Wednesday, September 17, 2008
It’s Your Money. Who Do You Trust?
While John “100 Years War” McCain is busy lying to the media about how he foresaw today’s economic crises, and flip-flopping on whether he thought U.S. government intervention to support of insurance giant AIG was a good idea, Democrat Barack Obama has launched an unusually long and thoughtful two-minute ad that gives some particulars of his plan to rescue America’s economy.
McCain hasn’t much of a leg to stand on amid the present Wall Street turmoil, since he’s long opposed regulating financial institutions and insists--regardless of evidence that’s been building over the last year--that the fundamentals of the U.S. economy are strong. Right, John, tell that to the hard-working American voters who are worried about losing their homes, their savings accounts, and the retirement funds they invested in the stock market. We can only be glad that the Social Security privatization plans cooked up by George W. Bush and John McCain failed in Congress. Otherwise, those must-have funds would now be decimated by economic downturns.
Who in his or her right mind would ever trust the nation’s economy to someone like McCain, who has admitted (though he later claimed he didn’t) that “The issue of economics is not something I've understood as well as I should”?
Watch the ad above, and then visit Obama’s Web site to read more about his plan to turn around the failed Bush-McCain economy.
READ MORE: “Harry Reid Rips the Fenders Off the Straight Talk Express,” by John Aravosis (AMERICAblog); “Obama Gambles on Lengthy Economic Ad,” by Steve Benen (The Washington Monthly); “With ‘Fundamentals Are Strong’ Comments, McCain Borrows Hoover’s Depression-Era Rhetoric” (Think Progress); “ABC News Slams McCain Flip-flops on Economy, says McCain Supported Policies That Led to Economic Meltdown,” by John Aravosis (AMERICAblog).