Bloomberg agrees with McCain: Economy 'fundamentally...strong'

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Bloomberg agrees with McCain: Economy 'fundamentally...strong'
Ben Smith of Politico

I just now asked the New York mayor, a former Wall Street hand who's been in the mix in the current crisis, whether he agrees with McCain that the fundamentals of the American economy are strong.
"I do agree that fundamentally America has an economy that is strong," he said. "America’s great strength is its diversity, its hard work, its good financial statements, its broad capital markets,its enormous natural resources" and its work ethic, he said.
"I'd rather play America's hand than any other country," he said. "Without problems? No."
 

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and now the cleanup from that statement by his staff

"Today we are seeing tremendous upheaval on Wall Street. The American economy is in crisis. Unemployment is on the rise and our financial markets are in turmoil. People are concerned about our economic future. But let me say something: this economic crisis is not the fault of the American people. Our workers are the most innovative, the hardest working, the best skilled, most productive, most competitive in the world," McCain's prepared text said.
 

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If all McCain means by fundamentals is "the hard American worker" then by that standard the economy is always fundamentally strong and always has been. What does that even mean? Makes no sense.
 

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If all McCain means by fundamentals is "the hard American worker" then by that standard the economy is always fundamentally strong and always has been. What does that even mean? Makes no sense.


Now it's McCain on the defensive. Dems will pound this one pretty hard.
 

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Whoever left that line in his speech today should be fired.
 

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Donald Trump: "The Government is doing the right thing with the financial mess."
 

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