Last week we pointed out that the Obama campaign was misrepresenting a quote from House Minority Whip Roy Blunt, R-Mo., taking a quote of his out of context to make it seem like he was saying something he wasn't.
The RNC did the same to Sen. Barack Obama, D-Ill., yesterday.
An alert went out from the Republican National Committee's Alex Conant yesterday suggesting that Obama praised the fundamentals of the economy even in the very same speech when he was hammering McCain, for praising the fundamentals of the U.S. economy as strong.
"Obama said it is the U.S. economy’s 'long-term fundamentals that will really make sure this economy grows'," the RNC's Alex Conant told reporters, "even after attacking John McCain for saying the same thing earlier in the speech."
Obama in Westminster, Colo., yesterday did say that "Senator McCain just doesn’t get it – he doesn’t get that this crisis on Wall Street hit Main Street a long time ago. That's why his first response to the greatest fiscal meltdown in generations was to say that the ‘fundamentals of the economy are strong,’ and why he didn’t say the words 'middle-class' once in an entire 90-minute debate."
But Obama's quote about fundamentals making the economy grow has been youtubed out of context:
When Obama said “after this immediate problem, we’ve got the long-term fundamentals that will really make sure this economy grows," he was not talking about the fundamentals of the economy being strong. He was talking about the fundamentals of his economic plan.
Here's the full context:"We don’t just need a plan for bankers and investors, we need a plan for autoworkers and teachers and small business owners," Obama said. "I have said it before and I’ll say it again: we need to pass, after this immediate crisis is over, an economic stimulus plan. Right now. For working families – a plan that will help folks cope with rising food and gas prices, that can save one million jobs by rebuilding our schools and our roads, and help states and cities avoid budget cuts and tax increases. A plan that would extend expiring unemployment benefits. For those Americans who have lost their jobs and have been working hard to find a new one, but haven’t found one yet. That’s part of the change we need.
"And then after this immediate problem," Obama continued, "we’ve got the long-term fundamentals that will really make sure this economy grows. Change means a tax code that doesn’t reward the lobbyists who wrote it, but the American workers and small businesses that deserve it. As President I am going to eliminate capital gains taxes for small businesses and start-ups. That’s how we’ll grow our economy and create the high-wage, high-tech jobs of tomorrow. I will cut taxes – cut taxes – but not the way John McCain does things. I’ll cut taxes for 95% of all working families."