That “fundamentally sound” comment defeated McCain.
No we must attack politically for a year at least.
Which really sucks since McCain NEVER SAID that the economy was "fundamentally sound".
McCain said that "the FUNDAMENTALS OF the economy ((the American work ethic, free enterprise, American innovation) were still strong."
McCain: Fundamentals of Economy Are Strong
See Post 24.
Maybe the comment defeated McCain because even our own side does not seem to be able to tell the difference between the plural noun "fundamentals" and the adverb "fundamentally" and then pulls phrases such as “fundamentally sound” out of thin air.
Maybe the comment defeated McCain because even our own side twists McCain's words around to claim that McCain said that the "economy is fundamentally sound", a ridiculous statement, instead of pointing out that McCain actually said that "the FUNDAMENTALS of the economy (the American work ethic, free enterprise, American innovation) are still strong", a true statement at the time it was said.
If the Financial Fairy waved her magic wand and changed the past so that the idiotic mortgages of the past six years had never been been issued and responsible businesses could still get business loans at the local bank, would our free enterprise American economy be healthy now?
If the answer to that question is "Yes", then McCain was correct, and the FUNDAMENTALS of the American economy were still strong at the time.
If the answer to that question is "No", then McCain was wrong and the fundamentals of the American economy such as free enterprise and innovation and private initiative needed to be replaced by socialist fundamentals as Obama is trying to do now.