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.
What a difference 6 months makes!
The economy is fundamentally sound despite the temporary "mess" it's in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate...
[T]hat optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC's "Meet the Press" if the fundamentals of the economy were sound, she replied: "Of course they are sound."
No, it wasn't Obama himself who made the latter statement, but it was one of his advisors--and I didn't hear the President rush out to state that he disagreed with her. And I dare say that the economy is in worse shape today than it was in September. I'm not saying the President's advisor is wrong; no, I point out how the President has flip-flopped--either that, or he was just saying something he didn't believe last September in order to score a few political points.
I marvel at the hypocrisy from this White House--and in only 2 months! As the old saying goes, though: there's plenty more where that came from. Unfortunately.