Skip to main content

By Jwilkes from Eyes on Obama:

Apparently, not everyone agrees with John McCain that the "fundamentals of our economy are strong."

Apparently, not everyone agrees with John McCain that the "fundamentalsof our economy are strong."

Here is a brief look at how some of his fellow Republicans see the situation:

President George W. Bush: "America’s economy is facing unprecedented challenges...Given the precarious state of today’s financial markets, and their vital importance to the daily lives of the American people, government intervention is not only warranted, it is essential."

House Minority Leader John Boehner (R-MO) - "We have an unprecedented crisis."

SEC Chairman and former Rep. Chris Cox (R-CA) - "The current crisis is presenting new challenges on an hourly basis."

Former Fed Chairman (and Reagan appointee) Alan Greenspan - "First of all, let’s recognize that this is a once in a half century, probably once in a century type of event." Asked if it was the worst crisis he’d seen in his career, Greenspan answered, "Oh, by far."

Treasury Secretary Hank Paulson - "The underlying weakness in our financial system today is the illiquid mortgage assets that have lost value...These illiquid assets are choking off the flow of credit that is so vitally important to our economy."

Senate Banking Committee Ranking Republican Richard Shelby (R-AL) - "We know there’s crisis, there’s stress, in the financial markets that we haven’t seen in, say, 70 years."

Ranking Republican on Senate Budget Committee Judd Gregg (R-NH) - "A majority of the Republican Conference will understand about the risk to the nation...The situation is so dire, we can’t get wrapped around our ideologies."

Former Hewlett-Packard CEO and McCain Campaign co-chair Carly Fiorina - "These financial institutions failed today, in part, because they had borrowed too much money, and couldn’t pay their debts, when the price of the assets that they had borrowed to buy, i.e. homes, began to fall. We have to get the government’s financial house in order."

Vice President Dick Cheney - "We’re currently going through a rough patch here, there’s no question about it."

Former Massachusetts Governor Mitt Romney - "At a time like this, a lot of people are really concerned about what’s going to happen to the future of our economic system, and a lot of people are pointing in different directions. As Steny Hoyer just indicated, there’s blame in Congress. There’s blame in the administration. Look, there’s blame at the Fed. There’s blame in the rating agencies. There’s blame for the investors. Nobody could escape blame in a setting like this."

And the kicker:

Republican Vice Presidential Nominee Sarah Palin - "The economy is a mess."

If you like EyesOnObama post, click here to read more of all our writers like The Bard and check back tomorrow for more of your favorite blogger Jwilkes

...

Copyright Eyesonobama.com

Originally posted to timran on Fri Sep 19, 2008 at 03:27 PM PDT.

EMAIL TO A FRIEND X
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

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site