recession

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(Via msnbc.com.)

John McCain says he believes it’s a recession.

Speaking at The Associated Press annual meeting in Washington today, McCain said economists may have a technical definition of a recession, but from his perspective the important factor is “that Americans are hurting.”

He also said Barack Obama’s comments that some small-town voters are bitter over their economic situation were “elitist.” He said those are the same people whose children are overseas defending the nation.

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