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McCain finally admits U.S. economy is in a recession.

During today’s Associated Press annual meeting, the moderator asked Sen. John McCain (R-AZ), “Are we in a recession?” McCain finally admitted, “I certainly think so,” but then tried to moderate his comment by adding, that the word “recession” is “really kind of a technical term used by people who are economists and make these kinds of judgment.” Watch it:

[flv http://video.thinkprogress.org/2008/04/mccainrecession04452.320.240.flv]

This admission is a drastic change for McCain. As Bill Scher at the Campaign for America’s Future notes, on Jan. 10, McCain said, “I don’t believe we’re headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong.”

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