Both U.S. presidential candidates John McCain and Barack Obama released statements Friday morning reacting to the latest employment report showing that 159,000 jobs were lost in September, the biggest monthly decline in five years.
"Our nation's economy is on the wrong track," McCain said.
"It is imperative that Congress act to address the financial crisis while protecting taxpayers and being good stewards of their dollars. But we must do more," he noted.
"Unlike Senator Obama, I do not believe we will create one single American job by increasing taxes, going on a massive spending binge, and closing off markets. Our nation cannot afford Senator Obama's higher taxes," McCain added.
Obama focused his statement on attacking McCain's economic policy.
"With three-quarters of a million jobs lost this year, and millions of families struggling to pay the bills and stay in their homes, this country can't afford Senator McCain's plan to give America four more years of the same policies that have devastated our middle-class and our economy for the last eight," he said.
"Instead of Senator McCain's plan to give tax breaks to CEOs and companies that ship jobs overseas, I will rebuild the middle-class and create millions of new jobs by investing in infrastructure and renewable energy that will reduce our dependence on oil from the Middle East," said Obama.
"I also call on Congress to pass an immediate rescue plan for our middle-class that will provide tax relief, save 1 million jobs, and save our local communities from harmful budget cuts and painful tax increases," he added.
In the wake of the financial turmoil on the Wall Street, Obama has expanded his leading edge in both national polls and key battleground states.
Source: Xinhua
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