Obama’s Lead Grows as Economy Falters
This week's Wall Street meltdown could have been just what the doctor ordered for an ailing Barack Obama campaign.
After losing serious ground to Republican John McCain, Obama is now listed back up to -152 odds at Bookmaker.com. Heading into this week, the two candidates were dead even while prediction markets and polls gave McCain a slight edge.
McCain took a hit along with Wall Street it seems.
On Monday morning, as the financial system absorbed one of its biggest shocks in generations, Senator John McCain said that he believed the fundamentals of the economy were "strong."
John McCain struck a tough, quasi-populist pose this morning during his morning sweep of the television news shows. Speaking to NBC's Matt Lauer about the current crisis on Wall Street, the Republican nominee said executives have "treated it like a casino and need to be held accountable and stop walking away with these fat-cat packages." Yet strong ties have been made between Wall Street and some of McCain's advisors.
While fewer parallels are being drawn between Barack Obama and Wall Street, Bloomberg reported securities and investment companies have collectively donated millions to both Presidential candidates.
