The Fundamentals of the Economy are Strong
Last year, Senator and presidential candidate John McCain used the phrase "The fundamentals of the economy are strong, but these are very, very difficult times, I promise you, we will never put America in this position again. We will clean up Wall Street." He was mocked and attacked for this comment as a "denier" of the state of the economy when he clearly expressed that we are in trouble. He was being an optimist by saying that our economy is a strong one and it will recover--something President Franklin D. Roosevelt would have applauded.
In other words, John McCain was acting as a leader when he said those words. He was acknowledging the recession and reassuring the market and the people that he will fix it and that the economy is strong enough to recover.
President Obama, mocked him for this in the presidential race and is now telling everyone how terrible the economy is.
Anyone who has taken an economics class knows that the market is very psychological. A leader's job is to restore confidence in the market. This is why President Roosevelt had fireside chats on the radio (sorry Joe Biden), to restore the people's faith in the country and the market. It didn't fix the problem, but it did help. In fact, if FDR had said the things that Obama has said, perhaps the US would have been in a worse position.
It's incredible how there are those out there who think Obama is doing a good job when every time he speaks the market plummets in response to his incompetence.
The fundamentals of our economy ARE strong, and I hope that we will recover with or without Obama's help. However, I fear that if his advisers don't stop him, he may delay our recovery process.
I sure hope the Obama team realizes that promoting fear and panic in such a volatile market is not the answer.
I know, I was surprised when people started bashing him for it. He was saying the best answer possible. I guess marketing is more important than CONTEXT!
Obama is such a douche, he probably thinks he can recover the economy when election time is close again rofl. Although I'd think that would piss off Pelosi.
"President Obama, mocked him for this in the presidential race and is now telling everyone how terrible the economy is."
I would like you to point out where Obama mocked him. I don't remember Obama mocking him on the basis on the economy, only because since neither of them had a straight viable solution other than the default language of tax cuts and cutting deficits, none of them clearly fought each other on the issue.
I feel that McCain had a better shot if he kept up with the battery system plan for alternative energy ( which many people overlook; intermittent systems in some cases cost because unused energy isn't stored and then it is wasted ).
At the same time, don't put up the sentence unless you got proof to back it up. Gossip and humbug statements don't help anyone at this point.
As for the other commenters; stop being anonymous. Put your views in public. America can't be helped with secret retorts. We need people stepping up with answers.
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