I’m gathering, from my reading here and there, that most people don’t know that Herbert Hoover famously declared that the “fundamental business of the country” was sound. (Can it be “famously” if most people don’t know it? Never mind.)
That partly explains why Republicans seem eerily compelled to echo Hoover; they don’t know what it makes them sound like.
From the linked article:
For Hoover as for McCain, the insistence on “sound fundamentals” means that if necessary, the government will throw a life preserver to business leaders; the rest of us are on our own.
I’m no economist (and I’d appreciate any insight from others) but McCain’s comments really do scare me. (They wouldn’t if about half of America didn’t think he should be our next President.)