3/15/09

"...our economy is still strong..."

September 15, 2008:

"Our economy I think, still, the fundamentals of our economy are strong, but these are very, very difficult times."

John McCain Monday insisted US economic "fundamentals" were strong despite a banking crisis and Wall Street meltdown, prompting a scathing rebuke from his White House foe Barack Obama.

"Senator McCain, what economy are you talking about?" Democratic candidate Obama said after the Lehman Brothers bankruptcy sent fear across the globe and spooked investors, wiping 500 points off the Dow Jones Industrial Average.


Today, we have this:

Obama Adviser Says Economy Fundamentals Are 'Sound,' Despite Campaign Rhetoric

President Obama mocked his Republican opponent, Sen. John McCain, for declaring, 'The fundamentals of our economy are strong,' during the campaign. Now a key adviser seems to agree with McCain.


Here is the corker:

During the fall campaign, Obama mercilessly mocked his Republican opponent, Sen. John McCain, for declaring, "The fundamentals of our economy are strong." Obama's team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.

On Sunday, economic adviser Christina Romer was asked during an appearance on NBC's "Meet the Press" if the fundamentals of the economy were sound. "Of course they are sound," she replied.

"The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology," she said. "We know that -- that temporarily we're in a mess, right? We've seen huge job loss, we've seen very large falls in GDP. So certainly in the short run we're in a -- in a bad situation."

That is precisely what John McCain said, and Obama - yes, President Barak H. Obama, that man in the White House - ridiculed him for saying it.

Obama has seemingly changed his tune. He has cancelled the 'catastrophe'.

The man is a charlatan, using a crisis to push through his spending "plan". He has played a vicious joke on the American people. There is no "plan"; it is just a pile of money with which the Democrats can pander to their special interests. If there were a "plan", our current Eunuch of the Treasury, Timmy Geithner, wouldn't be the laughingstock that he is, and we out here in flyover country might actually have some idea of what is going on. But we don't, because Obama doesn't, and Geithner and his henchmen certainly don't.

Obama uses a "Strategy of perpetual crisis". Here is a good explanation of how that works:

Strategy of Perpetual Crisis

Obama and Emanuel are really no more than cheap Chikaga ward bosses, in over their heads, taking the Peter Principle to new heights.

You and I are paying the price for it.

It gives me a tingle, but not up my leg.