From
rejectmccain.com:If you paid attention to the GOP primary, or watched any of the tragic debates, you certainly remember McCain repeating the ridiculous
phrase “the fundamentals of America’s economy are strong” ad infinitum.
The word “fundamentals” came straight from Bush’s playbook, and everyone knew it. Many times in 2007 Bush said, “the fundamentals of our nation’s economy are strong.”
Such phrases tend to be repeated, and politicians often borrow language from each other (I’m still wondering which Dem began the “change” rhetoric), but this specific phrasing “the fundamentals are strong” seemed to be a very popular talking point. Ed Lazear, Chairman of Council of Economic Advisers said, “The structure of the American economy is sound,” and “we believe that the fundamentals are strong.”
Last month, I read a blog post about these quotes, and ultimately agreed that “fundamentals are strong” must be White House talking points that are being echoed by the new GOP nominee. It’s lame, but definitely not a huge news story.
But I just watched a documentary, and learned the phrase “fundamentals are strong” goes back further. In fact, this form of corporate propaganda can be traced to the most corrupt CEO in American history. Any guesses? Think back to 2001. Think back to Tyco. Think back to WorldCom. Think all the way back to the one event that triggered a wave of corporate scandals which, along with the dotcom bust, sent America’s economy spiraling downward. Think back,
to Enron. Lay accepted full responsibility for what happened at Enron but said he could not take responsibility for the individual conduct of every one of Enron’s 30,000 employees.
“I thought it was in good shape,” he told jurors. “Going into the fourth quarter of 2001, the fundamentals of Enron were incredibly strong.”
This statement, of course, was a gigantic lie, and subsequent court battles proved it. But the language lives on; anyone can use such a line “fundamentals are strong” because it refers to nothing, and therefore can’t be disproved or debated.
In the following months, let’s not just remind voters McCain will be four more years of Bush. That’s wrong. He’s worse than four more years. He’s four more years of Ken Lay, Donald Rumsfeld, Brownie, Ronald Reagan, Jim Bakker, Richard Nixon, Tom Delay, and every other scumbag Republican who robbed America of its potential by putting their personal interest for power over the best interest of the American people.