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Published:September 17th, 2008 09:33 EST
John McCain: Fundamentals Of The Economy Are Strong

John McCain: Fundamentals Of The Economy Are Strong

By Robert Paul Reyes

Sen. John McCain lives in the lap of luxury, he can`t even remember how many mansions he owns. McCain`s vast wealth insulates him from feeling the effects of an economy gone south.

McCain famously admitted he knows little about the economy, and everytime he pontificates on the subject he lends credence to his confession.

"`The economy is fundamentally strong.` -- President Herbert Hoover, after the stock market plummets in 1929.

`The fundamentals of the economy are strong.` -- John McCain, after the stock market plummets in 2008

`What I meant was...um...the American workers! The fundamentals are the American workers! And they`re the best workers in the world!` -- John McCain, after his campaign handed him some note cards. (I`m not kidding)"

Michael Seitzman/Huffington Post

When the average American sees huge banks going bankrupt, and Wall Street go bust, he knows that there is something fundamentally wrong with the economy. You don`t have to be a rocket scientist or an economist to know that the economy is in dire straits.

McCain reminds me of Baghdad Bob, the Information Minister of Iraq during the 2003 American invasion of Iraq.

"al-Sahhaf (Baghdad Bob) claimed that there were no American troops in Baghdad, and that the Americans were committing suicide by the hundreds at the city`s gates. At that time, American tanks were patrolling the streets only a few hundred yards from the location where the press conference was held."

Wikipedia

The stock market loses over 500 points in one day, the unemployment rate reaches 6.1, millions of Americans are in foreclosure and Oblivious John declares that "the fundamentals of the economy are strong."

McCain`s ridiculous statement about the economy wasn`t a slip of the tongue, he has repeated this phrase dozens of times in his stump speeches. McCain must think that if he endlessly repeats an absurd statement, that the American people will be hoodwinked.

Sarah Palin is qualified to be vice-president. Sarah Palin is qualified to be vice-president. Sarah Palin is...

I am not running the sleaziest campaign in recent political history. I am not running the sleaziest campaign in recent political history...

The fundamentals of the economy are strong. The fundamentals of the economy are strong...

McCain`s explanation that the "fundamentals of the economy" are the American workers is patently absurd. American workers are the most productive in the world, but that`s besides the point. These are the fundamentals of the economy: The national deficit, the federal budget, the unemployment rate, the housing market and the stock market. And all these economic indicators paint a very bleak picture of our economy.

In November when you are in the voting booth, remember McCain`s immortal words, "the fundamentals of the economy are strong", before you cast your ballot.