In The Aftermath of Bank Failures, Buyouts, Bailouts,
McCain Out of Touch with
“The fundamentals of John McCain’s economy might be strong, but here in
McCain has said that “the fundamentals of our economy are strong” at least 16 times over the past year and a half, even as Americans have struggled with decreasing incomes, mounting job losses, and rising costs. Meanwhile, top economic advisor Phil Gramm called Americans “a nation of whiners” and just this weekend McCain advisor Donald Luskin wrote in the Washington Post that “Things today just aren’t that bad,” and that Americans “have surely become a nation of exaggerators.”
National unemployment is at a five year high, gas prices have soared in the last eight years, home values are plummeting, and the median income has dropped since Bush took office, according to a July report from the Democratic Policy Committee. John McCain’s answer is to do more of the same, with a plan to give away nearly $2 trillion in tax breaks for corporations over the next 10 years but provide no tax relief to 101 million families or to any small businesses. In fact, he’ll raise taxes by $3.6 trillion on health insurance for average Americans. And while Americans can barely afford a tank of gas, he’ll give billions in tax breaks to Big Oil.
“Having voted with George Bush 90 percent of the time,
Yesterday, the DPW released a new DNC web video, “Fundamentally Strong?” which captures 10 instances of McCain’s repeated insistence that “the fundamentals of the economy are strong” and the disturbingly out-of-touch remarks of his top economic advisors.
To see the new web ad, “Fundamentally Wrong,” click HERE.
MCCAIN: “So our fundamentals, I still believe, are very strong.” [Town
Hall, Round Rock, TX, 2/29/08]
MCCAIN: “But the underpinnings of our economy are strong.” [Rally,
MCCAIN: “But the fundamentals of
MCCAIN: “I believe the fundamentals of our economy are still strong.”
MCCAIN: “The fundamental principles, the foundation of our economy, is
MCCAIN: “The fundamentals of our economy are strong.” [Speech and
MCCAIN: “Our economy, I think, still, the fundamentals of our economy
are strong.” [Rally,
MCCAIN: “The fundamentals of it are strong.” [Rally,
MCCAIN: “I still believe that the fundamentals of our economy are
strong.” [Laura Ingraham Show, 8/20/08]
TEXT: “Things today just aren’t that bad.” “When it comes to the
economy, we have surely become a nation of exaggerators.” McCain Advisor
Donald Luskin, September 14, 2008.
GRAMM: “We’ve surely become a nation of whiners.” [Interview with