March 16, 2009

DARREN HUTCHINSON: Fundamentals of the Economy Are Sound — Really? “Even Huffington Post, which beat up McCain for saying the fundamentals of the economy were sound last September, has published an article showing the striking similarities between Romer’s and McCain’s statements. Since the time McCain made his comments, the stock market has plunged, unemployment has soared, foreclosures have climbed to record highs, and GDP is in free fall. But now, the fundamentals of the economy are sound when they were not last Fall. Amazing stuff.” Amazing. And amusing! But hey, if the economy is still fundamentally sound, I guess Obama’s claims of inheriting the problems don’t hold water . . .

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