'The Fundamentals of Our Economy Are Strong.'


John McCain makes another one of those verbal oopsies (see a previous noteworthy soundbite) and Team Obama wastes no time whipping an ad around it. Bonus points for mentioning the Lehman Brothers collapse. Way to be timely!

Feels like dirty press to me. Our economy's shit, but it's not a lost cause, and I think that's what McCain wanted to highlight. You cannot save a lost cause.

Still, a fellow blogger points out, "running the economy from a defensive mindset like that is different than having a vibrant economy." McCain's a defense guy for sure -- and defense usually implies lack of leverage. You're trying to protect what's left, not win new ground.

Even so, are we all in agreement that a vibrant economy can be manufactured with Extra-Strength Hope Serum?

by Angela Natividad    Sep-16-08   Click to Comment   
Topic: Brands, Campaigns, Commercials, Online, Political   

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What are the fundamentals of this economy?
They may sound or drowning for all I know, but what are they?
Money supply? Employment? Unemployment claims?
Prime interest rate? Mortgage interest rates, both variable and fixed? Consumer Price Index? Dow Jones Industrial average? S&P 500? The price of wheat, corn, oil, sugar, pork bellies, beef jowls, cotton?
Gross Domestic Product?
This last is interesting as it fulfills the definition of a recession: Two consecutive quarters of negative growth in GDP. So far, we haven't had one consecutive quarter.
When FDR said we had nothing to fear but fear itself, he was exaggerating as unemployment hit 25%, drought was overwhelming the farmland, and banks took a holiday so that depositors wouldn't pick them clean.

Posted by: Ricardo on September 17, 2008 11:58 AM

Anyone can make their opponent say anything with a good editing system. And for those of us in flyover country who didn't buy houses that we couldnt afford or with the intention to flip, who arent big shareholders, who live within our means and who dont drive irresponsible gas-guzzling SUVs, the economy isnt that bad. But oh how the media would like us to think it is. And I am peeved that I have to pay for all those Wall Street idiots who took massive paychecks but who now are crying Boo-hoo.

Posted by: Tired of Media Hysteria on September 17, 2008 2:26 PM

Let he who has not sinned! Even Karl Rove has complained about the lies in McCain's attack ads on Obama.

Posted by: Bily on September 17, 2008 3:17 PM

Yes, I'm ready for a dose of HOPE in whatever form it takes. I don't think, however, that McBush offers anything but the sameold.

Posted by: md.evans on September 17, 2008 5:42 PM

After 8 years of another "trickle-down economics" Republican administration, our society has come closer to what we see in South and Central America (minority of very rich vs majority of very poor). My company's niche is catering to the ultra wealthy, and business has never been better.

Posted by: closets on September 21, 2008 3:43 PM