Yes, John McCain said it. And thanks to YouTube, he won't be able to take it back.
"The fundamentals of our economy are strong."
I think he mistook the economy's fundamentals for his last fart. Silent. Deadly.
When something crumbles as quickly and completely as the United States economy, its fundamentals are many smelly things. Strong is not one of them. Fundamentally strong economies withstand bad gas, bad decisions, bad weather and bad wars. They rebound with limited government intervention.
We are in the midst of a great depression, not because our economy is fundamentally strong, but because our economy, under the unwatchful eye of Pres. George W. Bush's administration, is fundamentally weak.
Call me unpatriotic, but I call it like I see it. And I will call the duck a duck when it quacks. Especially when the duck is as lame as a Republican economist, or worse, a Republican running for President.
Deregulation of our markets is contingent on corporate decisionmakers making purely economic decisions. The goals of pure economics is to increase overall societal welfare. In a deregulated economy, a corporation becomes a microcosm of a country and therefore must make decisions that increase overall "societal welfare" in their company.
We are currently engulfed in a derugulated economy where decision making benefits a privledged few. I agree with Senator McCain. Our corporate culture is filled with nepotism and individual greed. Deregulated economies are economies contingent upon the best decisionsmakers making the best decisions in the company's best interest. Nepotism usually eliminates the idea of the "best decisionmaker." Individual greed eliminates the idea of the "company's best interest." And thus we are left with Today's deregulated economy, which is as far away from the best as you can get!
Today, September 19, 2008, the American middle class is at a point of collapse. If it the collapse continues, the American social order will become more feudal in nature and more prone to internal violence and revolution. Social unrest always gives way to social upheaval.
The lower middle class in America live paycheck to paycheck. Advancement opportunities are dim. Budgets are tight. And there is no room for emergencies, because today's emergency is tomorrow's mortgage foreclosure.
And tomorrow's mortgage foreclosure was Thursday's Great Depression.
"Quack," said John McCain. "The fundamentals of our economy are strong."
Peeeee...uuuuuuuew!
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