President Obama, in a meeting with Brazilian President Luiz Inacio Lula da Silva, insisted that “every investor can have absolute confidence in the soundness of investments in the United States.” Don’t get me wrong, I would much rather hear optimism spew out of the First Vocal Cords than his recent perpetual pessimism, but how can he say this right now when the economy is anything but sound?
Remember on the campaign trail when John McCain said the fundamentals of our economy are strong? Remember how liberals, Democrats, and everyone in the media condemned him as “out of touch” after he said these words? Remember how pundits consistently declared that this was the cause of the GOP ticket’s downfall?
