“Phil Gramm did not run in 1988.”
Yes he did. He just didn’t get anywhere. It was in 1988 that his investment in a company that invested in a softcore porn film became an issue.
Novak via Huffington Post....
“McCain was a loyal backer of Gramm’s failed 1988 campaign for president and did not leave until the candidate dropped out of the race.”
http://www.huffingtonpost.com/2008/07/18/mccain-okay-with-phil-gra_n_113565.html
But your forgiven for forgetting, I suspect he’d rather forget too ;-)
Gramm ran for President in 1995-1996. I do not think that he ran in 1988. I think that your source is in error.