If you needed proof that McCain was economically illiterate, read on.
Before we go into that – we see a little more of CNN’s bias toward John McCain, as many of us who are watching this election race we know that many are seeing what we are seeing, but the website of CNN is written so you don’t miss as much as you do when the pundits are speaking.
McCain made it plain that he feels the US economy is fine, it’s not as the majority know. But, on the website, we get this:
(CNN) — Sen. John McCain said Tuesday that American workers are “the fundamental strength” of the U.S. economy and that the country will rebound with their help.
The second paragraph went on to say that was a softening of his stance. Which was:
McCain softened his earlier comments that “the fundamentals of the American economy are strong.”
McCain goes on to say that it was obvious what he was really saying:
“What I obviously was saying, and I believe, is the American workers, the most productive and the most innovative — they are the fundamentals of our economy and the strength of it and the reason why we will rebound,” he said Tuesday on CNN’s “American Morning.”
Well no, John – it was obvious that you were saying that the US economy was strong – you have now manoeuvred away from that – thankfully. I wonder how long it will be that McCain takes on another Obama policy? Not long if we follow a short time back where Bush and McCain are taking on what Obama is saying.
Anything to get voted into power, eh?
But, back to the topic.
The topic being: John McCain is an idiot.
The US economy is in dire straights at the moment – it is buckling on so many fronts it must look decidedly deadly to some economists in the US. But John McCain doesn’t trust economists, well not those who don’t advise him – and that is where the problem lies. If you don’t take in two different sides and weigh them up – how can you make an economic judgement?
John McCain sees intelligent people as elitist – that is why he chose Palin. There is a mental disorder there, it’s called Epistemophobia. John McCain wasn’t and isn’t the sharpest tool in the toolbox – hell, he is even worse than Bush in some circumstances. Maybe why they are alike in policy and views. He is being manipulated by the GOP because they didn’t get who they really wanted as nominee – not something you like, but there ya go.
But he needs to choose his word correctly next time – gaffs like that are, and will continue to be, explained to people in simple English.
McCain said the regulatory agencies charged with monitoring Wall Street, which he called outdated, have been “asleep at the switch the last few years.”
Those agencies should evolve to the global economy, he said. “We have to fix this alphabet soup of regulatory agencies that’s left over from the 1930s,” he said.
Jeffrey Sachs, a renowned economist and special adviser to the U.N. secretary-general, said he blames the Bush administration for “ignoring the economy” and the Fed for increased deregulation.
It is Bush and his policies, John – not the agencies, you agreed with Bush – so in part, the failure is already yours.