US economic ‘fundamentals’ strong: McCain
Published: Tuesday, 16 September, 2008, 12:27 AM

JACKSONVILLE: Republican John McCain Monday insisted US economic “fundamentals” were still strong, drawing an immediate rebuke from his White House foe Barack Obama as global stocks plunged.

McCain’s vice presidential nominee Sarah Palin meanwhile warned that “Washington has been asleep at the switch” as both campaigns battled to show they were in touch with the fears of working Americans as the crisis evolved.

The Arizona Senator twinned his remarks with a vow for a major reform drive of financial regulatory systems if he is elected president on November 4.

“There has been tremendous turmoil in our financial markets and Wall Street. People are frightened by these events,” McCain told supporters in the key battleground state of Florida.

“Our economy I think, still, the fundamentals of our economy are strong, but these are very, very difficult times,” Senator McCain said.

“I promise you, we will never put America in this position again. We will clean up Wall Street,” McCain vowed, drawing loud cheers from his supporters.