Rice: U.S. economy is ‘big and strong.’
Rice: U.S. economy is ‘big and strong.’
Last month, well after several of Wall Street’s financial institutions had collapsed, Secretary of State Condoleezza Rice curiously claimed that “the fundamentals of the U.S. economy are strong.” In an interview with BBC yesterday, Rice again made the same argument, saying that the economy is “big and strong”:
RICE: But while the U.S. economy has slowed, it is still an innovative economy, a creative economy, the economy in which still more than one in every 10 patents in the world are done in a very small area in California. This is a big and strong economy. And I doubt very seriously that it’s going to be supplanted by any other economy in the world for a long, long time to come.
“[T]he nation is in recession. The recession is coast to coast,” said Mark Zandi of Moody’s Economy.com today, noting that 27 states are in recession and another 14 are near recession.
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Big? Yes.
Strong? Potentially. And historically.
Supplanted by any other economy in the world? Um…she might want to look at China. Or India. Or even the European Union, which is also having its problems, but the Europeans are aggressively working to fix them.
Our big, strong economy is currently in the ER and headed for life support if the Bush economic policies continue. Condi (like the rest of the Bushbots) just looks like a fool when she pretends otherwise.
October 21st, 2008 at 9:52 amshe is you not good at Foreign policy………and she is not a good economist either!Keep drinkin the kool-aide!
October 21st, 2008 at 9:53 amOh no not Rice too! What planet do these fools live on?!?
October 21st, 2008 at 9:54 amRepeating that lie while wearing yur $500 leather shoes really makes it so much more believable…
Sheesh, they really do think we are that stupid.
October 21st, 2008 at 9:55 amok, now i’m worried.
October 21st, 2008 at 9:55 amoops, she is not good at foreign policy……. is how it should read, no coffe yet.
October 21st, 2008 at 9:55 amShorter Condi: Let them buy shoes!!
October 21st, 2008 at 9:56 amI do think that it is possible to be honest about the current recessionary weakness but still recognize that the U.S. economy is more than capable of recovering and growing once again. I don’t agree with much of anything that Rice says but I have to give her a pass on this one. We do need to remember that, whatever challenge we currently face, we have the capacity to move through and out of it.
October 21st, 2008 at 9:58 amI will always be confounded as to how this woman got a Ph.D. But she sure didn’t get it in economics!
October 21st, 2008 at 10:00 amtom Says: We do need to remember that, whatever challenge we currently face, we have the capacity to move through and out of it.
Unfortunately, it’s the incompetent leadership who got us into this mess in the first place that concerns me…
The fall of Democracies has come at the hand of tyranny.
October 21st, 2008 at 10:00 amWhat can she say? We’ve fu*ked it up for 8 years and it hasn’t collapsed completely must be pretty tough. Bushies would be wise to lie low and hope we forget their varies roles in this last 8 years because with change will come retribution
October 21st, 2008 at 10:03 amWhat is she doing in that picture? Demonstrating the hula for Barbara Bush?
October 21st, 2008 at 10:03 amDo she and Sarah Palin get their talking points from the same vending machine??
These people are CLUELESS!
October 21st, 2008 at 10:05 amWon’t it be WONDERFUL when she’s receeded into obscurity?
Come on, JANUARY! It is time to say, “Bye-eee” to these awful people.
October 21st, 2008 at 10:05 amI don’t know, I thought it looked like she was showing her nails to the old hag. ‘See, I haven’t had to do a lick of work in over eight years’.
October 21st, 2008 at 10:06 amstewarjt Says: I will always be confounded as to how this woman got a Ph.D. But she sure didn’t get it in economics!
I have a friend whose husband has his phD in finance from one of the Ivys. He teaches Finance at a major university, and is considered quite an expert in his field. However, he is so bad at managing his own finances that they are $80,000 in debt.
Education without any life experience is often dangerous – especially in the hands of Conservatives.
October 21st, 2008 at 10:06 amJeez, I’d forgotten about Rice!
October 21st, 2008 at 10:11 amdoes big and strong mean a $7 BILLION california state deficit is a good thing?
October 21st, 2008 at 10:14 amGot irrelevance?
October 21st, 2008 at 10:18 amAfter reading the transcript of the whole interview, I’d say that Condi is being quoted a bit out of context above. She did acknowledge the financial crisis, even though she didn’t say anything about how it got to be a crisis in the first place. The quote above was what she said after her remarks about the current state of the economy — kind of in a “all is not lost, there are some good aspects of our economy that will help us” context.
However, after reading the entire interview, I am a bit concerned about her confidence in our economy merely because it’s the biggest in the world. Assuming that it can’t lose its dominance to any other economy just because of its size is hubris. And hubris was Rome’s downfall.
October 21st, 2008 at 10:19 amShe doesn’t know anyone affected negatively by the economy in her circle, and she’s sure not affected and won’t be. So there must be no recession. OK, I got it.
You might find it interesting to look into how she did get her PhD and also how she advanced in the Stanford faculty hierarchy.
October 21st, 2008 at 10:20 amRice is merely a side dish in the big party’s banquet..Soon the table will be cleared and reset for the public’s bufett…We won’t be feeding just the rich any more..Blessings
October 21st, 2008 at 10:21 amgot your point adolf, keep delivering that hate.
October 21st, 2008 at 10:22 amIMO the Bushco will keep on hammering this lie until the election. THEN whoever wins will have to face the public with the truth (I’m guessing most of us already know.
I’ve never seen so many people able to look at the camera and say such bold-faced lies about everything from economy and the war (I think we are still in Iraq?) and they still have people who believe them.
October 21st, 2008 at 10:23 am“one in every 10 patents in the world are done (???) in a very small area in California.”
The electric girdle and the ‘pet rock’ were patented. Edison patented DC household electrical supply, and what do we all use? AC.
October 21st, 2008 at 10:26 amThe filing of patents is no indicator of economic strength.
The “Big Lie” has never been bigger, nor lierer than under the Cheney-Bush-Rice-Gonzales-Rumsfeld spin government!
October 21st, 2008 at 10:28 ammisshusseinmolly Says @ 13:
What is she doing in that picture? Demonstrating the hula for Barbara Bush?
Hmm..Perhaps the Hand Jive.
No…it’s the Macarena!
October 21st, 2008 at 10:30 amHmm..Perhaps the Hand Jive.
Looks more like she’s waiting for some handcuffs, which would be apropos.
October 21st, 2008 at 10:36 amBut didn’t the Bush WH 6 months ago tell us how strong the economy is ?
October 21st, 2008 at 10:39 amLet’s See:
-Expert in National Security (Hmmm…)
-Expert Diplomat (Not so much)
-Expert in Economy?
So, three strikes!
October 21st, 2008 at 10:40 amOoooh, that’s a big, strong, MANLY economy! Yeah, you’re gettin’ Condi all worked up, baby! OOoooh yeah.
October 21st, 2008 at 10:43 amNettles Says:
Got your point, Chicken Little.
Keep selling that fear.
Noted. I’ll get back to your reality of fearing a presidential candidate to be a traitor to his country, a terrorist, or that being a muslim is a bad.
Economic data = fear
Basing the health of the economy on personal fortune, gained on connections = reliable economic data.
Measuring the frequency of personal shoe shopping also helps.
Idiot.
October 21st, 2008 at 10:49 amNettles Says:
Got your point, Chicken Little.
Keep selling that fear.
October 21st, 2008 at 10:02 am
_______
What’s wrong with selling fear? Conservatives have been making a handy profit from it since 2001.
October 21st, 2008 at 10:50 amJust like here hero, George W Bush.
October 21st, 2008 at 10:50 am5th Estate Says:
The electric girdle and the ‘pet rock’ were patented.
October 21st, 2008 at 10:26 am
_______
So was the practice of using a laser pointer to exercise a cat. I shit you not.
October 21st, 2008 at 11:01 amGet over yourselves, the American economy is big and strong. Do we need to jump all over every line that can be slightly contradicted?
October 21st, 2008 at 11:33 amLet’s have Paulson and Rice swap their Departments. Rice becomes Secretary of Treasury and Paulson Secretary of State. It’d be fun for them and pad their resume. They couldn’t do any worse a job in any case.
October 21st, 2008 at 11:33 amNettles Says:
You have a typical republican disconnect between what you imagine and reality.
In case you haven’t noticed, mccain and bush are not very well liked. Most Americans have soundly rejected them and it is their fear and hate mongering that has caused that.
You are just a leftover from the dark period of America, soon to be a distant memory.
When you speak such nonsense in the future you will be laughed at…..I laugh at you now.
October 21st, 2008 at 11:37 amYou also seem to have a typical republican disconnect between what you imagine and reality.
October 21st, 2008 at 11:39 amAs I’ve said before, fear-selling won Al Gore an Academy Award.
And how many lives were lost? And how many foreclosures did he cause? etc….
An inconvenient truth for you Nettles.
October 21st, 2008 at 11:45 amcasperghost Says:
Get over yourselves, the American economy is big and strong. Do we need to jump all over every line that can be slightly contradicted?
A Ph.D. and former provost of Stanford, and all she has for us is “big and strong”? Let me add it’s wed and gween and puhple and blue and flowida is the wanker and the massachewsits is the ahmpit.
Must suck to be you, superficial twat. I think it’s a bad time to get over ourselves when we’re going further into the political majority. We’re working on getting over you.
October 21st, 2008 at 11:48 amNettles Says:
As I’ve said before, fear-selling won Al Gore an Academy Award.
October 21st, 2008 at 11:27 am
______
Explain how Gore’s movie “sold fear,” unless you mean the typically conservative fear of science.
And as it turns out, An Inconvenient Truth may not have been inconvenient enough. The rate of climate change appears to be far outpacing the IPCC’s projections.
Care to comment?
October 21st, 2008 at 12:04 pmnettles says:
As I’ve said before, fear-selling won Al Gore an Academy Award
Wait a minute! Al Gore showed FACTS that are proven by scientists and that IS NOT fear mongering. If I remember the documentary was showing what IS happening and what we must do to change things. Bushco tells lies and demands that we believe it because “I said so” What BS nettles
October 21st, 2008 at 12:04 pmCondi has been slipping into the koolaide cabinet a bit too much.
How Freeking out of touch can someone be?
Oh…. I see the trolls are trying to outdo her today.
“Teh Stoopid” is strong with these trolls today.
October 21st, 2008 at 12:23 pmAs long as Secretary Rice has cash in her pocket, and DSW Shoes keeps pushing shoes to their clearance rooms at the back of the store—in her world—the economy is “…big and strong.”
If she is looking for a hyper-economic competitor, maybe she should glance over her shoulder at China. Just at thought…
October 21st, 2008 at 2:29 pmOK Bush WH – you’re clearly trying to get me to keep my money in stocks by consistently releasing statements on the strength of the economy.
Can I trust you neocons to put your money where your mouth is ? Namely, if I loose money in the market, will you reimburse me ?
October 21st, 2008 at 2:50 pmAnd you, SOS Rice, are small and dumb.
October 21st, 2008 at 3:23 pmCNN’s Lou Dobbs said yesterday, Oct. 21, that we will not have a recession. Yesterday!
October 21st, 2008 at 4:19 pmI’ll give her a pass on this one. She seems to be talking about the U.S. economy relative to the rest of the world. As opposed to the current U.S. economy relative to past or future economic conditions. And, you know, the part leading up to it pretty much makes the case that the U.S. would be one of the “strongest” economies in the world at any level. So that makes sense, sort of.
October 21st, 2008 at 8:14 pmCondi needs to stick to her area of expertise which is Foreign Policy. Oh…wait a minute…
October 21st, 2008 at 8:53 pm.
Con-da-lies…
… Big and strong?
Sort of like…
… “MUSHROOM CLOUDS” “SMOKING GUNS” “IMMINENT THREATS”
Repetition is ALWAYS the key to dupe a Nation…
… Mussolini taught his Fascist pals well, NO?
.
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