Every time she opens her mouth she looks dumber and dumber:
Republican vice presidential nominee Sarah Palin said Wednesday that Democrats were out of bounds for criticizing John McCain when he said the fundamentals of the economy are strong.
In an interview with Fox News Channel, Palin said: "It was an unfair attack on the verbiage that Sen. McCain chose to use because the fundamentals, as he was having to explain afterwards, he means our work force, he means the ingenuity of the American people. And of course, that is strong and that is the foundation of our economy."
If he meant our work force he would have said our work force -- and if he meant American integrity, he would have said so.
But what John McCain said was this:
"Our economy I think, still, the fundamentals of our economy are strong, but these are very, very difficult times."
And when the nation laughed at him, he lied about what he was saying, and today he sent our Sarah Palin to lie about what he said as well.
Remember that the context of McCain's remarks was the Wall Street tumble that took place Monday...:
McCain rival Barack Obama and his fellow Democrats have been hammering McCain for maintaining his oft-stated position on Monday that "the fundamentals of our economy are strong" even as Wall Street spiraled downward. By that afternoon, with the markets falling amid other bad financial news, McCain was using a more dire tone. He now is calling the financial woes "one of the most severe crises in modern times."
...and "fundamentals" have a very specific meaning with respect to the financial health of a an economy, and of a corporation, business sector, etc.
Some of the indicators commonly used to assess company fundamentals include: cash flow; return on assets; conservative gearing; history of profit retention for funding future growth; and soundness of capital management for the maximizing of shareholder earnings and returns.
Now you'll have to excuse us if, having heard McCain declare that "fundamentals of our economy are strong", we thought that McCain was actually uhm.. talking about... you know, the fundamentals of the economy.
We should have known that this self-proclaimed economic know-nothing wasn't really talking about the economy, but was talking about other things instead.... and now we have Sarah Palin suggesting that she too has not got a clue about what the term "economic fundamentals" really means. Either that, or she's just lying, again.
Which brings to mind another difference between this particular hockey mom and a pig -- the pig doesn't lie nearly as much as Sarah Palin does....
Update: A New York Times September 16 editorial rips McCain a new one for his dishonesty over the "economic fundamentals" gaffe and subsequent lies...
John McCain spent Monday claiming as he had countless times before -- that the economy was fundamentally sound. Had he missed the collapse of Lehman Brothers or the sale of Merrill Lynch, which were announced the day before? Did he not notice the agonies of the American International Group? Was he unaware of the impending layoffs of tens of thousands of Wall Street employees on top of the growing numbers of unemployed workers throughout the United States?
On Tuesday, he clarified his remarks. The clarification was far more worrisome than his initial comments.
He said that by calling the economy fundamentally sound, what he really meant was that American workers are the best in the world. In the best Karl Rovian fashion, he implied that if you dispute his statement about the economy's firm foundation, you are, in effect, insulting American workers. "I believe in American workers, and someone who disagrees with that -- it's fine," he told NBC's Matt Lauer.
Let's get a few things straight. First, no one who is currently running for president does not "believe in American workers."
More to the point, the economy is stressed to the breaking point by fundamental problems -- in housing, finance, credit, employment, health care and the federal budget -- that have been at best neglected, at worst exacerbated during the Bush years. And as a result, American workers have taken a beating.
In clarifying his comments, Mr. McCain lavished praise on workers, but ignored their problems. That is the real insult.
Spot on correct. McCain has completely lost sight of the American people, and is teetering between one extreme lie to another as he desperately attempts to trick and lie his way into the White House.
John McCain hasn't a clue on the economic fundamentals of this nation.
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