“The Fundamentals of our Economy are Strong”

So say John McCain and George W. Bush. I could maybe buy what they’re saying. Experiencing a tough time in the economy doesn’t necessarily mean that the fundamentals of our economy are weak. But then, just now, I clicked over to the front page of the New York Times. The top three headlines are as follows:

Lehman Expected to File for Bankruptcy

Bank of American in Talks to Buy Merrill Lynch

Rush Is On to Prevent Big Insurur (A.I.G.) from Failing

When our the entire financial industry is on the verge of collapse thanks to the deregulation of Republicans, I think it’s safe to say that the fundamentals of our economy are NOT strong. I also think it’s safe to say that we need to do more than cut earmark spending and root out corruption to fix these fundamental flaws in our economic policies.

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One Response

  1. Great post. Thanks for the analysis.

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