"The Chair of President Obama's Council of Economic Advisers, Dr. Christina Romer, on Sunday said that the fundamentals of the economy are "sound," a comment similar to one that her boss as a candidate repeatedly attacked Sen. John McCain, R-Ariz., for making during the heat of last year's presidential campaign. "
"Of course, the fundamentals are sound," Romer said on Meet the Press, "in the sense that the American workers are sound. We have a good capital stock, we have good technology. We know that, temporarily, we're in a mess, right? We have seen huge job loss, we've seen very large falls in GDP. Certainly in the short run, we're in a bad situation."
On September 15, McCain said, "As you know, there's been tremendous turmoil in our financial markets and Wall Street, and it is -- it's --people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult times. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government."
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Last month economy was heading toward "catastrophe", 2 weeks ago it was "It will get worse before it gets better, and today it's "sound and nothing to worry". Shameless! Do they really think we are that stupid?