Obama may be reaching his goal of destroying the ecomomy.

Obama can't have it both ways...Obama blasted McCain when the markets were over 10k...now the markets are at 6k and everything is alright...hmmmm

White House: Economy Fundamentals Are 'Sound,' Despite Campaign Rhetoric

Obama mocked his opponent, Sen. John McCain, for declaring, 'The fundamentals of our economy are strong,' during the campaign. Now a key adviser seems to agree with McCain. 

Sunday, March 15, 2009 | AP

WASHINGTON -- 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.

Obama's Democratic allies pleaded for patience with an administration hitting the two-month mark this week, while Republicans said the White House's plans ignore small business and the immediate need to fix what ails the economy. 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."

"The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology," she said. "We know that -- that temporarily we're in a mess, right? We've seen huge job loss, we've seen very large falls in GDP. So certainly in the short run we're in a -- in a bad situation."

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. more...