Entries tagged “Economy”
A Chicken in Every Pot
By William Rabbe on 09/18/2008
By William Rabbe Herbert McCain? There's been a lot of chatter about John McCain's quote that "the fundamentals of the economy are strong" and that, ironically, the very same sentence was uttered by Herbert Hoover just prior to the great depression. Harry Reid first made the comparison, to McCain's detriment -- Hoover, of course, was blamed for the largest economic downturn in history and was defeated overwhelmingly by Franklin Roosevelt in 1932. McCain quickly corrected his statement, first saying that he was referring to "American workers" or the "spirit of innovation," then saying that the fundamentals are "strong" but "threatened."... MORE »
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A Chicken in Every Pot
By William Rabbe on 09/18/2008
By William Rabbe Herbert McCain? There's been a lot of chatter about John McCain's quote that "the fundamentals of the economy are strong" and that, ironically, the very same sentence was uttered by Herbert Hoover just prior to the great depression. Harry Reid first made the comparison, to McCain's detriment -- Hoover, of course, was blamed for the largest economic downturn in history and was defeated overwhelmingly by Franklin Roosevelt in 1932. McCain quickly corrected his statement, first saying that he was referring to "American workers" or the "spirit of innovation," then saying that the fundamentals are "strong" but "threatened."... MORE »
