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Analysis: Economic Crisis Puts Candidates To Test September 15, 2008

Posted by trouble97018 in Economy, McCain, News, Obama, Politics.
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Washington Post/The Fix

By Chris Cillizza |  September 15, 2008; 12:30 PM ET

The weekend collapse of Lehman Brothers and takeover of Merrill Lynch coupled with the plummeting stock market this morning has created a full-blown economic crisis with profound political implications.

After weeks of petty bickering between the two parties, the financial crisis has the ability to fundamentally reshape the playing field of the presidential race as both Democrat Barack Obama and Republican John McCain seek to deal with the new realities presented by the events of the last 96 hours. The truth is that neither candidate has done a sterling job until now of providing leadership on the issue or laying out a compelling, coherent economic plan. So both have a lot to gain or lose in the way they respond to the latest crisis, with less than two months before the election.

“It’s 3 a.m. on Wall Street,” wrote Howard Wolfson, former communications director for Hillary Rodham Clinton‘s presidential campaign, on his “Gotham Acme” blog. “Will either candidate offer an explanation of the problem and a plan to fix it that will reassure voters and break through the din?”  Source Article

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