Monday, September 15, 2008

It's the economy stupid

The stock market lost 500 points today, Wall Street's worst drop since the days following 9/11 more than 7 years ago. Incredibly, Senator McCain told an audience in Jacksonville, Florida: "The fundamentals of our economy are strong," despite the "tremendous turmoil in our financial markets and Wall Street." Watch the clip:

Anyone who thinks the economy is still strong after the beating the financial industry has taken in just the last month shouldn't be allowed to run for any public office, let alone President. Ironically, the McCain campaign released a TV ad this morning that began: "Our economy is in crisis."

So which one is it - we're in crisis or we're strong? McCain contradicts himself with his own ad. That's astounding double speak even for him.

Former fed chairman Alan Greespan said on Sunday that the market was the worst he had ever witnessed and predicted another major bank would close soon. I'm more inclined to believe him then this guy:

Of course Palin hasn't weighed in at all on the economy today and the media has been kept a football field's length away from her just to make sure she doesn't say anything ridiculous.


Karen said...

Palin's inane babbling yesterday to "gals and fellas" while the economy is in crisis was telltale of how clueless she really is. Why the mainstream media won't call her on this is beyond me.

Karen said...

Palin's inane comments yesterday and lack of substance in the wake of a massive financial crisis is truly scary. Is anyone from the mainstream media going to call her out on it?