October 30th, 2008
09:05 AM ET
6 years ago

McCain, Obama react to tough economic news

 The candidates reacted this morning to tough news about the economy.
The candidates reacted this morning to tough news about the economy.

(CNN) – Both presidential campaigns reacted Thursday morning to news the nation's economy slammed into reverse in the third quarter and suffered the biggest decline in seven years.

The gross domestic product, the broadest measure of the nation's economy, fell at an annual rate of 0.3 percent in the period, according to a government report Thursday. That compared with a 2.8 percent growth rate in the second quarter, when economic stimulus checks and strong exports resulted in solid growth that vanished in the latest reading.

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Filed under: Candidate Barack Obama • John McCain
soundoff (201 Responses)
  1. Tony in Mocksville NC

    My little piece of pie has taken a big hit due to this economic downturn and I don't have any intention of voting for anyone who had anything to do with the policies that got us into this mess. Period.

    October 30, 2008 11:28 am at 11:28 am |
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