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So What ARE the 'Fundamentals'? And Are They Good?
September 16, 2008 9:20 AM
A simple question I put to some nonpartisan economic experts.
Free from politics, when people generally talk about "the fundamentals" of the economy what do they mean?
And are they good?
"One definition," responded one, providing THIS LINK and this definition: "A very broad term which includes such economic measures as interest rates, the government’s budget deficit, the country’s balance of trade account (relating to exports and imports), the level of domestic business confidence, the inflation rate, the state of (and confidence in) the banking and wider financial sector and consumer confidence."
"By this definition, things aren't so good," the expert said.
Another said, "To which we might add health of job market, value of home prices and stock prices (which have the greatest impact on household wealth) and ability of wages to keep up with prices -- these fundamentals are also not good."
- jpt
September 16, 2008 | Permalink | Share | User Comments (80)
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It's pretty funny that McCain tried to back out of saying "the fundamentals of the economy are strong" by trying to tell us (ignorant americans who don't have dictionaries, apparently) that "fundamentals" means "workers".
What?
If you are on this website, you are on a computer. If you are on a computer, your computer probably has a dictionary application. Open it. Look up "fundamentals". The definition of "fundamentals" cannot be stretched to mean "american workers" no matter how much John McCain wants to try to fool everyone into thinking that's what he meant.
McCain insults americans' intelligence by trying to get us to swallow his swill.
We're smarter than that. McCain is the elitist, looking down on americans, thinking we will blindly accept all his distortions and lies.
Posted by: jds | Sep 17, 2008 2:16:03 PM
I think more people are voting for Palin just because she is a woman than people voting for Obama because he is black. Blacks normally vote democrat anyway.
Posted by: d | Sep 16, 2008 2:40:11 PM
I'm voting for Obama because I believe that he is the more intelligent, thoughtful, and most in-line with my views candidate. I believe that an Obama administration would better serve the majority of this country than a McCain administration would.
I NEVER said I was voting for Obama BECAUSE of his race, whereas you directly implied that simply adding a woman to the VP spot on the ticket was "enough for" you to vote for McCain. What does that say that that's what you inferred from my statement?
Posted by: DP | Sep 16, 2008 2:36:57 PM
"But to vote for someone *just* because they're a woman or a minority is about the dumbest thing I've ever heard."
-----
Voting for Obama because he's HALF "black" strikes me as way dumber than voting for Palin, who actually IS female.
Posted by: Belle Starr | Sep 16, 2008 2:30:54 PM
"why is McCain trying to steal that thunder and rebrand himself as change, when he's done nothing to change the status quo he's been a part of for the past 26 years?"
-----
Be fair: McCain's never been a status quo politico -- and simple longevity, as opposed to the time-serving bluster of Obama enablers Biden and Kerry, isn't a bad thing.
As for "change", there's probably never been a candidate for ANYthing who doesn't talk about it.
McCain says he'll "drain the swamp", and there's no reason to disbelieve him -- at least he knows where the bodies are buried. And he's let a WOMAN into the boys' club, which is good enough for me.
Posted by: Belle Starr | Sep 16, 2008 2:00:09 PM
"The idea that a ticket including a jejeune mobster AND Joe Biden is going to "change" anything for the better is frightening AND funny."
If it's so frightening and funny, why is McCain trying to steal that thunder and rebrand himself as change, when he's done nothing to change the status quo he's been a part of for the past 26 years?
Posted by: DP | Sep 16, 2008 1:48:13 PM
"that doesn't mean I'm ready to hand things over to Marxist Obama!!!"
-----
Obama's a mobster using Stalinist tactics, not a "Marxist".
Posted by: Belle Starr | Sep 16, 2008 1:26:40 PM
I'll give you that the fundamentals at this point are not what you would call good .... but that doesn't mean I'm ready to hand things over to Marxist Obama!!! Why would I want to make things worse 50-fold!!!
Posted by: D'Obama | Sep 16, 2008 1:18:09 PM
re: Belle Starr
"was a famous American female outlaw."
fits right in with Bush & Cheney, very 'instersing' as Pres. Chimpy would say....
Posted by: Rex | Sep 16, 2008 12:44:44 PM
"Richard Cohen goes off on McCain ... "
-----
Got tired of being called "a preening hack", etc., for criticizing The CHANGEling and changed sides? Lord knows THAT happens ...
Posted by: Belle Starr | Sep 16, 2008 11:54:09 AM
Herbert Hover
Ronald Reagan
George W. Bush
Posted by: Leonard Peltier | Sep 16, 2008 11:47:07 AM
"If you wanted someone to destroy a corrupt establishment, [Palin would] be your woman. But the constructive act of governance is another matter. She has not been engaged in national issues, does not have a repertoire of historic patterns ... "
-----
These are GOOD things -- and comparing Palin to third-generation Bush is silly.
The idea that a ticket including a jejeune mobster AND Joe Biden is going to "change" anything for the better is frightening AND funny.
Posted by: Belle Starr | Sep 16, 2008 11:38:12 AM
Richard Cohen goes off on McCain, seizing on the Palin pick as a sign of how far gone the candidate is:
McCain has turned ugly. His dishonesty would be unacceptable in any politician, but McCain has always set his own bar higher than most. He has contempt for most of his colleagues for that very reason: They lie. He tells the truth. He internalizes the code of the McCains -- his grandfather, his father: both admirals of the shining sea. He serves his country differently, that's all -- but just as honorably. No more, though.
...
His opportunistic and irresponsible choice of Sarah Palin as his political heir -- the person in whose hands he would leave the country -- is a form of personal treason, a betrayal of all he once stood for. Palin, no matter what her other attributes, is shockingly unprepared to become president. McCain knows that. He means to win, which is all right; he means to win at all costs, which is not.
Posted by: Rex | Sep 16, 2008 11:32:59 AM
In the current Weekly Standard, Steven Hayward argues that the nation's founders wanted uncertified citizens to hold the highest offices in the land. They did not believe in a separate class of professional executives. They wanted rough and rooted people like Palin.
I would have more sympathy for this view if I hadn't just lived through the last eight years. For if the Bush administration was anything, it was the anti-establishment attitude put into executive practice.
And the problem with this attitude is that, especially in his first term, it made Bush inept at governance. It turns out that governance, the creation and execution of policy, is hard. It requires acquired skills. Most of all, it requires prudence.
...
Sarah Palin has many virtues. If you wanted someone to destroy a corrupt establishment, she'd be your woman. But the constructive act of governance is another matter. She has not been engaged in national issues, does not have a repertoire of historic patterns and, like President Bush, she seems to compensate for her lack of experience with brashness and excessive decisiveness.
Posted by: Rex | Sep 16, 2008 11:32:25 AM
"The Republican National Committee has $110 million dollars to spend making
sure that your vote is not counted."
-----
I doubt THAT: if my vote doesn't go to Nader, it'll go to Palin.
Posted by: Belle Starr | Sep 16, 2008 11:28:55 AM
McCain proven to be a clueless liar again.
Right wing response?
Make fun of Obama-DNC fundraiser
Posted by: Ryan C | Sep 16, 2008 11:26:43 AM
"You will soon learn that we are all in this together, like it or not, regardless of the outcome of the election."
-----
Well, rich people are "all in this together", anyway.
The only thing about this crap-fest that interests me is why anybody in his right mind would vote for a "change" ticket that includes Biden.
Posted by: Belle Starr | Sep 16, 2008 11:25:45 AM
Belle,
The Republican National Committee has $110 million dollars to spend making
sure that your vote is not counted.
That is 6 times what the DNC has to
make sure that your vote IS counted.
Obama has to run his campaign and face
the election without the help of the deep pockets (like 6-7 figure checks) that go to the RNC. So he has some
supporters in L.A. who can contribute far more than you or me. For it they get dinner and a show with Streisand.
Do you think they really care about what they are getting for their money beyond the candidate that they believe in?
Posted by: Leonard Peltier | Sep 16, 2008 11:25:42 AM
"Obama thinks the economy is in bad shape and yet has a $30,500 dinner/concert with Streisand!"
-----
Meanwhile (from politico):
"Earlier this month, Senate Majority Leader Harry Reid made a personal appeal to Barack Obama: Help me grow the Democrats’ Senate majority by sharing some of the $77 million you’ve got in the bank.
Obama’s campaign said no."
Posted by: Belle Starr | Sep 16, 2008 11:21:03 AM
Belle Starr,
We should be concerned that the great black hope says not one word about poor people -- for whom the continuing impoverishment of what's left of the middle classes isn't exactly a pressing problem.
-------------------------------------
You will soon learn that we are all in this together, like it or not, regardless of the outcome of the election. But if you think McCain is going to help you, you are in for a big
disappointment. Has Trickle Down done much for you over the last 8 years?
Posted by: Leonard Peltier | Sep 16, 2008 11:20:00 AM
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