Election 2008 | John McCain | Joseph Biden | News

'Out of Touch' McCain: 'Fundamentals of Economy are Strong'

Former Federal Reserve Chairman Alan Greenspan told George Stephanopolous on Sunday that this is "by far" the worst economy he's ever seen.

Below, at the recent Presidential Campaign Forum on National Service (left), John McCain says it's "easy for [him] to go to Washington and be somewhat divorced from the day to day challenges people have." Today, at a Jacksonville, Florida reality, he confirmed that divorce from reality by claiming that "the fundamentals of the economy are strong."

At another rally today in Michigan, Joe Biden let him have it.

Said Obama spokeman Bill Burton: "Today of all days, John McCain's stubborn insistence that the 'fundamentals of the economy are strong' shows that he is disturbingly out of touch with what's going in the lives of ordinary Americans. Even as his own ads try to convince him that the economy is in crisis, apparently his 26 years in Washington have left him incapable of understanding that the policies he supports have created an historic economic crisis."

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Comments

  1. Go get 'em Joe! Let's make sure this country is well-aware of what a vote for McSame/Palin really means.

    Posted by: Dr. Christopher Blackwell | Sep 15, 2008 2:41:23 PM


  2. Ok, just when I'm feeling down, and having my doubts about the chances of the Obama candidacy, John McCain does something that gives me hope again. The old man is helpless without Baked Alaska standing next to him.

    I feel good again.

    Did y'all know that Babs is doing (or already did) a big fundraiser for Slim Jim. Should bring in millions...I guess. I love Babs, I love Biden, I love Obama. I love Donovan McNabb.


    Yes, I'm a happy little Democrat again...for now.

    Posted by: Derrick from Philly | Sep 15, 2008 2:47:57 PM


  3. According to Ben Smith over at Politico, Mayor Bloomberg agrees with McCain:

    I just now asked the New York mayor, a former Wall Street hand who's been in the mix in the current crisis, whether he agrees with McCain that the fundamentals of the American economy are strong.

    "I do agree that fundamentally America has an economy that is strong," he said. "America’s great strength is its diversity, its hard work, its good financial statements, its broad capital markets,its enormous natural resources" and its work ethic, he said.

    "I'd rather play America's hand than any other country," he said. "Without problems? No."


    Posted by: HOGB | Sep 15, 2008 2:51:26 PM


  4. To bad that isn't what he said:

    "And my opponents may disagree, but those fundamentals — the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they’re strong."

    Posted by: Robert | Sep 15, 2008 2:55:04 PM


  5. Well, I guess if you make over 5 million a year and own 5-7 houses then the fundamentals of "your" economy are strong. Back to sticking my head in the sand... all is well.

    Posted by: JZN | Sep 15, 2008 2:56:29 PM


  6. The gold would be Obama bringing up Mccain campaign finance adviser saying 2 times in front of cameras that

    1- its a mental recession
    2- we are all whiners

    The 2nd time was at the repub convention.

    --------------------

    Anyway; Hillary hit Ohia over the weekend and delivered Gold herself for Obama

    Taylor Marsh has exerpts up taylormarsh.com

    Kudos to Obama for utilizing Hillary in battleground states Like FL and Ohio where she did really well and Kudos to Hillary for hitting mccain and repubs hard in the battle ground states.

    “They are a great team for America, but they can’t help us unless we elect them,” she said. “That’s why I’m here — to encourage you to do all you can by Nov. 4 to make sure we have a Democratic team back in the White House.”

    “The right question is who is for you,” she said. “If that’s the question you ask, then there’s only one answer — Barack Obama and Joe Biden.”

    Posted by: Jimmyboyo | Sep 15, 2008 3:14:24 PM


  7. Robert, princess, honey, that statement you posted is NOT what McCain said this morning when he declared the fundamentals of America's economy to be strong.

    It's from a later event when McCain was (once again) backtracking—desperately trying to scrape the dog shit he jumped into from the bottom of his shoe.

    http://www.politico.com/blogs/bensmith/0908/McCain_camp_Fundamentals__American_people.html

    I know trolls don't care much for accuracy, but here you can be sure we're going to call you out on your bullshit misrepresentations.

    Posted by: 24play | Sep 15, 2008 3:19:16 PM


  8. Concerning the comment of ROBERT above:

    What Robert quotes as McCain's words WERE NOT SPOKEN at the rally in Jacksonville that the entry here refers to, but actually come from a *second* speech that he made later in Orlando, where he clarified—or let me rephrase that, spun, as has become the norm in his campaign, and as Robert is now trying to do—those *fundamentals* he mentioned in his first speech that were the object of so much criticism.

    Posted by: Blue Dog | Sep 15, 2008 3:19:44 PM


  9. Plus, the McCain "clarification" that Robert quotes is completely disingenuous: Since when are financial institutions not to be counted as *fundamental* for the economy? Or does Robert keep his money in a special vault-mattress designed by a solid American entrepreneur, and buy his car on money borrowed from the solidly innovative American worker?

    Plus: what's the point of talking about financial systems to trolls? They only subsist on bartering talking points under their bridges.

    Posted by: Blue Dog | Sep 15, 2008 3:39:53 PM


  10. I think this would be a fine time to raise the tax rates on capital gains.

    Posted by: Barack Obama | Sep 15, 2008 3:54:19 PM


  11. You KNOW the economy's in tough shape when the porn/sex shop in West Hollywood goes under!

    Posted by: TroyTooner | Sep 15, 2008 4:39:47 PM


  12. I think its ironic, but true that the Stock market is anticipating an Obama win. Those who control the ups and downs of the market believe a Republican is better for the market (I guess Republicans don't tax the rich as much and hand out less welfare.)

    The market doesn't react, it anticipates.

    When the smoke clears, Obama will be president. The really story is going to be whether the Republicans try to steal the election in the Supreme Court again.

    Joe Biden is a real Mensch and he'd be a trustworthy leader, btw.

    Posted by: JJ | Sep 15, 2008 5:10:01 PM


  13. Yes we can all agree that the economy sucks, but it's a bit odd for Greenspan to say it's the worst he's ever seen. He was born in 1926 and so lived through and has certainly studied the Great Depression. During the Depression half of mortgages went into forclosure. We're nowhere near that.

    That said, I'm perfectly happy to have Greenspan make the case for Obama!

    Posted by: Paul R | Sep 15, 2008 5:40:06 PM


  14. Oh, look.

    Hideous, Obsessive Gay Bore (formerly HOGB, formerly AnotherDemocraticIdiot, formerly ThatsRich, formerly not quite so insane) is now posting as BARACK OBAMA.

    Get me a retrieval team from Bellevue, stat!

    Posted by: 24play | Sep 15, 2008 5:45:33 PM


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