McCain Laboring to Hit Right Note on the Economy
By MICHAEL COOPER
Published: September 16, 2008
NY Times
VIENNA, Ohio — On Monday morning, as the financial system absorbed one of its biggest shocks in generations, Senator John McCain said, as he had many times before, that he believed the fundamentals of the economy were “strong.”
Hours later he backpedaled, explaining that he had meant that American workers, whom he described as the backbone of the economy, were productive and resilient. By Tuesday he was calling the economic situation “a total crisis” and denouncing “greed” on Wall Street and in Washington.
The story goes on to note other examples of McCain flip-flopping on economic issues:
As recently as January, Mr. McCain argued at a Republican debate that Americans were better off than they were eight years ago; by this summer he had released an advertisement that said “we’re worse off than we were four years ago.”
His first big speech on the mortgage crisis warned against excessive government intervention; a month later he released his plan for government action to help people keep their homes.
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