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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Princess cake: 'sexy' Swedish dessert has a momentThe Week Recommends The retro layered cake is selling fast in bakeries and hip restaurants around the world
-
Pros and cons of a wealth taxPros and Cons Raising revenue and tackling inequality vs. the risk of capital flight and reduced competitiveness
-
The best film prequels of all timeThe Week Recommends Balancing new information with what the audience already knows is a perilous tightrope
