Like so many other issues on which he shares a position with George Bush -- GOP hopeful John McCain is just plain, flat-out "out of touch" on the economy. Today, McCain joined President Bush in declaring that our economic fundamentals are sound.
Aside from the lack of real meaning behind this trite statement, and I'll admit that it's only meant to provide some form of reassurance - it's the exact same reassurance that George Bush and the GOP have been giving Americans for the last 8-9 months, as the economy slowly and steadily sunk into a recession.
Have Americans fallen asleep, lulled into complacency from lullabies sung to them by John McCain and George Bush?
Democrat Rahm Emanuale is issuing a wake-up call...
John McCain keeps proving just how out of touch he really is. Last week, he said he was 'divorced from the day-to-day challenges people have.' Today, he said 'the fundamentals of our economy are strong.' All the while, unemployment is up, costs are rising, incomes are declining, and Alan Greenspan says we're in a once-in-a-century financial crisis. Only George Bush and John McCain can say the economy is strong and keep a straight face."
More on Greenspan's remarks:
The U.S. credit squeeze has brought on a "once-in-a-century" financial crisis that is likely to claim more big firms before it eases, former Federal Reserve chief Alan Greenspan said Sunday.
Greenspan told ABC's "This Week" that the situation "is in the process of outstripping anything I've seen, and it still is not resolved and it still has a way to go."
It's time for Americans to quit giving tax cuts for the rich while waiting for the trickle down to reach middle-America. Everyday Americans are losing their jobs and their houses, and the time for soothing lullabies from the party of the rich and the wealthy is over.
It's time for far-reaching innovative action. It's time to grow this economy right out of the recession, and it'll take Barack Obama to do it.
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