Adam Aigner-Treworgy
MSNBC
September 16, w008
Addressing today’s news of upheaval in America’s financial markets, McCain said this morning that, despite fears over the “turmoil” on Wall Street, “the fundamentals of our economy are strong.”
“But,” he added, “These are very, very difficult times.”
The Obama campaign seized on the statement, contrasting it with McCain’s new ad — “Crisis” — which paints a more foreboding picture of the American economy.
“That shows that he is extraordinarily out of touch,” said campaign spokesman Tommy Vietor. “It’s even more surprising when you look at his ad today that shows the economy in crisis, that’s the lead of his ad.”
In addressing the Wall Street troubles today, McCain criticized the existing system of oversight over financial markets and voiced his opposition to a bailout of Lehman brothers funded by taxpayer dollars.
“We’ve got to take every action to build an environment of robust energy supplies, lower inflation, controlled healthcare costs, access to international markets, low taxes and reduced burden of government to allow people to move forward toward a future of prosperity,” McCain said. “A McCain-Palin administration will replace the outdated, patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street.”
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