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Even Fox Says McCain Befuddled on Economy
John McCain is so out of touch with the reality of America's economic woes that even Fox Business, the business news arm of Fox News, is skeptical of his claims.
Today, new economic indicators revealed the jobless claims reached a 22 year high, and that the American economy has lost jobs every month this year. It was the latest in a string of reports showing that too many Americans are losing their jobs, paying more for basic goods and services, earning less and struggling to keep their homes. Yet, in the face of months of worsening economic indicators, John McCain continues to echo President Bush's claim that the fundamentals of the American economy are strong in just about every public event. As recently as April, McCain even claimed that the American people are better off than they were eight years ago.
As McCain saif less than two months ago:
"I think if you look at the overall record and millions of jobs have been created, et cetera, et cetera, you could make an argument that there's been great progress economically over that period of time. But that's no comfort. That's no comfort to families now that are facing these tremendous economic challenges. But let me just add, Peter, the fundamentals of America's economy are strong. We're the greatest exporter, the greatest importer, the greatest innovator, the greatest producer, still the greatest economic engine in the world. And, by the way, exports and free trade are a key element in economic recovery."http://www.foxbusiness.com/story/democratic-national-committee---john-mccain-fundamentally-wrong-economy/
Isn't it nice to know that John McCain can assess our economy with the same clear vision that he used while dodging North Vietnamese SAMs? In both cases, he failed to recognize the potential for a tailspin until it was too late.
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Comments (4)
Just copy and paste the link. Sorry, forgot to format.
June 7, 2008 10:52 PM | Reply | Permalink
Strike this post. I'm embarrassed that I misread this as Fox Business's piece. Instead, I have quoted the text of a release from the Democratic National Committee posted at Fox Business.
Sorry. And yes, I'm already kicking my own ass, thank you.
June 7, 2008 10:57 PM | Reply | Permalink
YOur fault for reading fox.
June 7, 2008 11:15 PM | Reply | Permalink
Time to move on.
June 8, 2008 12:26 AM | Reply | Permalink
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