This Modern Age

Posts Tagged ‘Chapter 11 Bankruptcy

Electoral College Outlook: What Does Lehman Mean?

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For the foreseeable future, the news cycle is going to be all about the economy – Lehman’s $613 billion Chapter 11 bankruptcy is the top bullet of every newscast this morning. 

On the political side of things, John McCain has been surging but the current economic news could lead many swing voters to take another look at the candidates in light of their proposed economic plans. 

Our hypothesis is that voters tend to more comfortable with Democrats on economic issues these days.  But this is largely driven by job concerns and middle class tax cuts.  Once the economic issues begin to focus more on fiscal and monetary policy, voters confidence in Republicans will increase. 

A recent Fox News poll from 9/8 to 9/9 asked, “Which candidate do you trust more to handle the economy?”  Independents favored John McCain over Barack Obama by 45% to 40%. 

Other telling questions in the Fox News poll that may become more relevant; Which presidential ticket do you think:

  • Has more experience combined?  Independents favored McCain-Palin 57%/25%.
  • Has better judgement combined? Independents favored McCain-Palin 51%/32%.
  • Will bring the right change to Washington? Independents barely favored McCain-Palin 36%/38%.

Of course this poll was conducted before the markets tanked on the open this morning, so the numbers could be very volatile over the upcoming week.  But current conditions may favor the McCain-Palin campain.

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Written by thismodernage

September 15, 2008 at 8:53 am