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View Full Version : The economy is fundamentally sound...no wait...it's in a crisis


Bruce Carriker
16th September 2008, 10:59 AM (10:59)
This must be one of the fastest flip-flops on record. :laughing:laughing

MONDAY MORNING: John McCain at a town hall meeting in Florida: "The fundamentals of our economy are strong."

MONDAY AFTERNOON (after Lehman Brothers files the largest bankruptcy in US history): "The American economy is in a crisis. America is in a crisis today...our financial markets are in turmoil...the economic crisis is not the fault of the American people.

"We have got to reform the way that they (Wall Street) do business. Our workers have been the strength of our economy," said McCain. "We are going to fix it.

"Enough is enough. We are going to put an end to the greed that has driven our markets into chaos."

I wonder if it has occurred to McCain that we're not idiots? His party is the party of Wall Street. Who but a complete moron would believe that a Republican administration is going to reform the way Wall Street does business? :laughing:laughing

The "greed that has driven our markets into chaos" is the result of a generation of deregulation and lax oversight, and the party responsible for that for 20 of the last 28 years is McCain's party.

If you believe that John McCain is correct...that enough is enough...that Wall Street needs reform...that greed has driven our markets into chaos...then it's time to reject the party of Wall Street and vote for Barack Obama.

If, on the other hand, you think he's just saying what he needs to say to get elected, all the while winking that "we're not really going to reform" wink at his Wall Street friends, then it's time to vote for someone else, too. Seems like either way McCain winds up on the short end of his own argument.

Ken Osso
16th September 2008, 11:07 AM (11:07)
"I still believe the fundamentals of our economy are strong. We’ve got terribly big challenges now, whether it be housing or employment or so many of the other — health care. It’s very, very tough times. It’s very tough. But we’re still the most innovative, the most productive, the greatest exporter, the greatest importer."

This is the entire quote...when he made the original statement, he was not claiming that we are not in a bad situation...he said that we have "terribly big challenges..." You make it sound like a week ago he thought everything was fine and has now changed his mind...not entirely accurate.

Gina Stevenson
16th September 2008, 11:24 AM (11:24)
"I still believe the fundamentals of our economy are strong. We’ve got terribly big challenges now, whether it be housing or employment or so many of the other — health care. It’s very, very tough times. It’s very tough. But we’re still the most innovative, the most productive, the greatest exporter, the greatest importer."

This is the entire quote...when he made the original statement, he was not claiming that we are not in a bad situation...he said that we have "terribly big challenges..." You make it sound like a week ago he thought everything was fine and has now changed his mind...not entirely accurate.

But this is politics ... this is a political thread, right? :basic05

Ryan Scott
16th September 2008, 06:17 PM (18:17)
Isn't this the crux of the difference in the campaign?

McCain says the fundamentals of all our systems are solid, but each needs specific reform. Obama says most of the systems are fundamentally flawed and need massive overhauling.

In my view both opinions are valid and supportable. It's up the US voters to decided with which view they side.

I just don't understand why these campaigns have to muddy the waters and confuse people.

Glenn Messer
16th September 2008, 06:42 PM (18:42)
Ryan,
Any of us who think that we 'understand politics', probably really doesn't understand politics.

Ryan Scott
16th September 2008, 06:57 PM (18:57)
Ryan,
Any of us who think that we 'understand politics', probably really doesn't understand politics.

I understand it: gain as much power as possible as whatever cost is required.

What I don't understand is why the voters continue to play along with it. We're making ourselves look like idiots.

Jon Bemis
16th September 2008, 07:29 PM (19:29)
Bruce wrote, "This must be one of the fastest flip-flops on record."

But this is politics ... this is a political thread, right? :basic05

So I guess that if we are speaking politically, we don't need to be entirely concerned about accuracy . . . :cool:

Bruce Carriker
17th September 2008, 10:15 AM (10:15)
No, I stand by what I said. In the AM, McCain was saying the economy is fundamentally sound. By the afternoon, the economy was in crisis.