Monday, September 15, 2008

The Fundamentals of Our Economy

This is a video clip from this morning of John McCain again saying that “the fundamentals of our economy are strong.”

I’m no economist but gas prices are high, banks are failing, home foreclosures are everywhere, unemployment is over 6% for the first time in a very, very long time, the trade deficit is out of control, the dollar is weak, and Wall Street is about as jittery as can be. But John McCain says, “the fundamentals of our economy are strong.”

He has uttered a lot of lies in recent weeks but this one has got to be the most ridiculous. See the video here:

Now, don’t get me wrong. I’m not saying McCain should be trying to whip people up into a panic. But this response from McCain is a real window into the kind of president you can expect him to be. He will tell you this is just a function of the business cycle, that the “fundamentals are strong, and that the market will get itself out of this mess.” He will tell you that there is no role for government in regulating the businesses that got us into this situation and he will tell you the answer is to continue to cut taxes for the wealthiest Americans … ya know, to spur investment. Those are the same policies that have brought us to this place and they are the same “heck of a job Brownie!” policies you’ll get under a McCain presidency.

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