President Obama now says the economy is "fundamentally strong," and his former presidential adversary, Sen. John McCainJohn Sidney McCainBiden falters in pledge to strengthen US alliances 20 years after 9/11, US foreign policy still struggles for balance What the chaos in Afghanistan can remind us about the importance of protecting democracy at home MORE (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.