This is getting embarrassing. McCain says "the fundamentals of our economy are strong," then tries to explain it away by saying "the workers of America are the fundamentals of our economy and our strength and our future. And I believe in the American worker."
I saw a few weeks ago the Fox News bottom-of-the-screen
"explainer" graphic say the following: US Employment at 93.9%.
I immediately thought to myself... wow, that's great!
Then I turned over to the slanted, anti-American CNN and all they could talk about was "unemployment" at 6.1%. The fundamentals are strong, though.
Heck, if we would have had Fox News back in 1934 their graphic would have read "US Employment Booms! 75% of us are working!"
Posted by: Brad Krantz | Sep 16, 2008 at 07:56 PM
I work in a fundamental business of buying and selling industrial equipment and we are having our third straight year of double digit growth. Our sales to existing manufacturing concerns and third party resellers is scorching hot.
At the beginning of the year we were all worried about this recession thing, but it looks like businesses that pay their bills and don't spend money they don't have are pretty strong.
In a fundamental way.
Posted by: Jeffrey Sykes | Sep 16, 2008 at 08:17 PM
McCain/Palin are running one of the most dishonest presidential campaigns ever. McCain: The economy (fundamentally) is strong! Palin: Thanks but no thanks to that bridge to nowhere. McCain: Reform! Palin: Thanks but no thanks... McCain: Maverick! Palin: Thanks but no thanks....
This is a campaign that is slipping into self-parody territory.
Posted by: John The Catholic | Sep 16, 2008 at 09:19 PM
Jeffrey I think one of the big problems is that some of the companies that behaved most irresponsibly, and spent more money that they didn't have than anyone else, were the very companies that have their hands on the proverbial vault door.
You're right, though, that many companies are doing well in this economy.
Posted by: Jon Lowder | Sep 16, 2008 at 09:37 PM
I guess more and more American's are falling for those "lies", huh?
McCain said a dumb thing, but the attacks on him and Palin show a growing desperation. Obama is running one of the most dishonest presidential campaigns ever, running as an agent of change while offering the same tired liberal agenda; running on a "new kind of politics" while running a nasty campaign attacking McCain's age;, running on an new era of bipartisanship while his record shows him to be one of the most partisan Democrats in Washington. Running on a campaign of immediate troop withdraw from Iraq while secreting violating the law and trying to negotiate delaying troop withdraw from Iraq. Running on a campaign of raising taxes on the "rich" as a key to a better economy, but then saying he might delay any increase in order to help the economy. Saying he would accept public financing of his campaign, but then doing exactly the opposite. Talking about having a more civil political discourse, but then rejecting McCain's offer of numerous face to face town hall meetings.
I think I am going to have to borrow my global warming phrase that I stole from Johnny Rotten:
Ah ha ha, ever get the feeling you've been cheated?
Posted by: Spag | Sep 16, 2008 at 09:47 PM
Ditto Jeffrey.
It is all about "the fundamentals" if a company is to survive during either good times or bad: Living within your means, paying your bills, doing what you say, paying employees a wage they can live on and treating them with respect... etc.
My company is thriving because our fundamentals are sound, I believe.
Greed seems to be the driving "fundamental" behind this whole Wall Street meltdown.
Posted by: David Hoggard | Sep 17, 2008 at 09:01 AM
Good news from my friends is always cheering, but arguing from anecdote doesn't change the fact that McCain misstated the meaning of "economic fundamentals," nor does it change the fact that a lot of good, decent, hard-working folks are suffering in this economy.
Posted by: Ed Cone | Sep 17, 2008 at 09:11 AM
Agreed Ed on all of your points, but I saw a chance to blow my own horn and took it.
Posted by: David Hoggard | Sep 17, 2008 at 09:21 AM
Let us not forget that the anecdotes are coming from North Carolina where Democrats (with Republicans on many issues) have remade the state into a growth engine.
My favorite take on this was Colbert. His quote is along the lines of "the fundamentals are strong, we are still paying for goods with dollars, we have not resorted to a barter system and substinence hunting, now let me blow my nose with Lehman stock."
Posted by: TarGator | Sep 17, 2008 at 09:39 AM
Hey Jeffrey,
How much does the Obama campaign pay you to post the talking points of the day. You are not one of those paid Push Trollers are you?
Posted by: austin | Sep 17, 2008 at 09:43 PM
How much does the Obama campaign pay you to post the talking points of the day.
If you'd been paying attention, you would know that I turned Obama off and stopped drinking the Kool Aid when "naw, naw, naw" came to light.
Posted by: Jeffrey Sykes | Sep 17, 2008 at 11:11 PM
Still embarrassing? Just wondering. Or is Obama embarrasing now for saying the exact same thing with the exact same rationale?
I'm not much into reviving months old threads, but this one is way too good to pass up.
Are you embarrassed, Ed? Is there some reason that Obama's statement on March 13, 2009 that he is focusing on the "fundamentally sound economy" which his Administration claims means "the American worker" somehow not embarrassing?
Not even worth a post? (said in Stewie Griffin voice). Why the difference? You're not a partisan, are you? Or am I simply once again just assigning some false motive to you, you know, arguing with the messenger instead of the message? You can't really pull that one this time, can you?
Posted by: Spag | Mar 17, 2009 at 07:28 PM