Over the last four days, the United States has lost over 1 Trillion dollars in failed banks and businesses. On Monday, the stock market had the largest one day loss since the attacks on New York and Washington D.C. On that day, John McCain made the following comments at a political rally:
"You know," said McCain, "there's been tremendous turmoil in our financial markets and Wall Street and it is -- people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult time. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government."
Later that day, the Democratic candidate for Vice President, Joe Biden, took his shot:
"John McCain has confessed, and I quote - I want to make sure I get it right - he said, it's easy for me to be in Washington and frankly be somewhat divorced from the day-to-day challenges people have. Well, he's right. He's right. If all you do is walk the halls of power, all you'll hear is the wants of the powerful. Ladies and gentleman, I believe that's why John McCain could say with a straight face as recently as this morning, and this is a quote, the fundamentals of the economy are strong. That's what John said. He says that we've made great progress economically, in the Bush years. Ladies and gentlemen, I could walk from here to Lansing, and I wouldn't run into a single person who thought our economy was doing well, unless I ran into John McCain."
Former Clinton campaign manager James Carville made an observation on Wednesday. He said that Monday, September the 15th will be looked back upon as the day that John McCain lost the presidency.
What price do you think McCain will pay because of these comments?
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16 comments:
I honestly think that Jonh McCain will lose the presidency because of the comments he made. If he thinks that our economy is strong and doing ok then he is blind. We need someone in there that see's our problems and wants to fix them. I also think that McCain will follow in Bush's footsteps and not change anything at all.
I believe that John McCain will lose many people because of his comments. Although there are many fabrications told by the canadits running for president, this was one lie that caould not even be believed by the most nieve people on earth. Everyont knows that America is not in a good point right now. However, I do believ that he will still have quite a few people agree with him for reasons that i don't understand. For example recently a woman came into my mothers salon and said that she and her husband did not understand why everyone believed that Bush has done so many things wrong. I don't know how many people truly do think like this, but if there are more McCain will still have people supporting him. Also, some people will just stick to the republican party no matter what the candidat may believe in or how incorrect their thoughts may be. I do not believe that McCain will do very well in the elections, but i do believe that some people will stil vote for him
To me in seems like in this election the "change" people are most concerned about is the economy. I think McCain will pay a high price for this statement because voters want a new economy and McCain thinks the fundamentals of the economy are strong.
Fundamentally sound? With the recent buyout of AIG by the feds I would have to say that our economy is definitely not as stable as it was 8 years ago. I think that McCain's comments will anger a lot of people because our economy has clearly regressed as evidenced by the mortgage crisis and the rescue of mortgage giants Fannie Mae and Freddie Mac. With this recent development in the buyout of AIG, millions more people will be affected by the sharp drop of stock prices. Those who put their retirement, insurance, etc. into AIG will suffer. These developments clearly show the state of our economy is anything but fundamentally sound.
Irregardless of whether or not this will affect Mcain's chances of winning, I don't think he necessarily meant to say our economy is strong as much as he meant to say the idea of our economy is strong. He said the "fundamentals", obviusly referring to the idea of a free market syetem over the sytem in practice and with that sytem of economy there is always the risk of recession and loss, due to the fact that the market is in cotrol, not the government. I think he meant the basic idea of our economy is good, not the current circumstance it's in. It might affect his candidacy in a negative way, but the other side always has a way of turning words around.
I think John McCain will lose because he seems to be so out of touch with troubles that plague everyday people. The economy is not strong,the national debt keeps rising as does unemployment and so many other things. Many people work more than 1 job just to survive. This is a man who has 7 houses and lots of personal wealth. I think the American people will be angry at his remarks and not vote for him.
John McCain will have serious set backs because of this comment. The democrats are not going to let him forget it. Each time he does something positive, this instance can be brought up again and his good points vanish again.
I am disspaointed with McCain because of these comments he has made. I think the price he's going to pay for these remarks will be very high especially among the devoted democrats, as proven by Joe Biden. He's left himself vulnerable and open for attack. Commited republicans may just turn thier head and pretend this didn't happen, but there's no denying he said it and there's no turning back now.
John Mccain later refined his statement saying that by "fundementals of our economy" he meant the working people of America, who are strong and diligent. I thought this attempt to correct himself is pathetic, no person with common sense would actually believe he was talking about the people of America when referring to the fundamentals of the economy. John Mccain has constantly vacillated his position and talked circles around the American people. In the past John Mccain stated that anyone who wants more Government intervention in the economy obviously doesn't understand the economy, then he came on this past week declaring that the government must get involved. If John Mccain can't keep a solid position on the economy then he is merely saying what the American people want to hear, words without any sincerity behind them.
While I believe this comment might hurt John McCain's credibility to some people, I think that what he said has been vastly misinterpreted and twisted purely for political gain. I believe that he meant that while our economy is struggling, our economy is still fundamentally strong and should be able to recover from the crisis it is currently facing. I also believe that more than actually being concerned about the economy, Joe Biden made his comments as propaganda using the diversionary tactics of attacking the opponent that most political candidates on both sides are using to draw attention away from their own policy flaws.
The price that McCain might pay for these comments is most likely the presidency. I don't understand how McCain can believe that the fundamentals of our economy are still strong after the U.S. has lost over one trillon dollars in four days in failed banks and businesses. This recent situation in the stock market clearly shows that our economy's fundamentals must be altered if we wish to posses a stronger economy. We need a more reliable and efficient economy that will reduce our unemployment rate and that won't put us in more national debt. If McCain doesn't plan to provide us with an economy like this then it is almost evident that he will loose the presidency.
I think that McCain will really pay for these comments. He says that our economy is doing good and he should realize that we need to change and we have alot of problems that we need to fix. Everybody wants a new economy and he says that ours is fine.
I believe this comment could cost McCain the election. Seriously, sticking with the "I want change" card and believing the fundamentals of our economy are "strong" isn't working. Especially with the mortgage companies, Freddie and Fannie, the Bush Administration's bailout plan of .5 trillion dollars is not a sign of a fundamentally strong economy.
I think McCain is completely blind to think that, "... the fundamentals of our economy are strong." We need a president that will strengthen the weakness of our economy. Someone who listens to the needs of others.
I think that McCain will lose the presidency to Obama.
I think that McCain will suffer for his comments, but not because they're not true. He will suffer because all the major news channels are repreasenting the republicans in a negative light or not covering them at all.
What McCain ment was that are economic idea is strong, but the medai is twisting it to look like he thinks that are economy as a whole is strong.
John McCain will seriously regret that comment. Our economy is "fundamentally sound"? Give me a break. He's in denial and voters see that. They aren't going to vote for someone who ignores obvious and serious problems. Voters are going to think that McCain is another Bush and they aren't going to trust him to lead our country.
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