Skip to main content

John McSame constantly chants that the fundamentals of the economy are strong.  What is his definition of the fundamentals of the economy?

Maybe it's the amount of job losses overseas or the fact that wages stagnate while healthcare and gas prices sky rocket are his definitions of our economic fundamentals.  

I'm sure it must be all the great news we get each day about the stock market, or the fact that record numbers of people are losing their homes.  Now he has 6, 9, or 12 homes so I guess his fundamentals are sound.  His wife has a fortune in beer distributorships so I guess those fundamentals are sound.

I guess if you consider that his main economic advisors have participated in some of the most pronounced economic disasters in recent times, then those fundamentals may be sound.

The most disturbing element of this fundamental bull shit is that the media doesn't seem very concerned about pinning this nit wit down to just what the hell he means by fundamentals of the economy.  This is especially disturbing when all you hear from the republican noise machine is that the media is in the tank for Obama.  But of course I've never been know to accuse republicans of telling the truth.  Someone needs to nails this old fart's balls to the wall on this obvious double talk

Originally posted to redstatefred on Tue Sep 16, 2008 at 06:14 PM PDT.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  He mispoke (4+ / 0-)

    He meant to say the Fundimentals are strong.

    "Mr. President, I'm not saying we wouldn't get our hair mussed." General Buck Turgidson

    by muledriver on Tue Sep 16, 2008 at 06:16:23 PM PDT

  •  What he really said was (3+ / 0-)
    Recommended by:
    MadRuth, pollbuster, MsGrin

    the fundie's mental are good. Meaning the right wing nutcakes are all on board to give him monies so he can get the Moose Hunter elected Pres.

  •  How about — (3+ / 0-)
    Recommended by:
    pollbuster, psilocynic, MsGrin

    A sucker is born every minute.

  •  That's Easy. (1+ / 0-)
    Recommended by:

    It's cherry picked macroeconomic stats (usually lagging indicators) that don't look terrible.

    "Never be petty; always remember, others may hate you, but those who hate you don't win unless you hate them, and then you destroy yourself." - R.M. Nixon

    by jhooversnyder on Tue Sep 16, 2008 at 06:17:12 PM PDT

  •  I think he meant to say (2+ / 0-)
    Recommended by:
    pollbuster, MsGrin

    the Fundies are Mental!

    The readiness is all

    by mrchumchum on Tue Sep 16, 2008 at 06:17:21 PM PDT

  •  very cool (1+ / 0-)
    Recommended by:

    and smart observation!  Can the man break it down?

    Cowards die many times before their deaths... Shakespeare, Julius Ceasar, II, 2

    by on the cusp on Tue Sep 16, 2008 at 06:17:58 PM PDT

  •  Actually, he thinks he makes sense (4+ / 0-)
    Recommended by:
    Mrcia, craigf, newdem1960, NMDad

    McCain thinks the fundamentals of the economy are the American worker and his/her work ethic.  When he says "the fundamentals of our economy are strong" what he means, in his own incoherent way, is that the American workers are good workers and they are ready to work.  

    I'm guessing he says this a) because he has NO CLUE how the economy ACTUALLY WORKS and doesn't realize what any of those big numbers in those reports look like, and b) he's gearing up to call Obama unpatriotic for saying the economy is weak.

  •  Parsing the phrase... (2+ / 0-)
    Recommended by:
    lysias, Tricky

    ... "the Fundamentals of the Economy are sound" leads me to believe that the Republicans have redefined "fundamentals" to mean "the super rich and those with golden parachutes."  Because nothing else seems to be sound, safe or secure in our economy these days.

    How do I know what I think 'till I see what I write?

    by JRandomPoster on Tue Sep 16, 2008 at 06:18:15 PM PDT

  •  Thank you for asking this.... (1+ / 0-)
    Recommended by:
    That has been bugging me forever...I probably should have gone to more of my Econ courses but that phrase has always seemed like conservative mumbo-jumbo/gobelygook to me.

    "...and I, for one, welcome our new insect overlords." --Kent Brockman

    by dhshoops on Tue Sep 16, 2008 at 06:20:23 PM PDT

  •  relevant link (0+ / 0-)
    Let There Be Markets:
    The Evangelical Roots of Economics

    The biggest threat to America is not communism, it's moving America toward a fascist theocracy... -- Frank Zappa

    by NCrefugee on Tue Sep 16, 2008 at 06:21:20 PM PDT

  •  I know this one! (2+ / 0-)
    Recommended by:
    Diggla, NMDad

    Housing starts, commercial development, the stock market, the banking/loan industry and employment.

    All down.  Seriously down.  

    Housing starts are a major, major driver of a lot of the economy because they mean construction jobs, construction material and appliance purchases, home ownership and lending.  Commercial development drives the same job, material and fixture purchasing.  Banking and loan industries being successful mean good employment levels, debt-to-limit ratios and good credit risks in the market.  Employment rates and inflation drive all of the rest of the spending-based economy up or down.

    All of these are tanking thanks to GOP de-regulation and lax enforcement.  It's pitiful.  

    All of these determine the level of disposable income, which drives the consumer choice to spend, save or panic.  We're approaching panic.  Thanks, George Bush and John McCain.  

    Oh, and this Pennsylvanian approved this message.

    "When people show you who they really are, believe them." - Maya Angelou

    by Pennsylvanian on Tue Sep 16, 2008 at 06:25:10 PM PDT

  •  I just figured... (0+ / 0-)

    ...he was talking about his houses.

    "I'm not negative - I'm ANGRY!" -- Howard the Duck

    by Roddy McCorley on Tue Sep 16, 2008 at 06:29:23 PM PDT

  •  When he says (0+ / 0-)

    "fundamentals of the economy are strong" He is flat out lying because they have gutted our manufacturing jobs(Middle Class) and shipped them to other countries(for cheap labor). That's not the way to run our Country when people in America needs jobs.

    Why are we selling our Country out to other Countries for Slave Labor? John Mccain:China First!Americans Last!

    by Tricky on Tue Sep 16, 2008 at 06:30:29 PM PDT

  •  He is full of shit... (2+ / 0-)
    Recommended by:
    Pennsylvanian, pinkbunny

    ....but im pretty sure the "fundamentals" of the economy are things like unemployment, inflation, currency value, GDP, imports vs exports, what our capital markets look like, consumer confidence index, fed rate etc.....the base things that drive our economy. Looking back through that little list I dont see one of those things are actually in "good shape" let alone "strong" with the possible exception of our GDP which is still growing modestly, and the Fed Rate which is being lowered anyway (I know it stayed put today) to try to push money through the credit system (pushing on a string anyone?). He is talking totally out of his ass.....I understand he is trying to be posistive but really.....once things get to a certain level you have to quit bullshitting because it just becomes too damn obvious....

    "The pen devils set the stage for the war at home, locked without a wage....ya standing in the drop zone..."

    by Diggla on Tue Sep 16, 2008 at 06:31:32 PM PDT

    •  I'm not defending him (1+ / 0-)
      Recommended by:

      But to an extent, the fundamentals are strong -- trade partners are still trading with us, there isn't rampant inflation, there's liquidity. It's very unlikely that we will wake up tomorrow to discover that we cannot afford the food in the grocery store.

      What's weak is the present short- to mid-term economic outlook.

      •  I would agree with you..... (0+ / 0-)

        ...if I wasnt so pessimistic about about our trade deficits and all of the debt we have out there. I say that because I dont consider it "Fundamentaly Strong" if the course we are on is ultimately unsustainable. Throw in the strategic aliances of China, Russia, Venenzuela, Iran on the energy front, and we have a perfect shit storm on the horizon if we dont do something to shore all of this up. I agree with what you are saying....but I would say our long term economic outlook is a couple shades pask "weak" if we dont correct this mess properly.......

        "The pen devils set the stage for the war at home, locked without a wage....ya standing in the drop zone..."

        by Diggla on Tue Sep 16, 2008 at 07:18:12 PM PDT

        [ Parent ]

  •  He said the (0+ / 0-)

    "American workers" are the fundamentals...

    Idiot he is, obviously the American worker has NO work without fundamentals...this is the worst example of idiot speak so far.

  •  It means he got caught red-handed (1+ / 0-)
    Recommended by:

    mouthing George Bush's mindless talking points because nobody had a speech ready for him to deliver and he had to scuttle around to all the morning news shows and say something.  Pfotenhauer was better prepared but she used the much more specious 'He is trying to help prevent a panic but maintaining an optimistic tone'.  OHHHH.. in other words, he hasn't got a freaking clue and he's just pulling stuff out of his ass. Fortunately Biden and Obama were on the campaign trail and able to get in some powerful rejoinders, as were their colleagues in the Senate, all of whom got their chance at the microphone to call him out on being two-faced.

    The greatest thing about this is that we have just come off a solid week of McCain getting slammed in the media for being a liar.  The Doubletalk Express hasn't got any currency with the media anymore, and so everything he tries to spin comes off as deceptive.

    louise 'hussein' to you! proud donor to "White Dudes for Obama" Endorsed 11/1/07 and never looked back!

    by louisev on Tue Sep 16, 2008 at 06:32:30 PM PDT

  •  don't you know they are sound? (0+ / 0-)


  •  trying to get an open thread (0+ / 0-)

    on the economic crisis to the rec list

    Little Known Fact: Sarah Palin put all the fossils there just to test our faith.

    by audiored on Tue Sep 16, 2008 at 06:55:44 PM PDT

  •  McCain would break it down (1+ / 0-)
    Recommended by:

    but he doesn't know much about economics, and he doesn't know the meaning of the word fundamental. However he was a POW.

    The Taliban with an American face--Meet the Palinban

    by pollbuster on Tue Sep 16, 2008 at 07:10:49 PM PDT

  •  Of course it's just spin (0+ / 0-)

    if that's what McCain had meant, he would have just said, although we have a bad situation in Wall St, we could overcome due to strength and ingenuity of the American workforce or such crap.

    Why say something as ambigous as  "Fundamentals of the economy"

  •  Fundamentals of economy is code (0+ / 0-)

    words used by repugnicans.meaning your on your own.

  •  The fundamentals of the economy are as follows: (0+ / 0-)
    Unregulated capitalism as expressed by rampant, out-of-control multinational corporate structures is good.

    Only 16 days until the vice-presidential debates. Bring us back the left forepaw, Joe!

    by RadicalGardener on Tue Sep 16, 2008 at 07:44:45 PM PDT

  •  The fundamentals of the economy are sound. (0+ / 0-)

    This is absolutely true for many segments of the economy: the recording industry. The iTunes Music Store. Police siren manufacturers. Manufacturers of all types of headphones, speakers, and microphones. Cell phone companies. Regular phone companies. Hearing aid manufacturers. Muzak.

    I mean, for those and many others, McCain is dead on.

    Greg Shenaut

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site