As gas prices continue to rise and more and more people begin to cry at the pumps, the economy is becoming one of the most important issues in the 2008 according to CNN.com. As you may have heard by now the economy seems to have slipped into a slight recession by which the government has tried to fight with fiscal policy through tax rebates and monetary policy through the Federal Reserve’s aggressive rate cuts. More and more Americans are beginning to take notice of the current housing market crisis and the deficiencies in the financial sectors.
Also, as Americans begin to pay much more at the pumps than they ever have, the fear of inflation is also having a significant effect on the way people are looking at candidates. In a CNN/Opinion Research Corp. poll released Friday, 49% of those polled said that the economy was their number one issue for their vote for President. This topped the war in Iraq by a 30% margin. Only 19% of those polled said that the war in Iraq was their top issue in the 2008 Presidential race. Which economic problems are such a concern for the upcoming race for President? Of those polled, 47% said that inflation was their top choice, 19% said the housing market crisis, 13% said taxes, another 13% said unemployment, and lastly, 5 percent said the stock market.
This is especially interesting because it seems as if people are moving away from the war in Iraq as their number one issue. We know that as people more threatened they become more conservative, and as threat fades that “rally round the flag” effect tends to fade. We also know that economy issues are a Democratic specialty in a sense. It seems as if, just like in the Bush vs. Clinton election of 1992, the economy issues are going to overshadow the war in the Middle East for a second time here in the United States in 2008.
Also, as Americans begin to pay much more at the pumps than they ever have, the fear of inflation is also having a significant effect on the way people are looking at candidates. In a CNN/Opinion Research Corp. poll released Friday, 49% of those polled said that the economy was their number one issue for their vote for President. This topped the war in Iraq by a 30% margin. Only 19% of those polled said that the war in Iraq was their top issue in the 2008 Presidential race. Which economic problems are such a concern for the upcoming race for President? Of those polled, 47% said that inflation was their top choice, 19% said the housing market crisis, 13% said taxes, another 13% said unemployment, and lastly, 5 percent said the stock market.
This is especially interesting because it seems as if people are moving away from the war in Iraq as their number one issue. We know that as people more threatened they become more conservative, and as threat fades that “rally round the flag” effect tends to fade. We also know that economy issues are a Democratic specialty in a sense. It seems as if, just like in the Bush vs. Clinton election of 1992, the economy issues are going to overshadow the war in the Middle East for a second time here in the United States in 2008.
1 comment:
This is nuts. The 'War' and the economy are tied together. A government that spends a trillion dollar on a war and then wonders why their economy is spiraling down the tubes has got to be one confused government.
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