Economically Sound

Lehman Brothers files for bankruptcy. Merrill Lynch is sold to Bank of America. AIG loses 50% of its stock value. The Dow loses another 300 points today.

John McCain today: "The fundamentals of our economy are still strong."

But it doesn't stop there. Donald Luskin, a self proclaimed economic advisor to John McCain wrote the following on the economy in Sundays Washington Post. We're not just a "nation of whiners," according to Luskin, we're "a nation of exaggerators" as well.

I wonder if Luskin is wishing his article hadn't been printed right about now?

UPDATE (9/16/08 6:50am):

John McCain thinks we're stupid. In response to McCain's "fundamentals are still strong" quote regarding the economy while he was stumping yesterday, Barack Obama shot back from his campaign by asking, "What economy is John McCain talking about?!" Looking for a way to squirm out of his gaffe and since he is in full liar mode anyway, McCain said he was talking about "the American worker." Those small business owners and entrepreneurs, they're what he meant by the fundamentals. Yes, as the the Dow closed -504 points yesterday, McCain thought he could cast blame on Obama and how he doesn't believe in the the American worker.

Oh, and Sarah Palin started using the "Bridge to Nowhere" line again that she stopped using while in Alaska. I guess she doesn't realize that "national spotlight" includes Alaska where she was able to reign in obscurity until cynically chosen to be the GOP running mate.

Who Let George Out?

Uh, oh. President Bush is talking about the economy again. It is now 11:52am EST and the Dow is up 35.04. I wonder how low it'll be before he finishes.

11:55am - Dow Jones at +24.06

12:09pm - Dow Jones at +20.48

4:27pm - Go figure. Microsoft bids on Yahoo for $45 billion shooting it up 48%, Massachusetts sues Merrill Lynch, Exxon's profits are the highest ever, and a whole bunch of other shit happened. But the most important thing? Bush stopped yappin'.
Dow Jones ends the day at +92.83.