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McCain befuddles us againMon, 09/15/2008 - 12:14pm
By: jackyldo
On the campaign trail in Jacksonville, Florida, the Senator declared this morning that "the fundamentals of our economy are strong," despite what he described as "tremendous turmoil in our financial markets and Wall Street." The line may seem like GOP boilerplate, save for the fact that this morning, the McCain campaign released a television ad that began: "Our economy is in crisis." Moreover, with financial and job markets in disarray, and with Lehman Brothers, the troubled investment bank, filing for bankruptcy, it may not be the wisest political message to tell voters that the fundamentals are a-okay. On Sunday, former fed chairman Alan Greenspan said the market was the worst he had ever witnessed and predicted another major bank would close soon. Meanwhile, inflation is rising, real wages are declining, and the problems in the housing market persist. McCain acknowledged, to various degrees, these topics in his Monday morning speech. "I promise you we will never put America in this position again," McCain said. "This is a failure. John you guys have run the country the past 12 years and deregulated the financial markets, gave working people no bankruptcy protection and allow the banks to charge 30 % credit card interest. You put us in this position NOW - Grampy and don't even realize it. login to post comments | previous forum topic | next forum topic |