John McCain: We're In A Recession

July 8. 2008

McCain: of course we're in a recession.

Republican nominee for president John McCain stated today that America is in a recession. Shhh don’t tell the president. Wouldn’t want to rouse him from his slumber.

McCain: ‘I Would Imagine We Are’ in a Recession

He was asked on MSNBC’s “Morning Joe” program whether he believed the nation was in a recession, that dreaded “R” term. Rather than repeat his oft-used description that the economy is “slowing,” Mr. McCain said, “I would imagine that technically there’s some question amongst economists about that. The fact is Americans are hurting, they’re hurting badly.”

http://thecaucus.blogs.nytimes.com