McCain on Today’s Economic Events: “The Fundamentals of Our Economy Are Strong”

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Via Steve Benen, John McCain’s take on today’s financial insanity:

Here’s the text version of that quote:

“You know that there’s been tremendous turmoil in our financial markets and Wall St. And it is — people are frightened by these events. Our economy, I think still — the fundamentals of our economy are strong. But these are very, very difficult times.”

The Obama campaign, which has started a new push to brand McCain as “out of touch,” will almost certainly seize on the line, “the fundamentals of our economy are strong.”

Other folks who think the fundamentals of the economy is still strong include Sean Hannity, who yelled at a guest who was pessimistic about the economy and read a ream of statistics that he claimed proved the country’s financials are in tip-top shape, and Donald Luskin, who took to the Post just this weekend to write an essay titled, “Quit Doling Out That Bad-Economy Line.”

An awful lot of egg is going to find an awful lot of faces this week.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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