm's $15,000 check. But he later invested another $15,000 in Beauty Queens, in which pageant judges having sex with contestants, which didn't get made because the director shelved it in order to make a sequel to his Tricia's Wedding comedy starring The Cockettes, a drag queen troupe.

Alas, poor Gramm had awful luck when it came to investing in porn flicks, but he proved to be far more successful in trashing banking laws and bringing many a middle-class family to its knees.


More here.

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