Mr. McCain and the Economy
Mr. McCain and the Economy
John McCain spent Monday claiming as he had countless times before — that the economy was fundamentally sound. Had he missed the collapse of Lehman Brothers or the sale of Merrill Lynch, which were announced the day before? Did he not notice the agonies of the American International Group? Was he unaware of the impending layoffs of tens of thousands of Wall Street employees on top of the growing numbers of unemployed workers throughout the United States?
On Tuesday, he clarified his remarks. The clarification was far more worrisome than his initial comments.
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