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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (44481)	9/4/2008 1:19:04 PM
From: puborectalis	Read Replies (1) \| Respond to of 224708

Employment blues weighed on the Street Thursday as investors digested sobering reports on the economy. The Labor Department said weekly unemployment claims jumped to 444,000 last week, while ADP's employment survey revealed that the private sector lost 33,000 jobs in August. That does not bode well for the nonfarm payrolls report due on Friday ' McCain said: “I don’t believe we’re headed into a recession,” he said, “I believe the fundamentals of this economy are strong and I believe they will remain strong.” In the course of seven days, McCain appears to have reversed course, offering his own stimulus package: “The fact is we have some tough times ahead,” McCain told supporters in Columbia. But he said the U.S. economy will rebound. “We will get through this rough patch,” he said.