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The Politics Of Crisis
ByMarc makes a good point about the Wall Street meltdown:
Both McCain and Obama have to strike a balance between acknowledging the crisis and using their authority to convince Americans not to run on their banks and head for the hills. That's what McCain was doing this morning when he said the "fundamentals" of the economy are strong; Obama will strike a different balance.
Given McCain's record of appearing aloof to most people's economic problems, he'd better tread carefully. Call me crazy (and they do) but it strikes me that the incumbent party is not likely to do that well when it is presiding over a financial collapse. Unless people are voting entirely on cultural identity. In which case: death to elitists who know something about economics!
