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Obama, McCain react to unemployment rise September 5, 2008

Posted by trouble97018 in Economy, Labor, McCain, News, Obama, Politics.


Posted by Foon Rhee, deputy national political editor September 5, 2008 11:52 AM

The presidential candidates weighed in today on the sobering report that unemployment jumped to 6.1 percent last month as the US economy lost another 84,000 jobs.

Democrat Barack Obama used the news to try to tie Republican rival John McCain to President Bush, while McCain warned about Obama’s tax proposals.

Obama said in a statement: “Today’s jobs report is a reminder of what’s at stake in this election – John McCain showed last night that he is intent on continuing the economic policies that just this year have caused the American economy to lose 605,000 jobs. John McCain may believe that the fundamentals of our economy are ‘strong,’ but the working men and women I meet every day are working harder for less, the typical working age family’s income is down $2,000 since George Bush took office, and their purchasing power is as low as it’s been in a decade. John McCain’s answer is more of the same: $200 billion in tax cuts to big corporations and oil companies, and not one dime of tax relief to more than 100 million middle-class families. If I am President, I will cut taxes for 95% of all working families and provide an immediate $50 billion to struggling states so that they don’t have to cut back on health care and education and can rebuild roads and schools. That’s the change working families need right now.” Source Article



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