Feature

Does the economy help Obama?

How voters will react to the Wall Street crisis

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.

The so-called experts say the economic crisis works in Obama’s favor, said Michael Barone in National Review Online, but polls suggest the “old rule that economic distress moves voters to Democrats” doesn’t apply this time around. People understand that higher taxes under Obama “will hurt the economy,” and the little guy.

Recommended

Biden gets thumbs up from Macron
Emmanuel Macron, Joe Biden.
welcome back

Biden gets thumbs up from Macron

China's U.K. embassy scoffs at G7
Angela Merkel, Joe Biden, Jake Sullivan, Jan Hecker.
those days are over

China's U.K. embassy scoffs at G7

10 things you need to know today: June 12, 2021
G7 leaders.
Daily briefing

10 things you need to know today: June 12, 2021

Biden has 'every intention' of discussing Alexei Navalny during meeting with Putin
Alexei Navalny.
Biden's trip abroad

Biden has 'every intention' of discussing Alexei Navalny during meeting with Putin

Most Popular

7 toons about the Dems' Joe Manchin problem
Political Cartoon.
Feature

7 toons about the Dems' Joe Manchin problem

10 things you need to know today: June 11, 2021
Biden and Boris at G7
Daily briefing

10 things you need to know today: June 11, 2021

Texas governor claims Texas will build its own border wall
Greg Abbott
Abbott's Wall

Texas governor claims Texas will build its own border wall