If you like this, McCain will gladly provide more of the same.
The U.S. economy shrank at a 0.3 percent annual rate in the third quarter, its sharpest contraction in seven years as consumers cut spending and businesses reduced investment in the face of rising fears that recession was setting in.
Meanwhile, a separate report showed jobless claims were unchanged, staying at levels that signal a weak jobs market as the credit crisis hits hiring.
The Commerce Department said the third-quarter contraction in gross domestic product was the steepest since the corresponding quarter in 2001 though it was slightly less than the 0.5 percent rate of reduction that Wall Street economists surveyed by Reuters had forecast.
