Wednesday, September 24, 2008

Crisis

Lehman Brothers Times Square by David ShankboneImage via Wikipediahttp://www.huffingtonpost.com/andy-ostroy/wall-street-crisis-gives_b_128500.html

"Last week was not a good week for Sen. John McCain. It began on Monday, mid a 500+ point stock market drop and news of Lehman Brothers' and Merrill Lynch's bankruptcies, when the curmudgeonly 72-year-old Republican presidential nominee incredibly declared that "the fundamentals of the "economy are strong."

"Exactly one week later, on NBC's "Today" show, McCain said, "We are in the most serious crisis since World War II."

"What happened in-between was the McCain camp's realization that, in a time of great national crisis, their candidate demonstrated a glaring and embarrassing lack of understanding of the gravity of the situation, and an inexcusable disconnect with the financial pain and suffering of Mr. and Mrs. Average American (an interesting side note is the Newsweek report issued Monday that the McCains own a total of 13 cars--two of which are foreign--while "the elitist" Sen. Barack Obama owns just one...a Ford hybrid)."

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