C.R.E.A.M. - Lehman Brothers and Merrill Lynch

Republican John McCain said today the fundamentals of the U.S. economy are still strong despite the collapse of some of Wall Street's top financial institutions and the tumbling of the stock exchange.

Democrat Barack Obama called the turmoil in the financial markets "a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future and make their mortgage payments."  Read Article Here.

As if we need anymore proof, John McCain does not understand anything having to do with the economy.  As I write this the DOW is down over THREE Hundred Points due to Merrill Lynch acquisition and the Lehman Brothers bankruptcy.  When the market is down this much, how can you really say that it is still strong?