About UPI  |  UPI en Español   |   My Account
Free News Update:
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
    • Baseball
    • Football
    • Golf
    • Olympics 2008
    • Tennis
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Media
    • Video
    • News Photos
  • Features
    • The Voice of Young Voters
    • Path to the Presidency
    • Energy
    • Beijing Olympics 2008
Search:
Go
You are here:  Home / Top News / McCain: Recession under way

Top News

View archive | RSS Feed

McCain: Recession under way

Published: April 14, 2008 at 2:32 PM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment
Republican presidential candidate Sen. John McCain speaks at the Newspaper Association of America Capital Conference in Washington, Monday, April 14, 2008.  McCain said he would support a federal law to shield reporters.   (UPI Photo/Kamenko Pajic)
Republican presidential candidate Sen. John McCain speaks at the Newspaper Association of America Capital Conference in Washington, Monday, April 14, 2008. McCain said he would support a federal law to shield reporters. (UPI Photo/Kamenko Pajic)

WASHINGTON, April 14 (UPI) -- Presumptive Republican presidential nominee John McCain said Monday the United States economy is in recession and there's "plenty of … blame to go around."

At a forum in Washington, McCain said Americans are worried about their jobs and their mortgages, and something must be done to help them, the Capitol Hill newspaper The Hill reported.

"I think that there's plenty of that blame to go around, including very greedy people that happen to be in Wall Street today ... like the CEO (chief executive officer) of Bear Stearns (NYSE:BSC), who decided the day before he was bailed out by the federal government to cash in millions of dollars worth of stock," McCain said.

McCain said he also blames President Bush and Congress, and called for Wall Street to be held more accountable.

RATE THIS ARTICLE
    Poor    1    2    3    4    5  Excellent    
Feedback


© 2008 United Press International, Inc. All Rights Reserved.
Have an opinion? Leave a comment. No Registration Required.
News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Archives
Olympics 2008
Path to the Presidency
Additional News Stories
Top News
  • Report: Woman marries man who hid her
  • Vicar accused of threatening herself
  • Judge allows laptops for Gitmo detainees
  • Overnight winds expected on LA fire lines
  • High courts won't block Ohio execution
Business News
  • Pre-sale orders for Android phone take off
  • Crude oil prices climb on financial news
  • Boeing machinists strike talks fall apart
  • Apple finds mobile phone pack on its tail
  • Starbucks to try three-point holiday plan
Entertainment News
  • 'Paper Planes' singer M.I.A. pregnant
  • T.I. a little anxious about jail stay
  • Moore: I wanted to play villain, not 007
  • Star Jones calls 'View' co-hosts 'hateful'
  • UPI NewsTrack Entertainment News
Health News
  • Pectin appears to cut cancer risk
  • 1 in 7 men have genetic risk of balding
  • Blood pressure drug helps reduce plaque
  • Pediatricians up vitamin D recommendations
  • Eating green helps planet and waistlines
UPI Features - The Voice of Young Voters
Most Popular
Stories
Photos
Videos
People
1.
Report: Woman marries man who hid her
2.
Iran recasts report on U.S. jet
3.
Ukraine leader dissolves parliament
4.
40 hurt when Qantas plane forced to land
5.
Vicar accused of threatening herself
Related Top News
Related Top News
  • Republican anger bubbles up at McCain rally
  • McCain plan would buy bad homeowner mortgages
  • National Rifle Association endorses McCain
  • Probe accuses Palin of abuse of power
  • Obama opens double-digit lead as Palin under fire
  • Fearing the Worst, Republican Officials Hope for Stability From McCain
  • From "The One" to "That One": McCain remark irks
  • Top McCain official raises Obama's past drug use
  • McCain vows to whip Obama's 'you know what'
  • McCain TV ad raises Obama's links to ex-radical




Videos
Enlarge Video
Reaction: Does peace have a prize?
Reaction: Does peace have a prize?
Friday, October 10
From Wall Street to a Maryland Main Street
From Wall Street to a Maryland Main Street
Friday, October 10
Debate #2: The economy
Debate #2: The economy
Friday, October 10
Economics vs. foreign policy in the media
Economics vs. foreign policy in the media
Thursday, October 9
© 2008 United Press International, Inc. All Rights Reserved. Official Government Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us

Sponsored Links: Auto Dealers - College Football Tickets - Fundraisers - Press Release Services - prom dresses - Prom dresses and gowns - Public Records - Wedding and Honeymoon Experts - Motivational Sports Speakers Bureau