I’ve said it more than once and I’ll say it again…our economy is in the crapper.
I’ve talked about how most key economic indicators point to our economy being at the beginning stages of a recession, and while some folks on the right would disagree, I think it’s time we all just be honest about how bad our economy really is, and Republican presidential candidate John McCain seems to agree with me. During a campaign stop today in Kentucky, McCain said the nation is in a recession and “families are hurting.” McCain went on to say, “I believe we are in a recession, I believe the numbers indicate that.” For a man who’s tied himself so closely to president Bush since he tied up the Republican presidential nomination, it’s more than a little risky – at least in my book – to admit there’s problems with the economy, because McCain runs the risk of being blamed – at least in part – for the current state of the economy.
Now while I’m glad John McCain has finally admitted that our economy isn’t as rosy as he and president Bush have tried to make it seem, I still don’t think he’s the right man to get our economy back on track as president, especially given his own admission that he knows little about the economy:
“The issue of economics is not something I’ve understood as well as I should. I’ve got Greenspan’s book.”
This is man who no sane American should let near our budget or economy as president.