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Obama Challenges McCain's New Definition of the 'Fundamentals' That Are Strong
September 15, 2008 7:03 PM
Sen. John McCain, R-Ariz., when describing the fundamentals of the economy -- which he maintains are strong -- has, in the past, described those fundamentals as the U.S. being "the greatest exporter, the greatest importer, the greatest innovator, the greatest producer, still the greatest economic engine in the world. And, by the way, exports and free trade are a key element in economic recovery."
Taking heat today for asserting this morning in Jacksonville, Fla., that the fundamentals of the economy are strong -- when headlines from Florida to Alaska wail about Wall Street failures -- McCain offered later in the day a new definition: "The American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they’re strong," McCain said in Orlando.
Sen. Barack Obama, D-Ill., has been hitting McCain hard on the comments for months, never including McCain's many caveats and statements of understanding that people are hurting.
Tonight in Pueblo, Colo., Obama not only repeated McCain's assertion about the strong fundamentals -- "of all days!" Obama said, "He said (it) just this morning" -- he also mocked McCain's new definition.
"A few hours later, after he said this, this morning he said this, 'The fundamentals of the economy are strong,' John McCain’s campaign sent him back out to clean up his remarks," Obama said to the crowd at the Colorado State Fair Grounds grandstand. "And he explained that what he really meant, what he really meant to say was that American workers are strong."
The crowd of an estimated 13,500 did not seem to believe the new explanation.
"Now, come on, Sen. McCain!" Obama said. We know you meant what you said the first time because you’ve said it before. You said it just a few weeks ago. And your chief economic advisor -- the man who wrote your economic plan -- said that we’re in a 'mental recession;' that this is all in our heads; that we’re a nation of whiners. That's what he called you, a nation of whiners!...
"Now, don’t get me wrong, don’t get me wrong," Obama said, "when Sen. McCain says that American workers are the backbone of our economy, and that they aren’t getting a fair shake from Washington, he’ll get no argument from me. My argument is, it's about time that he figured that out. Because I’ve been making that case for nineteen months.
"So, I congratulate Sen. McCain for saying something nice about American workers, I think it’s good that Sen. McCain is celebrating the American worker today. But it would have been nice if some time over the last 26 years he stood up for them once in a while!"
- jpt
September 15, 2008 | Permalink | Share | User Comments (97)
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What sez:
(in regard to electing every seat at all levels of government to a Democrat)
Dave that would be a disaster, you would create a dictatorship in that method, you want to be a country like Russia?
Don't be so silly and naive.
-----------------------------------
What,
When GWB won the election and the Republicans controlled both houses of Congress, I had a good Republican friend who was extolling the virtues 'efficient' government was going to be.
during the coming administration.
I made the same argument that you just made.
Posted by: Leonard Peltier | Sep 16, 2008 8:05:47 AM
Clearly in a time when our economy depends so much on the confidence of investors, both domestic and foreign, and when there is a major financial crisis, it is imperative that an aspiring President of the US mock the suggestion that, despite the current crisis, our economy is fundamentally sound. It's the job of any responsible head of state to stoke the flames of panic in the markets. Obama has shown that he can handle that job admirably.
Posted by: Judasmac | Sep 16, 2008 8:03:07 AM
old idiot said" ...economy, economy fundamentals are strong".
so , do not screw the nation, old Idiot. You said exactly what You meant - Yes, it is still strong for You, Alphonso, sitting on Cindy's shoulders with dozen of homes.
Yes, it is strong for You.
Also strong for Pit Bull ,sitting on taxpayuers shoulders with her endless family .
get Out from our Horizon, deletants.
Posted by: linda,fl | Sep 16, 2008 6:47:58 AM
Yes, American workers are strong, despite the fact that McCain has regularly voted against minimum wage increases (19 times) and continually votes against unemployment insurance benefits.
With his "definition" of economic fundamentals McCain just continues to show his ignorance about economics.
Economic fundamentals are: unemployment numbers, numbers of new jobs created, inflation rates, the state of personal incomes, % of home ownership, # of new business starts, # of building/construction starts, etc.
Across the board, thanks to Bush's mismanagement, the areas that should be up are down, the areas that should be down are up (inflation and unemployment particularly). And it's funny how McCain lauds his economic advisors Phil Gramm (the mismanager in chief of financial regulation in the Congress) and Carly Fiorina (who ran HP into the ground). These two are complete incompetants.
In fact, Carly Fiorina is a great metaphor for McCain's faulty ideas and the troubles with American businesses. She let HP's stock lose more than half its value thanks to an incredibly stupid merger with Compaq. She oversaw HP as it had to cut tens of thousands of workers and declines in profitability and the bleeding from her mismanagement still continues as the company just announced another 20k in job cuts.
It is no wonder that McCain has no clue about anything with these people who have so little vision and business acumen setting his policies.
Posted by: Bud | Sep 16, 2008 6:31:06 AM
Obama is trying to win on fear. He actually used the word "Depression" today when talking about the economy. Anyone who lived through the Depression knows that we're nowhere near that today. But that aside...
What exactly has Obama done as a member of the U.S. Senate to avert the housing crisis that is pulling our economy down?
And how exactly does he intend to fix our economy without discouraging business growth and entrepreneurship by imposing higher taxes?
Posted by: marylou | Sep 16, 2008 6:16:51 AM
All throughout 9/15/08's media coverage of the Economic Crisis we are IN--not just the financial institutions crisis but our country's crisis, there was speculation on how the candidates are going to handle the wall street problem, all pure speculation. How come no one is asking the current president, who is still in charge what he is going to do.
Bush is the one who should be hitting the stage handling this difficult time by addressing the American people.
We shouldn't look past him towards the 2 candidates for answers.
This is a real crisis and we need real solutions NOW
Posted by: clarity | Sep 16, 2008 2:35:06 AM
Howard
re: "he would change everything that over 200 years of American history and tradition has achieved."
..in case you haven't noticed, it only took Bush, Cheney et.al 8 years to bring America to edge of economic collapse. Hell, not even Bin Laden could do that.
re: "Obama talked his followers into believing and submitting to blind faith, "
now, which Republican candidate for Pres. is it again that's down on one knee kissing evangelical booty, and which V.P. candidate goes to one of them thar 'blind faith' 'speaking in tongues' fundamentalist churches in Alaska?
re: "that even if truth and facts are presented to them, they simply refuse to believe it."
well, here you are correct in summarizing the McCain/Palin campaign attack ads and distorted campaign speeches.
...maybe it's time to stop trying to recreate some version of a mythological American history and start living in the now, headed for a better future.
Posted by: Jazzman | Sep 16, 2008 2:23:19 AM
Obama would say or do anything to get elected. If elected, he would bring change all right ... he would change everything that over 200 years of American history and tradition has achieved. He would have no allegiance to our country's laws or customs. America would soon become a third world country with a totally weakened ability to defend itself. Since Obama talked his followers into believing and submitting to blind faith, instead of reason, Obama disciples are so emotionally invested in their messiah, that even if truth and facts are presented to them, they simply refuse to believe it. LIke lemmings, they would rather follow Obama off a cliff, than to accept the fact that he has been using them to achieve his personal ambitions. No Wright, no Farrakhan, no Pfleger, no Rezko, no Ayers, no mean Michelle, NOBAMA !!!
Posted by: Howard | Sep 16, 2008 2:11:00 AM
McCain is actually right on this one.....
If you and your wife own 9 homes and she's worth 100 million, the fundamentals are always strong.
If your like G.W. Bush and your family has money and they've bought your way into everything, the fundamentals are always strong.
If your a CEO and your company has gone bankrupt, 100's, maybe 1000's unemployed,
lose your house, health plan, retirement funds,
but you still get your 50 million bonus, the fundamentals are always strong.
Posted by: Jazzman | Sep 16, 2008 2:02:32 AM
Imagine if it were Obama saying the fundamentals of our economy are strong on a day like this.
It would have ended his campaign.
Posted by: cincyr | Sep 16, 2008 12:51:39 AM
I do not think McCain is redefining his idea of economic fundamentals.
the greatest producer the greatest innovator = The American worker and their innovation
their entrepreneurship, the small business = still the greatest economic engine in the world
but I am an optimist, which is why i feel the Democrats will not win. They are tending to be dismal and dreary when it comes to the economy
Posted by: gmcc | Sep 16, 2008 12:11:55 AM
The Republicans are the hugest complainers...what a bunch of little babies!
Posted by: stan | Sep 15, 2008 11:25:19 PM
Manolete,
Not all of Alaska loves sara palin.
Despite her favorite statement about the plane that she "put on ebay" it didn't sell on ebay.... and she sold it at a $600,000 loss.
She tries to take credit for stopping the bridge to nowhere, but she only backed down after the bridge drew so much negative publicity and congress stopped it. Oh, and they kept the money for the bridge.
And the chef still cooks for the state.... just not for the governor.
That's not what I would call a reformer!
Posted by: Navy Dad | Sep 15, 2008 11:14:12 PM
Dave that would be a disaster, you would create a dictatorship in that method, you want to be a country like Russia?
Don't be so silly and naive.
Posted by: What | Sep 15, 2008 10:55:41 PM
-------------------------
Maybe you shouldn't be so naive and look up dictatorship in the dictionary.
We the people still decide who gets elected. And the people still can remove anyone we so choose. And at this point in time, imho, we should remove all republicans. That will certainly get their attention, and maybe they will then take a long hard look at their failed policies.
Posted by: Dave | Sep 15, 2008 11:04:18 PM
ALASKA LOVES SARAH for the great work she has done reforming government to work for the citizens, and AMERICA IS FALLING IN LOVE WITH SARAH for her genuine sincerity, honesty and brilliant mind.
It is time to recognize that women can do a great job, many times better than men and Sarah Palin's record shows she is exceptional.
The Obama campaign and the liberal media is in disarray, confused and foaming at the mouth after the Maverick, John McCain chose Sarah Palin, a woman reformer for VP. Their response has been a vicious attack on Sarah ranging from insults to smearing and the sexist tactics that brought Hillary's campaign crashing down.
Obama fractured and divided the democratic party when he rejected the choice of 18 million democrats and instead of choosing Hillary for VP, he chose an old Washington politician Joe Biden, and by this grave mistake in choice, negated the flag of "change" Obama had been waiving and replaced it with the "more of the same" one.
On the other side, The Maverick stole the mantra of change from Barack when he selected a woman reformer for VP, who has gained the respect of the State she governs as well as of the nation governors.
The McCain/Palin ticket has also given hope to all the 18 million former Hillary supporters who now have a very compelling reason to vote for the republican ticket, as a way to put their country first by electing a president that has the qualifications, experience and love for our country and at the same time elect a woman to the White House as equal partners in governance and leadership of our country.
Country First!
DEMOCRATS FOR McCain/Palin!
Posted by: Manolete | Sep 15, 2008 11:01:09 PM
No matter what happens in this election, John McCain's image will not be tarnished.
Obama's will forever be in the gutter as a disgusting treason.
Posted by: John | Sep 15, 2008 10:49:48 PM
-----------------------------------
Sorry to break the news to you.... but McCain's image is already tarnished.
Even Rove said McCain's ads have gone too far!!!!! And you've got to be a real slime ball for Rove to say that about you.
Posted by: Navy Dad | Sep 15, 2008 10:56:02 PM
Dave that would be a disaster, you would create a dictatorship in that method, you want to be a country like Russia?
Don't be so silly and naive.
Posted by: What | Sep 15, 2008 10:55:41 PM
"The economy for the last 4 years is more of a democrat issue than a republican one, since congress has been in democrat controll during that time. A president can only do so much with out level of checks and balances. Can't point any one person or party, have to make choices overall that help everyone."
Posted by: Check into It | Sep 15, 2008 10:34:47 PM
------------------------
All the more reason to vote democrat for every spot on the ballot, for every seat, whether it's at federal, state. or city level!!!
If we take more republicans out of congress they can't play their games and filibuster.
And besides, the country did better with a democrat in the white house even when congress was a republican majority.
Posted by: Dave | Sep 15, 2008 10:51:35 PM
I'm tired of Barack whining about how terrible things "are" and how terrible things would be if McCain is elected.
He is a monster, set to slash and burn the likely next President, McCain, as he did to Hillary.
No matter what happens in this election, John McCain's image will not be tarnished.
Obama's will forever be in the gutter as a disgusting treason.
Posted by: John | Sep 15, 2008 10:49:48 PM
"Not so "Sam". I live in Dallas county. At the 2006 mid-term election the voters threw out EVERY SINGLE REPUBLICAN who ran for office. EVERY ONE. From district attorney to dog catcher. McCain had not better take Texas for granted any more. Remember, Texas was Democratic LONG before it fell for the Repub nonsense. Take your tampon and smoke it you cretin."
Posted by: Chris in Texas | Sep 15, 2008 9:59:47 PM
----------------------------------
Since 1968, Texas has only gone to the democrats in '68 and '76 - and it was very close both times.
With that said, it sure would be nice if the majority of Texans became more intelligent and didn't fall for the republican lies and BS.
Obama/Biden '08 '12
Posted by: Dave | Sep 15, 2008 10:43:56 PM
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