Oh, it's official now: Condi says "the fundamentals of the US economy are strong"

[marmar]

from ThinkProgress:



Rice Echoes McCain: ‘The Fundamentals Of The U.S. Economy Are Strong’»

Last week, Sen. John McCain (R-AZ) was widely ridiculed for his claim that the “fundamentals of our economy are strong” on the very day that two of Wall Street’s major banking institutions collapsed. In an interview with CNBC yesterday, however, Secretary of State Condoleezza Rice echoed McCain, stating that the “fundamentals of the U.S. economy are strong”:

QUESTION: How does a United States in the middle of a global financial crisis affect diplomatic efforts around the world and your efforts? (…)

RICE: Everybody understands that this is a very specific, indeed once-in-a-lifetime – well, we certainly hope – circumstance. But people have confidence in the United States. As the President has said, this is a financial crisis, but the fundamentals of the U.S. economy are strong.

McCain later backtracked, claiming he was simply referring to the American worker. “The American worker and their innovation and their entrepreneurship, the small business, those are the fundamentals of America and I think they’re strong,” he said. Rice cited similar reasons for her assessment:

RICE: Everyone understands our great ability to innovate, the productivity of our workers, the ability of the country to move quickly. And so I believe the United States’ standing has not been really affected.

Rice is making a clam that even the White House now refrains from saying. In a press briefing last week, White House Press Secretary Dana Perino, in a tense exchange, refused to side with McCain’s statement about the “fundamentals” of the economy being “strong.” “We have a mixed picture,” Perino concluded.

Treasury Secretary Hank Paulson yesterday also seemed to disagree that any “fundamentals” of the economy are healthy after the financial meltdown. The crisis in the “credit markets…threatens American families’ financial well-being, the viability of businesses both small and large, and the very health of our economy,” he told Congress.


http://thinkprogress.org/2008/09/24/rice-fundamentals-economy/

[bushisanidiot]

1. Republicans have no clue how to handle money. They can't tell when things are looking bad

and they don't care, because they know they have their own inheritances to bail them out personally. They could care less about the rest of the country.

[firedupdem]

2. That was Bush calling in a favor for his bud just before the debates..

McCain can say "hey! even Condi said the fundamentals are strong!" What the fuck does she know?

[shadowknows69]

3. True, if the "fundamentals" means that we still have the most nuclear weapons

Because that's about all the clout we got left in this world.

[Loge23]

4. Condi's not too up on things, is she?

You remember - the memo?
"Bin Laden Determined to Attack America"?

Heard she plays the piano pretty well though.

[Muttocracy]

5. is she trying to increase financial panic? If she says it's good, I'm worried! nt

[ReadTomPaine]

6. Sorry, but the current fundamentals of the US economy are FRAUD. n/t