Dems use McCain’s ‘Fundamentals of Our Economy are Strong’ in Wall Street Reform Ad

April 20, 2010

(ChattahBox)— Who will ever forget that pivotal moment in the 2008 presidential campaign, when Republican candidate Sen. John McCain, stood in the midst of one of the largest financial meltdowns in our nation’s history and said: “The fundamentals of our economy are strong.” That moment not only secured the win for now-President Barack Obama, but it also proved to be a glaring example of how out of touch McCain and the entire Republican Party were when it came to the economy. Now, the Democrats are using that two-year-old statement of McCain’s in a new ad to attack Senate Republicans on their opposition to Wall Street reform.

The new Web ad paints a stark picture of the collapse of our economy, while Republicans twiddled their thumbs. And the message is: nothing much has changed:

“For years Republicans stood by while Wall Street ran wild.” […]

“When the economy collapsed Republicans looked the other way.”

The ad then shows McCain uttering his clueless statements, about how the fundamentals of the economy are strong and there is nothing to worry about.

The ad ends with the tag line: “Now Republicans are working with lobbyists to block reform. Tell Republicans it’s time to reform Wall Street.”

All 41 senate Republicans, led by Minority Leader Mitch McConnell (R-KY) are continuing with their threat to filibuster the financial reform bill when it comes to the floor sometime this week. But in a political game of chicken, Majority Leader Harry Reid (D-NV) and other Democrats are daring Republicans to stage a filibuster, believing they don’t have the votes to pull it off.

Democrats are also hoping the new ad will provide pushback against McConnell’s propaganda campaign, in which he has been repeating the blatant lie that the financial reform bill “institutionalizes” bailouts, when it does just the opposite.



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