Hypocrite Fundamentals of the Economy is a Ginormous LoadObama’s campaign asserted that the Republican National Committee was taking the comment completely out of context because Obama was not talking about the economy, but about his economic plan.“We don’t just need a plan for bankers and investors, we need a plan for autoworkers and teachers and small business owners,” Obama said. “I have said it before and I’ll say it again: we need to pass, after this immediate crisis is over, an economic stimulus plan. Right now. For working families – a plan that will help folks cope with rising food and gas prices, that can save one million jobs by rebuilding our schools and our roads, and help states and cities avoid budget cuts and tax increases. A plan that would extend expiring unemployment benefits. For those Americans who have lost their jobs and have been working hard to find a new one, but haven’t found one yet. That’s part of the change we need.“And then after this immediate problem, we’ve got the long-term fundamentals that will really make sure this economy grows. Change means a tax code that doesn’t reward the lobbyists who wrote it, but the American workers and small businesses that deserve it. As president I am going to eliminate capital gains taxes for small businesses and start-ups. That’s how we’ll grow our economy and create the high-wage, high-tech jobs of tomorrow.” more about "Hot Air » Blog Archive » New McCain a...", posted with vodpod

Hypocrite Fundamentals of the Economy is a Ginormous Load

We usually don't post Web ads, but this latest from the McCain campaign is so comically misleading that it really is a must-see:The ad shows footage of Obama that's edited down to make him say this: "We've got the long-term fundamentals that will really make sure this economy grows."The ad then suggests that this shows that Obama agrees with McCain's recent controversial claim that "the fundamentals of our economy are strong.""Is Obama saying McCain's right?" the ad continues. "Or is Obama saying his own attacks are shameless?"It turns out, of course, that the Obama quote was torn out of context in a hilariously dishonest way. It comes from Obama's speech yesterday, in which he was discussing his prescriptions for the economy, and said..."And then after this immediate problem, we've got the long-term fundamentals that will really make sure this economy grows. Change means a tax code that doesn't reward the lobbyists who wrote it but the American workers and small businesses that deserve it. As president I am going to eliminate capital gains taxes for small businesses and start-ups. That's how we'll grow our economy..."In other words, the "long-term fundamentals" Obama was referring to were those of his own economic plan, not of the economy right now!Oh, that's a good one. What with all the dire news and with happy hour still hours away, we needed a good laugh...