A 158-year-old bank filed for bankruptcy Monday after Bank of America and Barclays pulled out of rescue talks because the U.S. government balked at bailout. By GOP standards 25,000 Lehman employees who now fear for their livelihoods are whiners.
John McCain says in the midst of it all, “the fundamentals of our economy are strong” because American workers are the fundamentals. Empty words for those who find themselves in the unemployment line. McCain falsely equates Obama’s criticism of conservative, unregulated economic policy with criticism of American workers.
Keith Olbermann invites Paul Krugman to weigh in above.
Barack Obama addresses the crisis in Colorado: