As we hit another low in the financial crisis that has struck the United States, John McCain put his ignorance of the economy on full display, by once again saying that the economy is fundamentally strong. This prompted his rival for the presidency Barack Obama to ask McCain, what economy are you talking about?
Here is the video of McCain in Florida expressing his belief that the fundamentals of economy are strong:
While campaigning in Colorado, Obama asked McCain which economic fundamentals was referring to, Senator – what economy are you talking about? What’s more fundamental than the ability to find a job that pays the bills and can raise a family? What’s more fundamental than knowing that your life savings is secured and that you can retire with dignity? What’s more fundamental than knowing that you’ll have a roof over your head at the end of the day? What’s more fundamental than that?”
He continued, “The fundamentals we use to measure economic strength are whether we are living up to that fundamental promise that has made this country great – that promise that America is the place where you can make it if you try – a promise that is the only reason that we are standing here today.” Later in Orlando, McCain tried to do some damage control by saying that he was referring to the American workers, which only serves to make his remarks more nonsensical, because America workers are the ones being hardest hit by this economy.
Every time McCain opens his mouth on the economy, he makes Obama’s argument for him. The Republican nominee seems to know little about the economy, and what’s even worse is that he doesn’t care. Wall Street is in crisis. Lehman Brothers is in bankruptcy. Merrill Lynch was sold to Bank of America for $50 billion in stock, and $700 billion in wealth was wiped out today. Yet, John McCain thinks that the economy is fine.
McCain’s gibberish about workers was just a poor attempt at political cover from a candidate who has not spent more than five minutes talking about workers issues during this entire campaign. Look, if America wants to reelect Herbert Hoover that’s fine, but voters had best be prepared for the consequences of electing a man president who has little concern for the economy in times that continue to grow increasingly desperate.