The Economy Is Sound

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Col Hogan
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The Economy Is Sound

Post by Col Hogan »

Remember back during the 2008 when Senator McCain said the economy was basically sound??? Remember how the Obama campaign jumped all over that, ridiculing the Arizona senator as being out of touch...

Well, with the economy in worse shape than that day, the Obama economic team has declared the economy "sound"....
Last edited by Col Hogan on Mon Mar 16, 2009 12:39 pm, edited 1 time in total.
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Re: The Economy Is Sound

Post by grizzaholic »

Col Hogan wrote:Remember back during the 2008 when Senator McCain said the economy was basically sound??? Remember how the Obama campaign jumped all over that, ridiculing the Arizona senator as being out of touch...

Well, with the economy in worse shape than that day, the Obama economic team has declared the economy "sound"....

http://www.wtopnews.com/?nid=116&sid=1513180
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Re: The Economy Is Sound

Post by catamount man »

What they fail to report, yeah I know big shock right, is that less spending and more saving is actually, well, A DAMN GOOD THING. To listen to the grim economic news, you would think the inability to use credit is the same thing as doomsday. I know it is a necessity for businesses to operate, but for people, and I include myself, we could all take a step back from credit and spending and start acting more frugal. Again, I include myself.

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Re: The Economy Is Sound

Post by dgreco »

he already got a slap on the wrist for fear mongering. He has learned his lesson.
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Re: The Economy Is Sound

Post by wildkyle »

i hope obama knows what he talking about but i don't think the economy is sound. he needs to quit talking about raising taxes before things get worse
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Re: The Economy Is Sound

Post by travelinman67 »

He was attempting to infuse some confidence...no more, no less...

In doing so, he comes off looking like a know nothing jackass or merely "spinning" the truth...which showed be left to his Press Secretary.
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Re: The Economy Is Sound

Post by dbackjon »

Where in your article does it say what you are saying, colonel?
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Re: The Economy Is Sound

Post by Col Hogan »

dbackjon wrote:Where in your article does it say what you are saying, colonel?
Obviously, the radio station has changed the link...it was there when I posted it Sunday... :oops:

I'll remove the link...
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Re: The Economy Is Sound

Post by dbackjon »

I am trying to find Obama's actual quote - help please!
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Re: The Economy Is Sound

Post by dbackjon »

I can find this:

"There's a reason why even in the midst of this economic crisis you've seen actual increases in investment flows here into the United States," Obama said. "I think it's a recognition that the stability not only of our economic system, but also our political system, is extraordinary.

"I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States," he added.
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Re: The Economy Is Sound

Post by Skjellyfetti »

I think the quote referred to here comes from an Obama economic advisor:

http://blogs.abcnews.com/politicalpunch ... econo.html

She said "Of course, the fundamentals are sound."

It's semantics... but I think there is a difference in her statement and McCain's that said the fundamentals of the economy were strong
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Re: The Economy Is Sound

Post by Cap'n Cat »

Guys, I saw all that "economy is fundamentally sound" stuff and I have to say that I agree almost wholeheartedly, just as I did when McCain said it several months ago.

Take a look at it, I still see multiple SUVs driving around with MILFS shopping. I don't see massive strikes and economic protests everywhere. I still see people working and buying stuff. I don't se any soup or breadlines and such, as the media would make you believe. Took my truck in for service this morning and there were dozens of mechanics still working, it appeared. Lines were as long as ever at Cabelas in Owatonna, MN, yesterday.

So, for me personally, I have never bought this "catastrophe" sh*t. We have things to work on, let's do it together (Conks) and move on.


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Re: The Economy Is Sound

Post by Gil Dobie »

Cap'n Cat wrote:Guys, I saw all that "economy is fundamentally sound" stuff and I have to say that I agree almost wholeheartedly, just as I did when McCain said it several months ago.

Take a look at it, I still see multiple SUVs driving around with MILFS shopping. I don't see massive strikes and economic protests everywhere. I still see people working and buying stuff. I don't se any soup or breadlines and such, as the media would make you believe. Took my truck in for service this morning and there were dozens of mechanics still working, it appeared. Lines were as long as ever at Cabelas in Owatonna, MN, yesterday.

So, for me personally, I have never bought this "catastrophe" sh*t. We have things to work on, let's do it together (Conks) and move on.


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Re: The Economy Is Sound

Post by mass fan »

Cap'n Cat wrote:Guys, I saw all that "economy is fundamentally sound" stuff and I have to say that I agree almost wholeheartedly, just as I did when McCain said it several months ago.

Take a look at it, I still see multiple SUVs driving around with MILFS shopping. I don't see massive strikes and economic protests everywhere. I still see people working and buying stuff. I don't se any soup or breadlines and such, as the media would make you believe. Took my truck in for service this morning and there were dozens of mechanics still working, it appeared. Lines were as long as ever at Cabelas in Owatonna, MN, yesterday.

So, for me personally, I have never bought this "catastrophe" sh*t. We have things to work on, let's do it together (Conks) and move on.


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Re: The Economy Is Sound

Post by ASUMountaineer »

Cap'n Cat wrote:Guys, I saw all that "economy is fundamentally sound" stuff and I have to say that I agree almost wholeheartedly, just as I did when McCain said it several months ago.

Take a look at it, I still see multiple SUVs driving around with MILFS shopping. I don't see massive strikes and economic protests everywhere. I still see people working and buying stuff. I don't se any soup or breadlines and such, as the media would make you believe. Took my truck in for service this morning and there were dozens of mechanics still working, it appeared. Lines were as long as ever at Cabelas in Owatonna, MN, yesterday.

So, for me personally, I have never bought this "catastrophe" sh*t. We have things to work on, let's do it together (Conks) and move on.


:) :) :) :) :)
Wow, Cap'n and I agree. You're spot on. However, the Bush administration used this crisis to push through things they wanted and I hope Obama doesn't do the same. The media is always up for a new story and this one is selling.
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Re: The Economy Is Sound

Post by Cap'n Cat »

Obama is God. Let's establish that right off the fvcking bat.
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Re: The Economy Is Sound

Post by SeattleGriz »

Cap'n Cat wrote:Obama is God. Let's establish that right off the fvcking bat.
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