Thursday 25 September 2008

Financial crisis and the US election


In 40 days from now the US presidential election will take place, where the democratic canditate, Barack Obama, will face the republican canditate, John Mc Cain. How is the current financial crisis influencing this? How are the two candidates dealing with it. Are they using the financial crisis to promote themselves in the eyes of US population?

A few days ago, Barack Obama announced during a meeting "the crisis sweeping Lehman Brothers and others Wall Street firms posed a major threat to the US economy and underscored the need to modernize the financial system". The democratic canditate thinks himself to be the right person to take up the challenge concerning the issues of this important financial crisis. Following a poll made by CNN, 53% of americans think Obama being able to deal with the current crisis and 39% see Mc Cain in this role.


Indirectly, we can say that the financial crisis influence the US election indeed 47% of americans attribute the crisis to republicans. Mc Cain lays the responsability for this crisis at the finishing presidential's door. The two canditates know that the winner of this race to the white house will be the one able to convince the US population of his ability to solve it.


Thus, John Mc Cain, on wednesday decided to suspend his campaign to focus on the financial crisis! Barack Obama decided to continue his campaign and rejected to debate with the repubican accusing him to use the financial crisis as a politic issue!


I think that Obama as Mc Cain are aware of this opportunity which represents the financial crisis for winning the people trust and approval. However Obama seems to be advantaged due to the going out government juged responsible for the current situation!

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