September 15, 2008

John McCain: 'Our Economy is Fundamentally Sound'

Dow Jones dropped over 500 points. Lehman Brothers, the 4th largest investment bank in the country, goes bankrupt. Merrill Lynch sells out. Gas prices in my town exploded over $4 per gallon today.

What does John McCain have to say on this remarkably horrible economic day? "Our economy, I think still—the fundamentals of our economy are strong." —John McCain, speaking on the morning of September 15

Villagers, I think that you should simply ask yourself a simple question. Are you better off today than you were 7 years ago when the Republicans took over Washington DC?

Then: Overall debt was $5.7 trillion.
Now: The National Debt is $9.5 Trillion!

Then: - A gallon of gas cost $1.56
Now: - A gallon of gas costs over $4.00

Then: - Federal budget surplus over $200 billion
Now: - FY-2008 federal deficit over $407 billion

Then: - Unemployment was 3.4%
Now: - Unemployment hits 5-year high, 6.1%

John McCain thinks that these economic numbers are fundamentally sound. Is it just me ... or is John McCain truly out of touch with the rest when it comes to the economy? Also, do you have any other examples of 'Then vs. Now' that come to your mind as you think about it?


SjP said...

And I'd like to ask Lt. Dan if he's an idiot or does he just play one on the campaign trail or if his jet just landed on Fantasy Island!

Villager said...

Sojourner - I just read your 'Fantasy Island' post. It was outstanding!

MacDaddy said...

The guy has lost it. No reasoned analysis. No real prescription for relief, short term or long term other than a promise that he and Palin are going to fix things. How can we trust that when his economic advisor-- Phil Gramm-- was one of the guys in Washington working with Reagan to de-regulate the financial markets?

This lack of serious regulation is what allowed the banks, speculators and mortgage companies to go buck wild lending money to anybody.

Villager said...

MacDaddy - We can't trust a candidate or his party to fix our economy when they don't even acknowledge that it is broken. Phil Gramm called us a 'nation of whiners' and insisted that the economy was only in a 'mental recession' ... and Phil Gramm would be McCain's Secretary of Treasury. McCain appears to have disqualified himself with his lack of economic knowledge...

Torrance Stephens - All-Mi-T said...

like i said b4, Its not rocket science, all Obama has to do is show how Mccain is not the Common man, especially if he can connect his historical economic views to the failing housing market. Palin and waffles and lipstick
is a distraction because McCain has little substance

Damn Christopher cox, MBSs and the desire to make 19 investment houses more important than me, the common man

Baba Doodlius said...

"Then: - A gallon of gas cost $1.56
Now: - A gallon of gas costs over $4.00"

Well DUH - the heart of the oil industry is *running the country*! It only makes sense that oil companies are making record profits on the backs of the public, right?