Obama gets pass from McCain for strong economy comment

President Obama now says the economy is "fundamentally strong," and his former presidential adversary, Sen. John McCain (R-Ariz.), is glad Obama finally agrees.

McCain was hammered during the campaign for saying the "fundamentals of our economy are strong" amidst a market that was tanking and numerous bailouts of financial services companies.

"I think we're in agreement," McCain said Sunday morning on Meet the Press. "I think what the president's saying now is needed to be said."

"We still have the fundamentals of a very strong economy, and some confidence is needed," he added.

"Life isn't fair, we all know that," McCain explained when pressed by host David Gregory on Obama's having promoted the economy after having blasted McCain for saying largely the same thing.