The Wreckage of Wall Street and Barack Obama's Big Opportunity
Various and sundry authors have taken various and sundry positions on whether the Wall Street wreckage of this week benefits the Obama or McCain camp more. My opinion is: We don't know yet. We won't even have much of a serious clue until the three-day rolling presidential tracking polls have several days of history behind them.
The stereotypical view is that since Obama has spent more time blaring his "change" theme and certainly more time and energy bashing today's obviously weak economy, while McCain has talked about the economy's apparently now nonexistent "strong fundamentals," Americans would buy more heavily into the Obama Zeitgeist than into the McCain mantra.Today's Rasmussen robo-poll does show McCain slipping a mite, now leading, 48 to 47. Today's Gallup presidential tracking poll shows McCain steady at 47 percent, but Obama up an inconsequential point to 46 percent.
But I'd like to point you to an article on Politico.com posted an absolutely ancient 24 hours ago that tried to explain McCain's surge in recent polls. The article cites "5 reasons why McCain has pulled ahead" (kind of like those annoying women's magazines articles that list "7 ways to ditch your loser boyfriend" or "10 ways to lose 10 pounds.") One of the reasons is that Obama is losing his edge with voters as the preferred candidate to right the economy.
As the article notes: "When Democracy Corps asked voters last week which candidate would 'do a better job' with the economy,' Obama had a 50 to 44 percent advantage—down from a 16-point edge in mid-August."
Well, all I can say is, if after a reeling 500-point drop in the stock market, Obama can't turn that sucker into a home run, he better pack up and go home.
Tags: presidential election 2008 | Barack Obama | Wall Street | stock market
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McCain-Obama
I can vouch for the fact that Bush cut taxes for more than just the rich. I was paying taxes on a very small income. It was a hardhip and brought tears each year when tax day rolled around
Since Bush became president, I haven't paid one dime.
I will be voting for McCain. He has much more experience-He is interested in defending our nation and keeping us safe.- And more importantly, I don't have to wonder whether or not he loves his country. He has spent a lifetime surrounded by patriots and has put his life on the line for freedom. Not so with Obama; he has spent a lifetime surrounded by anti-Americns and has hobnobbed with terrorists. His love for America is questionable
McCain showing signs of dementia?
john mc is a very confused old man.....have you been noticing how often he is slipping up the last days? He cannot afford to make mistakes such as implying Spain's Prime Minister is a rogue and an enemey of the US!!! Nice going McCain, for proving to us what we already knew, you are not ONL:Y OUT OF TOUCH WITH AMERICA AND OUR CITIZENS, YOU ARE ALSO OUT OF TOUCH WITH THE REST OF THE WORLD!! McCain, you do not know that Pakistan borders Afghanistan and NOT Iraq; you believe Chechoslovakia is still in existance when, in fact it split into two countries - The Chech Republic and Slovakia! You do not know which factions are which in Iraq; you believe "the fundamentals of our economy are strong, VERY strong" when in fact the economy is very sad shape and the money institutions are collapsing like dominoes. and much, much, much, much more. Fellow Americans, McCain has some very serious 'brain" issues which we MUST NOT TAKE LIGHTLY!! He is a threat to our country, much more so than Bush has already been! THINK! THINK! THINK!!
Very few voters seem to think deeply about their choices. What is it that qualifies either candidate for office? What qualities, what beliefs, indicate depth and direction of leadership for either of these two top picks?
McCain seems to be drawn toward party lines. That, in itself and given prior experiences, may be disastrous if we have to endure similar problems for the next four years.
Obama seems to offer an opportunity to move our stewardship in a different direction perhaps like Roosevelt did some 60-70 years ago.
Given the manner in which big business has failed, both financially and as a mentor for individuals, it may be the moment in which the government must step in to right the economy by spreading wages among the currently unemployed via use of specialized segments similar to the old "make work" programs(ie: TVA, etc.) which stabilized our country's economy and allowed the nostalgic growth of the 50's.
I've no particular choice here but had I to pick, I'd prefer someone who's ideas allowed for expansion in directions which might be beneficial to our country as well as the individuals who are the essence of our economy. I'm pretty sure that if a Republican candidate is elected to the office of President of the United States that very little will change with respect to the role of the middle and lower economic classes of the U.S.
Remember, if you make less than 3 million dollars that you are falling behind, according to a man who doesn't even know how many homes he owns. Must be nice but for me, I just hope that I have enough money for food at the end of the month.
Voting for people who don't know the price of a loaf of bread is an exercise in futility. Stop hoping that by voting for the moneyed crowd that somehow you'll benefit. If you haven't become one of the multi-million dollar middle class in the last 8 years then the writing is on the wall. IT AIN'T GONNA HAPPEN.
Use your head and vote for (possible) change versus the Old Guard. I am.
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