That's what Phil Gramm, the former Senator (R-Banking Industry) called us. Bush and McCain believe that the foundations of our economy are strong."
Lehman Brothers, a financial firm that dates back to before the Civil War, is now bankrupt. Merril Lynch sold itself to Bank of America in order to stave off a melt-down.
Stock markets in Asia and Europe are taking a beating today and it will be very interesting to see what happens on Wall Street today.
"Having a strong foundation" means that after your house burns down and you've lost all your possessions, at least the cellar hole is dug and the footings are poured for a new house.
A "tough economy" might be one where John McCain only has six houses to live in.
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