McCain: Economy still 'strong'

[sabra]

Source: MSNBC

ACKSONVILLE, Fla. -- Addressing today’s news of upheaval in America’s financial markets, McCain said this morning that, despite fears over the "turmoil" on Wall Street, “the fundamentals of our economy are strong.”

“But,” he added, “These are very, very difficult times."

The Obama campaign seized on the statement, contrasting it with McCain's new ad -- "Crisis" -- which paints a more foreboding picture of the American economy.

"That shows that he is extraordinarily out of touch," said campaign spokesman Tommy Vietor. "It's even more surprising when you look at his ad today that shows the economy in crisis, that's the lead of his ad.”

In addressing the Wall Street troubles today, McCain criticized the existing system of oversight over financial markets and voiced his opposition to a bailout of Lehman brothers funded by taxpayer dollars.

“We’ve got to take every action to build an environment of robust energy supplies, lower inflation, controlled healthcare costs, access to international markets, low taxes and reduced burden of government to allow people to move forward toward a future of prosperity,” McCain said. “A McCain-Palin administration will replace the outdated, patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street.”



Read more: http://firstread.msnbc.msn.com/archive/2008/09/15/1399191.aspx

[BeyondGeography]

1. Thanks, John, we needed that

You did well, today, my friend.

[liberal N proud]

2. Repeating what his mentor said earlier.

MORE OF THE SAME!

[ryanmuegge]

9. The American public is apparently too dimwited to realize that.

[atjrpsych]

13. I agree, I use to have more faith in the American people

I agree, the public is too dimwitted, and it is a huge disappointment that they would fall for such flimsy arguments. It is so transparent, but American's are way too tied up in image!

[saigon68]

26. HIS MENTOR

[liberal N proud]

31. Yes, that asshole

[HughBeaumont]

3. Right, because LOGICALLY . . .

The man who favors the corporate practices and "solutions" that got us INTO this mess in the first place is the best one for the job. NOT that muslim-y waffle-drooler who wants to CHANGE all of this astounding progress and prosperity we're having. NOBODY wants THAT.

Now, where's my red tipped cane . . .

[whistle]

4. John, John....it's September 15, 2008 not January 1987

http://en.wikipedia.org/wiki/House_and_Senate_career_of_John_McCain,_1982%E2%80%932000

[no_hypocrisy]

5. ALL IS WELL!!!!!!!!

[HughBeaumont]

41. Thank you sir, may I have another!?!?

WHACK!

[Old and In the Way]

6. So, I guess McCain doesn't think we need any change to our financial markets.

or, is that this morning's speech and he'll be telling us the opposite this PM?

John, how's the architect of this meltdown working out as your policy chief?

[AndyTiedye]

7. He Left Out a Couple of Words

The economy is emitting a strong smell.

[Solly Mack]

8. “the fundamentals of our economy are strong.”

meaningless

[Narkos]

10. I hope he keeps saying that, over and over again!

[fascisthunter]

11. FOR WHO, John?????

[Buenaventura]

28. for whom

as in "the bell tolls", or in John's case, "the belle toils"

[L0oniX]

12. Geezernomics

[Sam Ervin jret]

14. The story is John McSame and his campaign are in a perpetual state of "Who's the Boss."

Either McSame can't lead his own people and keep them from releasing information he does not agree with, or his people can not keep the candidate up to date with the message "the collective" have decided to set forth.

Either way, that's not the kind of leadership this country needs in these times.

McCain is the story. We must never forget that. Palin is only relevant as she exposes McCain's hypocrisy, tendency to make decisions in the same thoughtless way McBush does.

[Duke Newcombe]

15. John...are you on the same PLANET I'm on??

The fundamentals of the economy are strong? Really? :eyes:

Duke

[denverbill]

16. As McCain's fellow Republican Herbert Hoover put it, "Prosperity is just around the corner."n/t

[Lautremont]

17. Me: McCain still 'lying.' (nt)

[greyghost]

18. ROFLMAO! I can since I prepared for this months ago.

[dipsydoodle]

19. Maybe he means

strong smelling. You know - like a fresh turd.

[Enthusiast]

20. The fundamentals are fucked! nt

[LeftHander]

21. LIAR - Credit is the foundation of the economy...

And that is not strong. Banks and investment firms do not fail when the "foundations of the economy are strong".

[AzDar]

22. Ah, the Party of Hoover strikes again.

Fucking CLUELESS .....

[Janice325]

23. What planet does this old guy live on????

Sheesh.

[llmart]

35. Planet Denial

n/t

[nichomachus]

24. The fundamentals of an economy

The fundamentals of any economy are an educated and well-trained work force, a strong manufacturing base, a stable currency, and a healthy population.

These are all the things the Republicans have attacked and/or destroyed. The fundamentals of our economy are far from strong.

McCain is a bumbling idiot -- and without the circus freak VP candidate at his side, no one wants to hear him.

[undeterred]

25. The economy according to a doddering old man.

[Frisbee]

27. That's like telling...

a person just diagnosed with pancreatic cancer not to worry, the fundamentals of your health a fine. What a buffoon.

[MadMaddie]

29. ummm John you were there and supported your ex financial guy

when you guys deregulated the markets!

<snip>
A McCain-Palin administration will replace the outdated, patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street.”
<snip>

[Yo_Mama_Been_Loggin]

30. Remember who his financial advisor is.

Phil Graham who said America has a perception problem when it comes to the economy.

[Cherchez la Femme]

32. Oh, well that's OK then...

coming from such an economic expert




NOT!

[biermeister]

33. could this guy be more out of touch with reality??

[superconnected]

34. Dear John, please turn on the news. Oh and when you figure out who the lehman

brothers are could you tell scary palin they aren't publically held.

But there are two financial giants that crashed to day so this is really out of touch for him to say.

[happygoluckytoyou]

36. "well.... i mean..... MY ECONOMY IS STRONG.... shit did you see my wife in that $300000 dress..."

[Bette Noir]

39. The dress was only $20 thousand.

It was the earrings that brought up the total.

Three carat diamonds don't grow on trees, you know.

[sdfernando]

37. I keep hearing this

“the fundamentals of our economy are strong.”

Someone needs to ask: Ok John, what are these fundamentals?....I'd love see that asked and watch him try and weasel out of the question somehow.

[olddad56]

38. strong, if your wife is a billionaire

[Bette Noir]

40. No problem at all, really.

We'll just put off retirement for a few more years. And maybe sell the house, if anyone can afford to buy it.

[cstanleytech]

42. McCain sure seems far out of touch with reality. nt

[Odin2005]

43. McHoover!!! n/t.

[olddad56]

44. yeah John, and you are still young.

The economy is strong compared to where it will be in a week.

[Endangered Specie]

45. I guess the DOW fallnig 500+ points means nothing to him