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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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People don't follow sound bites that the media provides, they are to get an audience. Check into the candidates their voting in the last few years, their policy for the future.

Obama's tax plan will hurt all people it is sold as more money for the lower and middle class when they too will be paying a much larger portion of their taxes.

Check into things, Obama has no concept of the economy or money - Tony Rezko owns his home. And most things he says he follows McCain.

Change and more of the same, yes that's what your offering Obama.

Please Americans look into these things with Snopes and your favorite news sources you will learn about the real candidates. Don't just follow a party, don't follow a sound bite.

Do what is best for you, your family, your job and your safety.

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

"The state of the Dow today cannot be attributed to the economy as a whole, but instead to the failure of one of America's largest investment banks that got burned through its investment in subprime mortgage funds. "
Posted by: Stephen Gianelli | Sep 15, 2008 8:25:10 PM-------------------------------------------

You are as clueless as McCain. It wasn't a failure of ONE investment bank. One is going bankrupt, another was luckily purchased before it had to go bankrupt, and AIG is having to borrow just to stay afloat.

Posted by: Dave | Sep 15, 2008 10:34:37 PM

We are responsible, for whoever we choose as president. If we choose McCain, we should bear responsibility for that choice, if we choose Obama, we should bear responsibility for that choice. So for economy, America's stand in the world, we would bear responsibilty for whoever we pick as president. If the country gets worse, the economy crashes and we lose our stand in the world as number one because of who we pick as president, its not the president's fault but ours.

Posted by: Benjamin | Sep 15, 2008 10:08:20 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

I always wondered exactly what McCain meant by 'country first'. At first, I figured that it signalled a change in the standard Republican position of putting their party before their country, but now I'm not so sure. Does this mean that McCain doesn't agree with the premise 'one country under God?' Thats been in the pledge of alliegance for about fifty years now, does he want to go back to the original?

Posted by: Mike | Sep 15, 2008 9:57:10 PM

Debra - please accept my apology. You are obviously sincere in your beliefs. Sincerity is good for all of us.

Posted by: Chris in Texas | Sep 15, 2008 9:56:35 PM

Samantha and Debra - thanks I found it. Although I'm wondering why this only appears on the NY Post and FOX News.... Still, something to think about.

Posted by: Chris in Texas | Sep 15, 2008 9:46:04 PM

The king of voter fraud Obama and his asociation with ACORN....this election will be fixed and it's going to make the Bush/Gore debacle look like a teaparty.....it'll be a month before we know who won and Obama/Axlerod will be playing dirty Chicago politics again.

Posted by: Debra | Sep 15, 2008 9:44:00 PM

wade:...yes that does count


Palin said she would cooperate in troopergate and now refuses even after her husband has been subpoenaed.

If it were Barack & Michelle Obama in this mess what would the media and republicans be doing?

Posted by: watching | Sep 15, 2008 9:43:54 PM

Flash Overdrive - well said. Not that I'm cynical or anything.....

Posted by: Chris in Texas | Sep 15, 2008 9:42:25 PM

Chris in Texas,....read the NY Post...google Obama to delay Iraq troop withdrawl.

Posted by: Debra | Sep 15, 2008 9:41:28 PM

How about McCain just keep challenging the fraud to town halls? The tone of this campaign wouldn't have to be this way IF OBAMA DIDN'T RUN SCARED. Hillary encountered this and when he wouldn't meet her for debates, they took a more negative tone because Obamai wouldn't MAN UP!
McCain needs to keep hammering this empty suit to MEET HIM FOR 10 TOWN HALLS! HE RUNS ON SCARED...BARACK HUSSEIN OBAMA!
McCain you keep challenging him on that or the ads are just going to keep going more negative!

Posted by: Debra | Sep 15, 2008 9:40:12 PM

Samantha - the "washington post" is a big entity. Please provide the link to the article so we can all read it.

Posted by: Chris in Texas | Sep 15, 2008 9:39:32 PM

BarbaraD - I agree with you to a point. McCain now says that financial institutions need more regulation. He conveniently forgets that he and his party are responsible for the very deregulation that he now wants to reverse. Where was he during the S & L debacle? Answer - having dinner with John Keating. He can't have it both ways. He can't be the "maverick" outsider when he is the consummate insider.

Posted by: Chris in Texas | Sep 15, 2008 9:38:16 PM

The facade of government authority is too weak at present for the ruling class to allow McCain to win. This is evidenced by his fellow Republicans beginning to throw him under the bus. The ruling class, it appears, has decided that McCain doesn't have what it takes to keep the opposition loyal. I for one am glad that we are going to have a black president, and yet, in the end it hardly matters what race our overseer is - we're still on a plantation after all.

Posted by: Flash Override | Sep 15, 2008 9:35:24 PM

Actually it's called being responsible. While portraying the economy as a disaster may have short-term gain for Senator Obama, it will not help the situation as the market is largely driven be the confidence of investors at any given time. Mr. McCain has acknowledged that our financial institutions need to have more regulation and that he knows that it is a difficult time for Americans. Trashing the economy is putting politics before responsible governing. GW Bush did the same thing prior to being elected which no doubt helped worsen, in the short run, the decline in the stock market that came in the wake of the dot-com bust. Obama, as usual, puts himself first.

Posted by: Barbara D | Sep 15, 2008 9:31:55 PM

So "Samantha". You've posted the same "story" a number of times here without identifying the source. Can you provide a link to this article?

Posted by: Chris in Texas | Sep 15, 2008 9:24:22 PM

JOHN MCCAIN during the banking and housing crisis:
"The fundamentals of the economy are strong."

HERBERT HOOVER during the Great Depression:
"The economy is fundamentally sound."

McCain just doesn't get it. Vote Obama.

Posted by: VoteObama | Sep 15, 2008 9:22:50 PM

Samantha

The New York Post is owned by Rupert Murdoch, who happens to own Fox "News".

The story is a lie.

Posted by: AkaDad | Sep 15, 2008 9:21:21 PM

MidWestLady - the days where this country can produce leaders like Lincoln and FDR are long gone. The American dream has been inherited by "lesser men". Politicians of both major parties put party first, American people second. Their only purpose is to attain and maintain power for its own sake. Every election cycle they pander to us because they need our votes. Once elected they go do whatever they want without regard for our needs. Personally, I fell for Bush's "compassionate conservatism" line. Mea culpa. What separates the Bush administration from all administrations since Nixon is that Bush is completely honest about it. Anyone remember what Cheney said when told that the American people did not approve of the Iraq war? He looked right into the camera and said "so what".

Posted by: Chris in Texas | Sep 15, 2008 9:18:33 PM

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