>> ^BillOreilly:
>> ^Raverman:
The poor state of the American economy is a given.
- Massive banks failing,
- Huge numbers of homes foreclosing - NATIONWIDE.
- The Stock exchange in free fall.
- So many trillions of overseas debt with countries like China, they basically own America.
- Not to mention the massive new cost from Hurricane Ike and the raising price of oil again due to the closed pipelines.
BillOReilly - to distract the conversation with a completely irrelevant comment about Michigan being run by a democrat? To try to divert the topic as my state vs. your state?
Shame on you. Thats an insult to the people who are truely suffering across america.
Rebulicans go on and on about patriotism and loving their country...
But don't give a damn about their countrymen, just their own pockets and politics.

Massive banks failing are due to corporate greed. Foreclosing homes are due to morons living beyond their means with variable-rate loans, which are now catching up with them. Hurricane Ike is a natural disaster. None of these issues are the fault of "Republicans who don't care about their countrymen."
And liberals care more about their fellow man than conservatives, I'm sure.


BillO, you may be right about why those things are failing, but as a result of their failures and the impact that will have and more importantly, the cause of those failures, for McCain to suggest that the fundamentals are strong, really does suggest he's out of touch with reailty.

Analysts can be nobs for their fortune telling, but they and economists like to talk up the market to keep mum and dad thinking that investing in the stock market is a good thing. I don't think you'd find one of them suggesting that the fundamentals of the US economy are strong...