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:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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