Republican presidential frontrunner John McCain has raised eyebrows by confessing that he 'doesn't really understand economics'.

At a recent meeting with the Wall Street Journal editorial board, the presidential hopeful said he would rely on his adviser and former Senate colleague Phil Gramm as an expert on the subject.

A source familiar with the events that took place at the meeting has confirmed the incident.

The Arizona Senator's office has not returned multiple requests for comment. The Wall Street Journal refuses to comment on meetings that take place privately with their editorial board as part of its company policy, The Huffington Post reported.

After the incident, the question arose as to whether the Republican frontrunner, who has made light of his lack of economic policy understanding, would be the right man to take charge of White House affairs.

This is while Republican hopeful Ron Paul introduced a 'comprehensive economic revitalization plan' on January 24, affirming that it could save the US from recession in the long run.

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