Economic Fundamentals

What in the world is McCain talking about? On the day that 2 of the largest (remaining) investment banks collapsed, and THE largest insurance provider was desperate to avoid the same fate, McCain claimed the fundamentals of the economy was strong.

He then clarified:

“My opponents may disagree, but those fundamentals of America are strong…. Our workers have always been the strength of our economy, and they remain the strength of our economy today.”

He sort of sounded like that Miss Teen USA pageant contestant who just kept mumbling, “Iraq, everyhwere, like such as”.

Last I checked, economic fundamentals are generally made up of quantifiable things like interest rates, GDP growth, inflation, etc. It’s nice to know that McCain believes that workers, innovation and entrepreneurship are strong, ie the fundamentals of Capitalism. But in referring to our economy, what is talking about? Strong as compared to what and in what sense?

Sigh. Bush 44, indeed.