war is peace

If Obama demonstrates some rapid and bold leadership on this issue - contrasted to McCains "its all good" approach - he will open up a lead and maintain it all the way to November.

It actually makes sense if you remember that "fundament" is often used to refer to the buttocks and/or anus. McCain is just admitting that Wall Street is run by big assholes.

I'll leave it as an exercise to the reader to figure out what a "fundamentalist" is.

It's honestly a case of being out of touch - he's just repeating talking points.

The way I put it is that current Republicanism/Conservatism is a checklist of to-dos. You cut taxes, deregulate, etc. The checklist rules over all - as opposed to taking actions to meet goals the goals and the actions are always the same.

This leads to being woefully (or intentionally) out of touch, as we witness here.

They need to show a loop of him saying that, next to the Lehman employees walking out with their lives in little brown boxes.

(Did anyone catch the two guys that got hot and heavy behind the cnn reporter this morning. They were showing the front door of Lehman live, when over the reporters shoulder, these two guys started making out, lifting their shirt and kissing their nipples. I was laughing my ass off, they cut to a previous shot of the buildings. It was so obvious the Anchor girl had to say something about it, They were really comforting each other there.)

By "our economy" he obviously means John and Cindy McCain. Their economic situation remains fundamentally strong.

Is it still Phil Gramm? The architect of the dismantling of Glass Steagal, which, if it didn't cause the current crisis, certainly helped it along quite a bit?

Unbelievable.

http://snyderico.blogspot.com/

You're joking right?

He couldn't have said "The Fundamentals of our economy are strong" on Monday? Like last week?

I know he said that like a month ago, and Obama hit him hard on that, so no, he just couldn't have said the same thing again.

You know, everytime I worry about this election, McCain telegraphs a little bit that he's trying to throw the election.

Is McCain really that stupid? Or does he just think the American People are.

McCain is just a sock-puppet for Bush.

Economy good - people buy beer. Economy bad - people still buy beer. As long as Cindy "Sugar Mama" McCain is still making money, McCain's economy is fine.

Too bad there aren't enough beer heirs/esses for the rest of us!

Q: “So, turning away from foreign policy for a moment Mrs. Executive Palin, on the domestic front, what is your opinion of Mark-to-Market annual end-of-year asset valuation accounting requirements, and post- Glass-Steagal brokerage house self-assessment leveraging strategies, as they apply to financial institution reserve ratios?”

A: “What aspect of it do you mean, Charlie?”

Those two guys making out were two guys from the Howard Stern show. It was some kind of planned joke. They weren't actually kissing (or so they claimed on Stern's show this morning), FWIW.

sure the economy is going well, don't be a surrender monkey

we win until we lose

From the greed of Wall Street and the Republican morons running for President and Vice President. He understands the economy about as well as a fourth-grader, and her command of the world and foreign relations is about on par with that. Let's elect them, and then wager on whether this nation implodes economically before we're engaged in nuclear (oops, 'nucular') war.

Mr. Leonards emotions are understandable, but he is still not dealing with "fundamentals". Most of what he said was true in 1932, but at that time , FDR's cheerleading was OK, because the US had assets which at present, we do not have. That's what we should be talking about. disigny

Let's elect them, and then wager on whether this nation implodes economically before we're engaged in nuclear (oops, 'nucular') war.

I can't wait for the release of Sarah Palin's new book: Nuclear war - The fast track to Rapture

That will be the case if McCain/Palin is elected.

I didn't think I had any more laughter left in me, so thanks for the laughs.

This is what passes for leadership? We're adults - treat us as such.

"The fundamentals are strong."

Another pro-business, anti-regulation President who didn't beleive in facts, only happy doctrine. Facts, shmacks, just 'believe.' .5+ Trillion in losses? A veritable hiccup!

Indymac, Countrywide, Bear Stearns, Freddie Mac/Fannie Mae, Lehman, Merrill Lynch, and maybe soon - AIG and Washington Mutual. See a pattern here?

I hear the rich can only buy 2-3 pairs of Manolo Blahniks at a time now, not 5 pairs. I guesst the $5M 'middle class' is taking it on the chin. Maybe McCain should talk to them about the shoe pain they are going through.

If that is not a direct quote from Herbert Hoover, it is about as close as you can get. I suppose that should not surprise us since the Republicans have reproduced the four causes of the Great Depression as explained by John K. Galbreth in his book, The Great Crash.

Is it time to privatize Social Security yet? John McSame was just commenting on that a few days ago. His conclusion? Absolutely privatize. Economic fundamentals are sound, he claims. Well, McSame let’s invest in Bear Stearns, Merrill Lynch, A.I.G, Lehman, Washington Mutual and a few others. The new Secretary of Casino Gambling could hedge our bets by investing half that money on the craps tables in Vegas and Atlantic City. That way, just like the Enron workers the retired in the country will end up at soup kitchens. Way to go GOP!

Fundamentally, McCain is correct: the economy is fundamentally sound. The body economic has taken a bullet through the left lung (in the form of a few trillion of bad loans), but, the heart is beating strongly, the blood is red as it flows down the shirt, legs are strong, eyes could see if they were open: fundamentally sound, but really badly hurt. Without lots of intervention, death would occur.