McCain's Economic "Fundamentals" Definition Ripped By Obama Campaign

John McCain quickly got hammered by Barack Obama on Monday when he declared that the "fundamentals of our economy are still strong" at an event in Jacksonville, Florida. John McCain subsequently attempted to walk back the comment in a later speech, saying:

"The economic crisis is not the fault of the American people. Our workers are the most innovative, hardest working, best skilled, most competitive in the world. That is the American worker. My opponent may disagree, but those fundamentals of the American worker and their innovation and entrepreneurship, those are the fundamentals of America and I think they're strong. But they are being threatened today, those fundamentals are being threatened because of the greed and corruption that some have engaged in on Wall Street; we have got to fix it."

As the Politico noted, that's an awfully vague (and idiosyncratic) way to define economic fundamentals -- which are actually statistical indicators like unemployment, inflation, and consumer confidence.

Now, Barack Obama's campaign is hitting back at McCain's attempt to redefine his earlier remarks. In a statement to the Huffington Post, spokesman Ben LaBolt said: "John McCain must think the American people are stupid. His campaign's pathetic attempt to clean up their candidate's disturbingly out-of-touch statement that the 'fundamentals of our economy are still strong' is about as believable as the dishonest, dishonorable campaign they've been running."

Comments

[LeaderofMen]

Name ONE econ prof or name ONE econ book, either 101 or 401 that says the 'fundamentals' is defined by the workforce.

ONE.

[WFV]

He didn't walk back from his earlier statement - he ran away from it. Characterizing fundamentals as US workers is so lame, it didn't make any sense to me at first. I had to watch his explanation about 3 times before I understood where he was attempting to go. It didn't work at all.

McC has no clue what to do about this. None whatsoever.

[DJ23]

Obama: 'Fundamentals'

http://www.politico.com/blogs/bensmith/0908/Obama_Fundamentals.html

[TwoCentsIn]

Bush-McCain Misery Index

Wall Street bailouts and busts
Trillions in national debt
War to secure "presidential place in history"
Nation building
De-regulation leading to
home foreclosures
bank failures
economic disaster
6.1% unemployment
Karl Rove politics--Distraction from issues

Enough, already.
T T B O!!!!!
Throw The Bums Out!

[blastit]

Can the Obama camp please stop saying the McCain camp must think the American people are stupid..hello most Americans are stupid..I wish the Obama camp would realize this that is if they already don't..

[ropadopa]

It is getting closer to the point where someone must intervene to save the GOP from John McCain and certain destruction. It just keeps getting stranger and stranger everyday by the minute to the point where I am now afraid to look my Republican friends in the eye out of fear that they might do something stupid. What is really sound economic fundamentals, what is victory in Iraq, what are family values what is openess and transparency and ethics. Who the f...k belives any of this B.S.

[Paul Peete - Huffpost Blogger]

McCain has been deceiving the public for all the years he has been in public office. He was clever to use the earmarks and Maverick labels, but behind the scenes he and his cronies and lobbyists have cleaned up, I bet he launders his money through Cindy's secret accounts. Read this and get the long view.
http://www.huffingtonpost.com/paul-peete/mccain-for-sale-to-the-hi_b_126375.html

[ProFromOre]

I agree completely Paul, I contend he's been lying since he crashed the trainer his first year out of Annapolis. The one he 'borrowed' to fly back for the Army-Navy game. His daddy Admiral got him out of trouble then and later.

He's been lying and then lying to cover up every since. There are many veterans who don't believe his POW stories.

Everybody needs to keep the pressure on him; the press, the blogs, the supports, he will pop before it's all over. He'll demonstrate the Real John McCain, just keep pushing.

[lincat]

God, how disgusting and pathetic.

[LordWallace]

Like Barrack Obama said, "if you think those lobbyists are working day and night for John McCain just to put themselves out of business, well then I've got a bridge to sell you up in Alaska."

[TullyMars]

Ah quit your whining... it's a mental recession.

[anopenmind]

You"ve stood firm with Geroge Bush and his failed Economic Policies and what you"re
offering is more of the same
http://www.youtube.com/watch?v=jloV0OQK7IM&feature=user

[nhplanner]

Unbelievable! McCain says the economy is fundamentally strong in the morning and then later in the day he says that the economy is in a crisis. Does he think we are all stupid? Don't answer that because judging by all of his lies recently, I guess he does think we are stupid or at least very forgetful.

[Lupin77]

Yes, he does think we're stupid and aimless sheep who can be led by the nose. Maybe his economic situation is great - there's lots of money in his family - but everyone else is hurting and he can't identify with us. He's not one of us.

[anopenmind]

Today! The Evening

Obama: McCain "You can't run away from your record - You have stood firm with Goerge W. Bush!!
http://www.youtube.com/watch?v=jloV0OQK7IM&feature=user

He's all fired-up.

[anopenmind]

It"s all in your head -
http://www.youtube.com/watch?v=0P6bkbdAkFg

[shelobo]

Nearly 56,800 Connecticut Light & Power and United Illuminating customers lost their electricity last year after failing to pay their bills ,they just didn't have the money ,skyrocketing food and gasoline prices strain budgets, utilities are disconnecting many more customers who fall behind on their bills, and even moderate-income households are getting zapped.
Electricity and natural gas shutoffs are up at least 15% in several states compared with last year. Totals for some utilities have more than doubled ( http://www.usatoday.com/money/industries/energy/2008-06-23-utility-bills-shut-off-disconnect_N.htm ). Now add to these statistics of people loseing their HOMES , JOBS ,and NO medical care and TELL ME THAT OUR ECONOMY IS FUNDAMENTALY STRONG ,McCains campaign idiots like Him ,are FUNDAMENTALY DERANGED and FUNDAMENTALY STUPID !!