So if McCain Says it’s a Recession, Does That Count?

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.


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3 thoughts on “So if McCain Says it’s a Recession, Does That Count?

  1. It is risky, but it’s also strategic. The other two candidates have us all on the dole. To not admit the possibility would alienate the groups he’s visiting right now. Economics are rarely good for them.

    The problem with a recession – you don’t really know until it’s almost over.

    McCain knows the economy. I watched him lead questions at the Wisconsin summit the other day. But, like I said then, most Americans don’t understand. While he doesn’t have to worry about winning people like you over, there are moderate Democrats that could add a vote on election day if he seems more like one of them.

    We have Greenspan’s book, too 🙂

  2. McCain has promised us more of the same. That alone is enough not to vote for him. I don’t know about others, but eight years of hell is more than enough for me. It will take a mighty long time to dig out of the hole Bush put us in, why in heavens name would anyone want someone who promises to dig us even deeper?

  3. I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.

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