The economy is fundamentally sound despite the temporary "mess" it's in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate. ....Hat tip: Powerline.
After weeks projecting a dismal outlook on the economy, administration officials—led by the president himself in recent days—swung their rhetoric toward optimism in what became Wall Street's best stretch since November.
During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, "The fundamentals of our economy are strong." Obama's team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.
But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC's "Meet the Press" if the fundamentals of the economy were sound, she replied: "Of course they are sound." ....
Just a week ago, White House Office of Management and Budget director Peter Orszag declared that "fundamentally, the economy is weak." Days later, Obama told reporters he was confident in the economy.
Sunday, March 15, 2009
Obama adopts McCain's economic message
This flip-flop is so obvious that even the AP reports on it: