Say goodbye to Carly Fiorina on the campaign trail. The former CEO of Hewlett-Packard and John McCain mouthpiece will likely be exiled to political Siberia after suffering one of the campaign's worst cases of foot-in-mouth disease Tuesday. Asked by NBC's Andrea Mitchell to explain a comment she made last week in a St. Louis radio station interview that Gov. Sarah Palin, McCain's vice-presidential running mate, is not capable of running a major U.S. corporation like HP, she committed surrogate Hara-kari:
"Well, I don't think John McCain could run a major corporation, I don't think Barack Obama could run a major corporation, I don't think Joe Biden could run a major corporation. It is a fallacy to suggest that the country is like a company. So, of course, to run a business, you have to have a lifetime of experience in business, but that's not what Sarah Palin, John McCain, Joe Biden or Barack Obama are doing."
So, the woman who herself in 2006 was booted out of HP -- a company about to cut 26,000 jobs (7.5% of its workforce) -- says neither a presidential or vice presidential candidate could run it either. Apparently, HP must be one helluva difficult company to run.
Sen. Obama was quick to pounce on Fiorina's gigantic gaffe: "If John McCain's top economic adviser doesn't think he can run a corporation, how on Earth can he run the largest economy in the world in the midst of a financial crisis? Apparently, even the people who run his campaign agree that the economy is an issue John McCain doesn't understand as well as he should."
Has Fiorina lost her mind? Her implication that it's harder to run a major corporation like HP than it is the United States government is absurd, delusional, and, quite frankly, a tad narcissistic. She arrogantly claims that to run HP you need "a lifetime of experience," but cavalierly suggests that to be president all you really need is one and half years as Governor of Alaska and a few more in local Wasilla politics. Kooky-Carly believes it's harder to run a company with 150,000 employees than it is a freakin' country with 2.8-million on the payroll. And forget those pesky little decisions involving international diplomacy, the military, the national economy, health care, education and immigration. Who needs experience with that nonsense? Yes Carly, this, unlike the HP CEO role, is an office for which on-the-job-training is OK.
McCain, the self-proclaimed "I'm fucking clueless when it comes to the economy" guy, sure knows how to pick his economic advisors, huh? Just a few months after the immensely entertaining Phil "Mental Recession/Nation of Whiners" Gramm show, along comes Kooky-Carly and the Fiorina Follies to remind us just how clueless McCain really is. Is this really the sort of judgment that would make for a good president?
This week started off with Black Monday, where the stock market dropped over 500 points and investors lost $500-billion in equity. And this just wasn't one isolated day here. The market's been tanking for a while now, and economist after economist says we're either in recession or about to enter one...and a major one at that. But that didn't stop McCain from repeating his duplicitous and/or delusional mantra that "The fundamentals of the economy are strong." It's a phrase Grandpa John apparently loves, as he's said it about 22 times this year including:
11/27/07: "I think the fundamentals are strong"
1/10: "I think the fundamentals of this economy are strong"
1/17: "Our economic fundamentals are strong"
3/11: "The fundamentals of our economy are strong"
5/5: "The fundamentals of our economy are strong"
6/5: "The fundamentals of our economy are very strong"
McCain's insistence that the economy is strong should be the nail in his political coffin for anyone still doubting just how out-of-touch he is with the financial anxieties of average Americans, let alone his grasp of the dire straits the nation is in.
Since George Bush took office in 2000, the "fundamentals of the economy" are horrendous:
-Unemployment 6.1% vs 4.2%
-Budget deficit of $357-billion vs $281-billion budget surplus
-National debt at $9.7-trillion vs $5.8-trillion
-Gas $4/gallon vs $1.27
-Inflation at 5.37% from 2.74%
-Real Wages down 2%
-Consumer Confidence Index .57 vs historical high of 145
Add to this grim picture the crisis over 400,000 U.S. home foreclosures, a mortgage meltdown, and multiple Wall Street bankruptcies. Seriously, I'd like a bowl of some of that crack McCain's been smoking if he truly thinks the "fundamentals are strong."
It didn't take long for McCrusty to realize what a colossal mistake he made and, in a back-peddle that would make a circus clown proud, he did his disingenuous best to spin a great tale, like this one to an incredulous Matt Lauer of NBC, who challenged him on his overly optimistic mantra:
"Well it's obviously true that the workers of America are the fundamentals of our economy, and our strength and our future, and I believe in the American worker and someone who disagrees with that is fine. We are in crisis...we all know that."
No, we don't all know that. McCain clearly doesn't, or he wouldn't be incessantly regurgitating his "strong fundamentals" nonsense.
By late afternoon all the snake-oil McCain surrogates were shamelessly spinning this new "American worker" defense. On MSNBC's Hardball with Chris Matthews, Mitt Romney, the once "CEO presidential candidate," who clearly knows better, tried his best -- albeit with his patented smirk -- to clarify McCain's econogibberish:
"What he's referring to of course is the underlying productivity of the American workforce...the innovative spirit of America..those things, of course, things that are they envy of the world...but right now our economy is in real trouble and a lot people are really suffering...the economy is really suffering, and that's what John McCain indicated." Nice try, Mittsy, but no one's buyin' it.
In fact, with the economic shitstorm we're facing right now, and McCain's crystal-clear lack of understanding of the severity of this crisis and how to deal with it effectively (sorry Grandpa, simply throwing more tax breaks at the wealthy ain't gonna do it this time), anyone who votes for him must be smokin' some of that McCrack.
Of course both are far less difficult than writing a blog.
The fact that Gramm is now McCain's financial advisor should be shouted from the rooftops repeatedly. Open your windows and scream it out, like Peter Finch.
Think relay , Everyone's watched a relay at one time maybe in school or at the university.
The Baton is clutched in hand at the start , and after the sprint run , who is choosen to recieve the
pass of the Baton to post a win for the crowd ?
The military squad knows it takes a team to win. We need a winner .
Then, unhappy Andy ranted on about McCain's 'fundamentals' quotes. I think Andy would have a point if the "22 times this year" McCain ACTUALLY said "The economy IS strong", right? And then he's labeled a 'flip-flop' when he is asked to explain what fundamentals mean.. huh? The very basic FUNDAMENTALS that are carried out all over the US by responsible, hourly wage people that work hard and don't expect something for nothing from the government, is a STRONG FUNDAMENTAL. It's the top end where greed fuels corruption and then at the very bottom where people EXPECT the government to do it all for them that we have problems. What if he said, "The fundamentals of our economy are strong, but we are seeing some tough times right now."
Where is the, Oil is BELOW $100 a barrel headlines? Or that even though oil spiked well above $150 this year, it is still at or less than what it was at the beginning of year per barrel? What will it say about the economy in a month or two when gas is $3 or less a gallon again? I know that still won't be good enough for most of you.
And no matter how you try and spin it, the fundamentals of this economy, as noted by EVERY economist in the frikkin world, are based on wages, jobs, etc.
Everything else is just neocon spin.
Just look at the women in Congress in the USofA. Just look at their "leader" Nancy Pelosi?! The Republicans are still "getting it done" because the Dem leadership refuses to stand up to them! From votes on the Iraq war to FISA to "offshore drilling", the Right has trumped the Left repeatedly, ad nauseum and ad infinitum!!!
Fiorina had the courage to take on the HP Board and push through the Compaq merger. She even took on the Hewlitt and Packard families for crying out loud! She wasn't a "nobody" or some "blowhorn" who was elected or selected, she rose from the ranks and got into that position by sheer dint of hard work and business acumen
Women like her should be applauded for their achievements and lauded for being straight shooters ...
The failed policies that Fiorina brought to HP offered up as an analogy for what McCain would do for the economy would have been brutal.
Hey, still could work, dems. Do it up! She is one of his top advisors, and for the most part, a really effective surrogate.
You also pounce on the fact that she says McCain and Palin couldn't run a corporation, but you fail to mention that she also says Obama nor Biden could do it.
Come on, let's get a grip here, and leave the mudslinging and out-of-context quoting to the GOP.
-Unemployment 6.1% vs 4.2%
-Budget deficit of $357-billion vs $281-billion budget surplus
-National debt at $9.7-trillion vs $5.8-trillion
-Gas $4/gallon vs $1.27
-Inflation at 5.37% from 2.74%
-Real Wages down 2%
-Consumer Confidence Index .57 vs historical high of 145 "
Yup, and THAT'S why the recession of 2000 NEVER ENDED!
Hang on, folks, this is just a long time coming, and its gonna get worse!
I also want to address a flaw in the article related to McCain's "fundamentals" statement. I actually he's wrong, but the argument in the article is just as flawed. If you think that the price of gas or the unemployment rate equals a bad economy, you're just as out-of-touch (with the economy, at least) as you claim John McCain is. In point of fact, these are only symptoms. Taken together they may suggest that the economy is "bad" but none of them ARE a bad economy.
I'm no economist, but I daresay our economy is "broken" because it's not based on anything real. Our economy is based entirely on credit. The system itself encourages greed and abuse -- and not just so-called "corporate greed," though there's plenty of that behind the Mortgage Meltdown. It's also the greed of the individual American who, when offered more credit than he could possibly ever service, takes it and spends the next several years living beyond his means.
Banks have encouraged this behavior, and ultimately it's why they're failing. Until we fix this "fundamental" problem with the American economy, no stop-gap measure or bail out, no tax plan or reform, is going to solve the problem.