A new U.S. Commerce Department report showed the economy contracted by 0.3 percent last quarter, and media reports Friday said it dealt another election blow to the ruling Republican Party.
The New York Times noted that the GDP data comes "less than a week before Americans go to the polls to select a president," offering "no comfort to the Republican nominee, Senator John McCain of Arizona."
It said "economic downturns have proved unkind to the incumbent party in elections."
The Wall Street Journal reports the data handed "Democrats a new political weapon in the days before Tuesday's presidential election."
The news "is a blow to... McCain as well as Republican congressional candidates," it said.
Columnist E.J. Dionne wrote in the Washington Post that "If Obama wins, his election would not simply be a non-ideological verdict against the status quo. It would be a clear repudiation of conservative economic ideas."
Source:Xinhua
|
Comment
Tell A Friend
Print Format
Save Article