A Tale of Two” Fundamentals” of the Economy are Strong, Part Deux … It all depends on what the meaning of “sound” is


For all of you who thought Obama was some sort of change and some type of new politician, think again. Where have we heard this before? Now it depends on what the meaning of “strong” is, or is it “sound?”

Words do not lie … see and hear for yourself.

During the 2008 Presidential campaign Republican candidate John McCain made the comment on September 15, 2008: “the fundamentals of our economy were strong”. Team Obama thought the comment was so humorous that they took the comment out of context and made it into a campaign ad mocking the Senator from Arizona calling him out of touch.

 What’s the different between then and now?

(Video H/T: The Gateway Pundit)

However, some how after all the Obama campaign rhetoric the Obama Administrations is using the exact same words when the economy is even worse today that it was in September 2008. It was ok for Obama to criticize McCain during the campaign and use the “fundamentals” comment to his benefit when it behooved him. Suddenly with a worse economy that September 2008, more jobs lost and a stock market that has been ravished … Obama and his minions say with a straight face that the fundamentals of the economy are sound. Today, we face a worse situation under Obama, who is out of touch?

During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.” Obama’s team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.

But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC’s “Meet the Press” if the fundamentals of the economy were sound, she replied: “Of course they are sound.”

“The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology,” she said. “We know that – that temporarily we’re in a mess, right? We’ve seen huge job loss, we’ve seen very large falls in GDP. So certainly in the short run we’re in a – in a bad situation.”

Just a week ago, White House Office of Management and Budget director Peter Orszag declared that “fundamentally, the economy is weak.” Days later, Obama told reporters he was confident in the economy.

Amazingly enough, this week Obama’s economic chairwoman Dr. Christia Romer told David Gregory on Meet the Press that, “Of course the fundamentals of the economy are strong.” Let’s give credit to David Gregory for holding her and Obama’s feet to the fire.

UPDATE I: Hot Air has Press Secretary Gibbs trying to explain the unexplainable.

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  • Comments

    12 Responses to “A Tale of Two” Fundamentals” of the Economy are Strong, Part Deux … It all depends on what the meaning of “sound” is”

    1. super dave on March 17th, 2009 10:17 am


    2. scott on March 17th, 2009 11:36 am

      Obama is a joke! Of course he’s a flip flopper right after he used scare tactics to get his SPENDULUS plan instituted. Of course when the market is showing some good signs everything is honky dory?!?

      I love the rhetoric from liberals. The only word they know is inherit…LOL! This is Obama’s economy now that his stimulus is being SPENT!

      If it IS probably TARP money that is helping the economy…Bush’s TARP but Obama will admit he is the savior when he’s not!

    3. Rusty Bridges on March 17th, 2009 11:40 am

      but, but……It’s Bush’s fault!

    4. wg on March 17th, 2009 3:52 pm

      I remember a time when a two parent household both worked different shifts to pay the bills and provide parental support to the family unit. It was a struggle, but people did it to make a better life for their family – on two lower paid in incomes. Moms often worked from home or baby sat to make a little extra. Sometimes, dads moonlighted and made a little extra too.

      Today, it seems like that same two parent household struggles to have one jobs that kinda pays the bills.


    5. Michelle Smith on March 17th, 2009 4:54 pm

      It is tough for two incomes to make ends meet when the liberals keep taking, taking, taking till we have nothing left to give.

    6. nurturer on March 18th, 2009 8:12 am

      Do you really believe that the numbskulls that voted for the smooth talking Telepromptor President will have the mental capacity to remember as far back as September 15, 2008?

    7. Dolf on March 18th, 2009 8:30 am

      strange when the US has the same liberal economic outlook as Holland.

      notice the word liberal

      The U.S. partnership with the Netherlands is one of its oldest continuous relationships and dates back to the American Revolution. The excellent bilateral relations are based on close historical and cultural ties as well as a common dedication to individual freedom and human rights. The Netherlands shares with the United States a liberal economic outlook and is firmly committed to free trade. The United States attaches great value to its strong economic and commercial ties with the Dutch. The Netherlands is the fourth-largest direct foreign investor in the United States, and the United States is the third-largest direct foreign investor in the Netherlands.

      from: http://www.state.gov/r/pa/ei/bgn/3204.htm

    8. Michelle Smith on March 18th, 2009 9:04 am

      #6 No, and they will never admit that they screwed up by voting for this joke of a President either.

    9. Treehouse on March 18th, 2009 9:12 pm

      Okay…(deep breath here)…

      I’m Southern…I’m conservative…I’m white…

      yet I was excited when Obama was elected.

      What’s that Jimmy Buffet song about the world being ruled by old white men? I thought it was time for a change. However…..

      Dear Mr. Prez…Could you PLEASE stop saying
      “I didn’t create this….I inherited this…”

      What a crock. YOU ACCEPTED THIS, in fact, YOU

      With all due respect Sir.. Grow a pair. If you don’t know how, ask Hilary.

    10. ANewGirl on March 19th, 2009 9:02 am

      @#9- Treehouse ! That was so refreshing…..thanks for the great post……Really made my day.


    11. Dolf on March 19th, 2009 9:26 am

      Treehouse: “Dear Mr. Prez…Could you PLEASE stop saying
      “I didn’t create this….I inherited this…”

      What a crock. YOU ACCEPTED THIS, in fact, YOU


    12. Michelle Obama … It’s in the Shoes … Especially Those $540 Lanvin sneakers … Nice Image in Face of Depression … Let them wear Keds | Scared Monkeys on May 2nd, 2009 10:35 am

      [...] those same fundamentals of the economy that Team Obama railed on McCain are the very same ones that Team Obama now praises as being sound as [...]

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