As economy worsens, Obama says rivals are behind the curve - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

As economy worsens, Obama says rivals are behind the curve

Associated Press - April 4, 2008 4:53 PM ET

FORT WAYNE, Ind. (AP) - The latest unemployment figures are providing presidential candidates a chance to highlight their differences on the economy.

The Labor Department reported today that unemployment rose to 5.1% last month.

Barack Obama says that's a sign the nation is "sliding into recession." He says John McCain's response is to stand on the sidelines and watch the housing crisis unfold, while Obama's been pushing for action such as a crackdown on predatory lending practices.

Hillary Rodham Clinton also criticized McCain, saying today's jobs report might make the likely Republican nominee "recognize that doing nothing is not an economic strategy in times of urgent need."

McCain says the news "underlines the need to focus on innovation." He says that will help the economy grow and create a need for worker retraining.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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