McCain: Economy is still ‘strong”

Just because John McCain says it doesn’t make it so!

I’ve provided the text below with my commentary added, but, here’s the link:
http://firstread.msnbc.msn.com/archive/2008/09/15/1399191.aspx

From NBC/NJ’s Adam Aigner-Treworgy
JACKSONVILLE, Fla. — Addressing today’s news of upheaval in America’s financial markets, McCain said this morning that, despite fears over the “turmoil” on Wall Street, “the fundamentals of our economy are strong.”

“But,” he added, “These are very, very difficult times.”

Democrat Dave: Which is it Senator McCain?   Is is strong or difficult?   For you, it’s probably “strong.”  But, for the majority of Americans, they’d probably characterize it as “difficult.” Let’s see, we’ve just seen the collapse this weekend of Lehman and Merrill Lynch, we have a unemployment at a five-year high of 6.1%, real estate prices are collapsing because of the sub-prime mortgage mess that brought down Fannie Mae and Freddie Mac that will also cost the American tax payers billions due to a lack of Executive Branch oversight, etc.  Want more?

The Obama campaign seized on the statement, contrasting it with McCain’s new ad — “Crisis” — which paints a more foreboding picture of the American economy.

“That shows that he is extraordinarily out of touch,” said campaign spokesman Tommy Vietor. “It’s even more surprising when you look at his ad today that shows the economy in crisis, that’s the lead of his ad.”

In addressing the Wall Street troubles today, McCain criticized the existing system of oversight over financial markets and voiced his opposition to a bailout of Lehman brothers funded by taxpayer dollars.

Democrat Dave:  The Republicans have abdicated their oversight responsibilities time and time again over the past 8 years.  The Republican laissez-faire approach to governing is criminal.  Senator McCain:  Is your level of oversight going to be as throughout as your vetting of your VP candidate?  Or, can we expect your oversight to be more thorough in areas that matter?  By the way–I think your choice of Sarah Palin reflects more pandering to special interests than it did careful oversight.  Just my 2 cents.

“We’ve got to take every action to build an environment of robust energy supplies, lower inflation, controlled healthcare costs, access to international markets, low taxes and reduced burden of government to allow people to move forward toward a future of prosperity,” McCain said. “A McCain-Palin administration will replace the outdated, patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street.”

Democrat Dave:  Sweet words, John McCain–no substance. You’ve already said that you aren’t going to lower taxes for the middle class.  So, people hear your words and think “John McCain is going to look out for me” but the reality is you’re only going to take care of your rich friends.  Let’s see–your definition of rich is someone making more than $5 million a year, not someone with a net worth of $5 million (which is very, very substantial) but someone making $5 million income a year.  My God, Senator McCain–how many of those with a $5 million annual income do we have in the U.S.?

Government efforts, added the Arizona senator, should be focused on “ensuring that the deposits of hardworking Americans are protected and the taxpayers are not involved.”

Democrat Dave: What a contradiction we have here–in his own words!  We are seeing and will continue to see for the next 18 months more and more bank failures.  Those FDIC guarantees are backed by the government, right?  So, with your wonderful, compelling understanding of the economy and banking Senator McCain, your statement is contradictory.  Where do you think the government gets its money, Senator McCain?  From your wife?   Perhaps we’re beginning to understand some of your culpability in the Keating Five wasn’t due to intentional misdeeds, but, a genuine lack of understanding–you were out of your element.  We can’t afford the risk to have someone so out of his element be President of the United States of America.
 
Characteristically, McCain said that spending was the problem in Washington, but he corrected a statement he made on ‘The View’ last week where he said Palin had not requested any earmarks as governor.
 
“Every year she’s been in office Governor Palin has cut those [earmark] requests and she’s vetoed a half a billion dollars in wasteful spending in office,” he said today, while also criticizing Obama for his earmark requests.

Democrat Dave:  Well, finally the truth is beginning to emerge about Governor Palin.
 
Although the substance of his other attacks on Obama today were similar to other days, he introduced them by dismissing his opponent’s recent “insults.”
 
“Friends, Senator Obama’s been saying some pretty nasty things about Governor Palin and me,” McCain said. “That’s okay. That’s okay. He can attack if he wants but all the insults in the world aren’t going to bring change to Washington and they’re not going to change Senator Obama’s record.”

Democrat Dave:  Ding, ding, ding, ding, ding!   My B.S. detector just went off.

At his first solo campaign rally since announcing Palin as his running mate, McCain drew a crowd of roughly 3,000 people in the 16,000-seat Veterans Memorial Arena here this morning. According to local reports, the event was originally planned as a pancake breakfast at the local fairgrounds but was moved when crowd interest exceeded the fairgrounds capacity

Democrat Dave:  Poor John McCain.  Could it be he’s just not as compelling a candidate as he thinks he is?  Or, is this because of the liberal media?  Or, maybe people don’t understand that he’s a war hero?  Or, perhaps it’s because nobody wants to see him unless he brings along his running mate?

John McCain in his own words describes how “out of touch” he is.  We can’t afford a McCain-Palin administration.   Please support Barack Obama and Joe Biden.  Thanks!

Democrat Dave

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One Response to McCain: Economy is still ‘strong”

  1. culturepress says:

    Oh this is precious! Sure McCain thinks the economy’s strong. He has so many houses he can’t count ’em.

    Your insight is right on point, as always.

    Like

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