McCain: "fundamentals of our economy are strong"

I kid you not; he said that today--Monday, September 15, 2008. How many foreclosures, how many bank failures, how many other financial institutions need to fail, John? Indeed, this is exactly the kind of thing Herbert Hoover was saying after the Wall Street Crash! The point is that the economy is working well--for some. The rich have never had it better, and as we all know, John McCain is in that class. How many houses do you own again, John?
For the rest of us, though, we are heading for some extremely rough waters. The majority of adjustable rate mortgages have yet to reset (meaning that their low teaser rate periods are expiring to be reset at true market value, causing many more people to lose the homes they really can't afford), which will cause another wave of failures to come crashing down on our already beleaguered financial system. Even more catastrophically, Washington Mutual is swiftly collapsing towards bankruptcy, and there are some who question whether the FDIC can afford to cover those losses. This is the nation's 6th largest bank in the US, people!
Thanks to 28 years of vicious conservative leadership--from Reagan to Bush to yes, Clinton, to Smirky, and in cahoots with conservative philosophers/economists/politicians, both in and outside of DC, we are now faced with the near total collapse of our economy. Deregulation of the financial markets, the insistence on "free" trade, the reduction of all of our manufacturing in favor of concentrating on the service and fiscal "industries"--in short, our complete reliance on the Republican canard of "trickle-down economics" has brought us to the brink of disaster unimaginable after the fixes put in place during and after the Great Depression.
And McCain has the gall to claim that we're doing just fine? That is one delusional crank. How on earth can 1/2 the people in the country really believe that he even cares about them, let alone knows how to solve their problems? He doesn't even think that there are any! Scary times.