Wed, Sep 17, 2008 8:36pm ET

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ABC reported McCain's comment that "economy is broken," but not previous day's comment that "fundamentals of our economy are strong"

Summary: ABC's David Wright aired a quote of Sen. John McCain saying during a September 16 speech that "[o]ur economy is broken." But Wright did not note that the previous day -- and many times before that -- McCain made a remark that was flatly inconsistent with that comment, saying that "the fundamentals of our economy are strong."
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Posted by snoopy

Well, ol' jukebox john was for the economy before he was against it.

Must suck knowing he voted for phil grahams' legislation that was directly responsible for what happened this week...

Posted by BlagoBoy in reply to snoopy

You emean to say the mismanagement of Fannie and Freddie by Obama campaign guys Franklin Raines and Joe Johnson had nothing to do with it?  Which U.S. Senator got the third most in campaign cash from Fannie Mae?  That wouldn't be Barack Obama would it?

Posted by roundhouse in reply to BlagoBoy

It's true, both camps have advisors on staff that helped orchestrate this Wall St. meltdown.

However, have you got anything besides incessant attacks? Got any optimism or real solutions?

Whatcha got?

Posted by snoopy in reply to BlagoBoy

And who got the most from Merrill Lynche? Wouldn't be McCain, would it?

But really, what does that have to do with voting for de-regulation? McCain did, Obama didn't. Guess one guy's lobbyists were much more successful than the other's, eh no-ideas-left?

Posted by onionhead in reply to snoopy

Fundamentals of our economy are "the workers"???

That pinko! Why doesn't he just go back to Russia where he belongs? Every good Ayn Rand-blooded Republican knows that "the workers" are just resources or tools to be exploited and put away when no longer of any use to the bottom line.

Posted by IRONY 101 in reply to onionhead

Fundamentals of our economy are "the workers"???

Yea, is that why John McCain has repeatedly voted against an increase in the minimum wage?

Posted by ruleofthree336771 in reply to onionhead

Um...I hope you're being sarcastic. That's not Rand's philosophy at all. It's about fair trade. An employer living in the objectivist lifestyle would pay an employee what he determines to be a fair value for his effort, and an employee would only take a job for which he feels he is getting a fair value for his time and skills. If either party feels he is getting a bum deal, he has the right to go deal with someone else. Those not living in the objectivist lifestyle—the "looters"—corrupt politicians and the big corporations that get in bed with them are the ones that trample the workers for their advantage and personal gain. And as far as I can tell, that's both Obama AND McCain. Both of them have entirely too many improper relationships with special interests groups for men who are "in the public service". Unfortunately, that's an unavoidable side-effect of the bastardized form of government we are now existing under—you can't even get into the presidential debates without selling your soul to some corporate goon for campaign contributions (unless, of course, you're independently wealthy and can finance your own campaign). We have a crumbling economy, a huge national deficit, a war that will cause incalculable social damage for many centuries to come (and which we can't even pay for—it's being run on LOANS), and all we're hearing from these two corporate-owned clowns and the media that "reports" on them is 30-second soundbites about lipstick on pigs. This whole election is just a big circus side-show to divert your attention from the REAL problems we're facing. Don't give your vote to the looters in November. Personally, I plan to send in a write in ballot for Dr. Ron Paul. He's the only person who will TRULY cut government spending, reduce the national defecit, get us out of the quagmire that is the Iraq War, and give us back our personal freedoms. RESTORE THE REPUBLIC!

 

Posted by djasper2761

 It is really dark outside and the sun is shining very brite. The price of gas is so high but, very inexpensive. McC can't use a computer due to war injuries. I can't use my computer either. I am busy on the key board.

 

Any body buying McC's brand new shiney BS?

Posted by eweston8542983

Chances of effective action on the economy by McMuckluc and Pain, zip point nil.

Posted by my4cents1172

growing up in South India in 1980s, I used to be frustrated that one of all the political parties that promised free everything would win the elections. I knew most political parties were lying but were doing it because there was no other way to get to the rural, uneducated voters.

Eventually there would be the election day and whoever could GOTV, get them drunk, give them money would win but this is beyond the point.

Here I am in the US (as a citizen) in 2008 and I see similar theme recurring. Whichever candidate can dupe the citizen into voting for them will win, regardless of facts.

McCain can be all anti-regulation as he wants his entire congressional life, but if he keeps repeating that he is all for regulation the next month or so, people (hurt by his record) will forget what his votes wrought on them and vote for him because he is a Republican, was a POW, has a Taliban VP candidate (you can put lipstick on a fundamentalist, he/she still is a taliban, his opponent is black, his opponent is not main stream America, whatever.

The day after they vote for him, they will participate in polls and say they disapprove of him. 

Posted by annes10 in reply to my4cents1172

Hey 4 cents! great post! I've seen you posting here before but didn't know you were Indian. WELCOME TEN TIMES OVER and keep posting Indian common sense. Since you are now a citizen, our problems are yours and our crooked elections ... are also yours. Please keep posting, it's the American Way! And who knows? what will happen if Obama wins in a landslide, it is possible, and possibly probable. This is still the land of opportunity though we may be bankrupted financially for the moment.  

BTW what state in India are you from?

Posted by my4cents1172 in reply to annes10

" what will happen if Obama wins in a landslide, it is possible, and possibly probable"

A landslide is possible in an ideal world but not in this country. If ideas, qualifications won elections would Obama win Utah? Would McCain win Massachusetts? 

BTW, I grew up in AP (the rice bowl of South India).

Posted by roundhouse

What a crock, McCain.

Unless you plan on building support for unions and reconnecting productivity to prosperity, you're full of crap.

Posted by Col. Harlan Sanders in reply to roundhouse

The spin is desperate from the wingnuts as far as the economy (Thanks for the support, NoLeftHemisphere) Here are a few things I've heard in the past few days;

Rush Limbaugh: Lehman Brothers was run by a bunch of liberal democrats

Hugh Hewitt:Played tape of Fannie Mae head honcho talking to the Congressional Black Caucus, thanking them for their support. Hewitt admits that he doesn't know if Obama is connected with the CBC ("I think that's more of a house member thing."sez Hewitt), but the connection is clear; Legislative branch and black.

Hewitt demonstrates the traditional wingnut difficulty with cause & effect  by explaining that our current economic meltdown is due to Fannie Mae's failures.

Former beauty contest loser and current home sausage producer Sarah Palin: Jettisons GOP Sacrament of deregulation, and hops right on Grampy McCain's "We've always been for regulation" bandwagon, promising that they'll get those regulators back on the side of the American people.

My co-worker (not the usual Republican co-worker, another guy):Damn Democrats!

RightChange (a site I saw a tv ad for tonight, and just had to check out): Damn Democrats!

If you need a laugh, go to Rightchange, check out the "10 things you need to know about Obama's economic plan", then check the "citations". Har!

It would be funny if half of our fellow Americans surveyed weren't buying it. Step right up, suckers!

 

Posted by roundhouse in reply to Col. Harlan Sanders

I'm going to go out on a limb and say that rightchange is a small piece of the Chamber of Commerce's multi-million dollar attack campaign on Obama...err.. excuse me, the anti-business factions of our country.

Pishaw. These people are scared to death of the bold changes we will have to embrace to move us forward. They'd be content to continue the economic inequality producing policies of the right that have put us in this jam.

We have massive problems that will need to be solved in conjunction with effective government acting on behalf of the common good. One item will be to invest in our competitiveness by rebuilding our infrastructure. Put people to work building bridges and parks and start circulating money back into the economy from the bottom, not this trickle down bs. That will not work. Supply side had 30 years to deliver on its promise of broad prosperity and has failed.

It will cost money to pick us back up, though. Taxes are going to go up no matter who the next president is. Good news is that most people don't mind taxes if they get some benefit from paying them.

The question is who will put that money to work for the people and who will keep funneling it straight to the top?

Posted by Limit Corp. Ownership in reply to roundhouse

On a good day, he's Full O' Crap...

On a bad day, he's brimming with delusion, naked flip-flops, blind anger and encroaching senility. 

Posted by wolf kotenberg

Maybe mathews was correct in stating now that the economy is in shambles, the party that is in power under whose watch this happened, is running away from the republican identifier. I have also noticed those few republicans who do get it, are trying the " bipartisan " trick to spread the responsibility among the democrats and republicans. How nice of them !!

Posted by prudencerussell664

With the US Economy in a shamble and McStupid has to top it with his comment "THE FUNDAMENTAL OF OUR ECONOMY IS STRONG", I could not believe this man is running for the highest office in the land. He make us all look stupids in the eyes of the world and a laughing stock among my international friends.  I am not running for President of the USA but I know my Macro Economics (Fundamentals of Economic I) at least.  How would I expect him to know Micro-Economics if he could not even pass the Macro?

Since when are the " workers" became the fundamental of economic of any society in the world?  What an idiot.

Questions on fundamentals of Economics? WHAT, WHEN, AND FOR WHOM

 How can McStupid fix a broken economy when he could not even distinguish the fundamentals of the economy?

Again, he has to "coop" the words of Obama.....when Obama said  "I will fix the economy when I am President."

McStupid is an insult not only to my intelligence but for all the time and efforts I spent in school learning all these things.

Posted by mari2jj2970

I doubt if any McCain statments is more indicative of his being considered for the presidency than his claim that the economic fundamentals are sound.  Has he been living in a cave or something

Posted by right-winger

WHY DO YOU THANK PALIN DID HER FIRST INTERVIEW ON ABC. SHE SHOULD GO ON ALL THE NETWORKS BECAUSE THEY GIVE MCCAIN A FREE RIDE EVERYDAY. LOOK AT THE HOLLYWOOD FUNDRASIER THEY SHOW THE OBAMA EVENT WITH THE STARS COMING IN BIG CARS AND THEN THEY SAY OH BY THE WAY MCCAIN A ONE TOO AND SHOW A HOTEL. IF THEY SAY ANYTHING ABOUT HIS HOLLYWOOD FUNDRASIER, NOW LOOK AT CNN SAYING BIDEN IS WAFFING ON AIG WHEN THEY SAID NOTHING ABOUT MCCAIN SAYING ONE DAY HE WAS FOR THE AIG BAILOUT AND THEN THE NEXT DAY THE BAILOUT WAS WRONG.

Posted by DAWUSS

Herman Cain explained the fundamentals of the economy on Tuesday while filling in for the High Priest of the Church of the Painful Truth.

 

I have that segment saved to my PC. I don't know if I wanna' transcribe the whole thing though...

Posted by shaggles

McCain is so out of touch it's a joke.  Anyone who falls for his "I understand the average American" line is an idiot.

Posted by wolf kotenberg

Mccain and his advisors are flumoxed by the last few days. Owning many houses and not being aware of such, explains his blank stare at the camera. he can't possibly feel the pain. I am not McCain's friend , as he speaking style may indcate.