by Mark Silva
With a limping economy now No. 1 in the campaign trail debate, Republican Sen. John McCain maintains that "the fundamentals of our economy are strong,'' while Democrat Barack Obama insists that McCain is "out of touch'' with reality.
"Our economy, I think... still the fundamentals of our economy are strong, but these are very, very difficult times,'' McCain said Monday, campaigning in Florida amid news of more colossal failures on Wall Street. "I promise you, we will never put America in this position again... We will clean up Wall Street... This is a failure.''
Obama, campaigning in Colorado with word of "some very serious and some troubling news from Wall Street, said, "this is a serious, serious situation, as bad as anything that we've seen... There is a lot of talk about how we're going to get our economy back on track.... We are going to have a lot of rebuilding to do.''
The situation, he said, "offers more evidence.. that... too many folks in Washington and on Wall Street were not minding the store.''
As for the running mates, Republican Sarah Palin warned that "it's taking a toll on our economy, and that means peoples' life savings.''
And Democrat Joe Biden suggested that it all speaks to the need to avert another four years of Republican administration. With "a record number of home foreclosures... home values tumbling,'' he said, "folks, we've seen this movie before and we know the sequel is always worse than the original.''
Voters will be looking, on Nov. 4, to one of these teams to begin the rebuilding.
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Comments
Joe Biden has never had an original thought in his head. All he can say is McCain is Bush.
Posted by: Springfieldringfield | September 16, 2008 10:45 AM
US needs Palin's perservence and commitment to maneuver through the economic crunch. McCain and Co. are just loosers.
Posted by: UAE Calling | September 16, 2008 10:46 AM
Really - what does a political party have to do with the housing market? (Unless you're talking about government housing). Speaking of gov. housing and big (Democratic party) government, why don't we just let the Federal Government control everything: Health Care, Housing, Food, ... it'll be like living in one happy commune. Yes, that's it! Why don't we all live in a commune - so happy - happy communists!
Posted by: Bill Gross | September 16, 2008 10:59 AM
No matter where you stand, there is one true fact. McCain has admitted that he doesn't understand the economy. In addition, the man that he turned to about the economy is Phil Gramm, who helped usher in the de-regulation that started all of this financial ruin. That's pretty sound judgment right there. If I were interviewing for a job and said "I don't understand" a huge portion of importance, and then went on to say, "I trust Mr. X" about that portion, and it was completely wrong, do you think that you would still hire me? Would I even still be in the room?
Posted by: karl | September 16, 2008 11:02 AM
Jerry White from Springfield, why do you make comments that say how uninformed you really are. Joe Biden was for the surge almost one year before McCain. He stated we needed more troops while McCain was say everything was great. McCain could learn alot from Biden on foreign policy.
Posted by: pd | September 16, 2008 11:37 AM
Obama keeps crying about how bad the economy is,
but if Americans are hurting so bad, how come they
were able to send Obama 66 million dollars last month?
... And, tonight Obama is asking Americans to give him
$28,500.00 each for the Obama/Streisand fund
raiser dinner. Two faced Obama has no credibility.
No Wright, no Farrakhan, no Pfleger, no Rezko,
no Ayers, no mean Michelle, and, NOBAMA !!!
Posted by: Ben | September 16, 2008 5:44 PM
ACTUALLY OBAMA HAS MORE ISSUES IN MONEY ISSUES 101 in this campaign
http://littlegreenfootballs.com/article/31264_Obama_Got_$126K_from_Fannie_and_Freddie#rss
Posted by: It's on Fox News commentary too | September 16, 2008 7:35 PM