Last week was full of bad economic news, said David Yepsen in the Des Moines Register, but there was a silver lining for Barack Obama. Hard times tend to help Democratic candidates at the polls. John McCain is reinventing himself as a “born-again, pro-regulation populist” to counter that effect, but he didn’t help his cause by saying the “economic fundamentals were sound.”
McCain won the “sound-bite war” by railing against greed and corruption on Wall Street, said Albert R. Hunt in Bloomberg. But Obama showed a steadier hand through his choice of economic advisers. McCain called former Hewlett-Packard CEO Carly Fiorina, while Obama consulted with former Federal Reserve Chairman Paul Volcker and former Treasury secretaries Robert Rubin and Larry Summers.
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