It is a political gaffe, not a factual one, and really, thats what counts at this time.
exactly
we need a colllage of the people in flyover country just doing the business of america- the ones Srah Plain spoke abut at the convention who grow the food, work in the factories, fight the wars
that is the fundamentals
Doom & Gloom. . that’s all the Dhimmicrats have, it’s all the MSM has. PANIC & DOOM & GLOOM is ALL THEY HAVE.
AMERICA is the greatest country on earth, and the love of her and of LIBERTY has held us in good stead for over 200 years. PANIC feeds on itself and produces the outcome eventually that just plain FEAR perpetuated.
We do have nothing, indeed, to fear but fear itself.
The answer depends on whether the person saying it is a Republican or a Democrat.
I know the answer, but I want to challenge you. Look at the items that are ‘fundamentals’; growth, unemployment, average income, etc. Compare this year to 1999 when the Democrats called it the ‘best economy in 50 years’.
Of course the fundamentals are strong! If they weren’t, we could not weather the huge runup in oil and commodities, the collapse of large companies like Lehman and Merrill Lynch, and a 4-1/2% drop in the Dow Jones yesterday. These are not trivial events, but they aren’t cataclysmic, either. An economy without strong fundamentals would have gone toes up long ago from this kind of stuff.
“Today we are seeing tremendous upheaval on Wall Street. The American economy is in crisis. Unemployment is on the rise and our financial markets are in turmoil. People are concerned about our economic future. But let me say something: this economic crisis is not the fault of the American people. Our workers are the most innovative, the hardest working, the best skilled, most productive, most competitive in the world. My opponents may disagree, but those fundamentals of America are strong. No one can match an American worker. Our workers sell more goods to more markets than any other on earth. Our workers have always been the strength of our economy, and they remain the strength of our economy today.
“But their efforts are not being matched at the top. From Washington to Wall Street, the top of our economy is broken. We have seen self interest, greed, irresponsibility and corruption undermine the hard work of the American people.
“It’s time to set things right. When I am President, we’re going to put an end to the abuses in Washington and on Wall Street that have resulted in the crisis we are seeing unfold today.
Whether you agree with him or not the "fundamentals of our economy are sound" is not the full statement.
Fundamentals are strong. The idea that government can do a better job than private enterprise and capitalism is what’s weak. Paulson made the right call on Lehman Brothers. Anyone remember E.F. Hutton or Kidder Peabody? And yet we survive and grow stronger as a nation. As we will this time.
FactCheck.org would be explaining why Obama is lying about McCain’s comment, by quoting only half of his sentence.
Except taht FactCheck.org is owned by people associated with Obama, so it is not an unbiased source (it never was, but it used to try — I think they did so because that way they would be taken seriously when they were needed in such a time as this to hide all the lies in the Obama campaign).
McCain is correct. The fundamentals of the economy ARE sound. The fundamentals of the monetary system seem a bit unstable, and that could damage the economy, but we are America, the greatest country in the world.
I don’t see any other economy out there that is more grounded than ours.