Author Topic: What if Obama Loses?  (Read 2211 times)

Colossus_500

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What if Obama Loses?
« on: September 19, 2008, 07:26:15 AM »
What if Obama Loses?
September 15, 2008 - by Richard Miniter
pajamasmedia.com

Even a few weeks ago, that question would have been a punchline. Now it is a legitimate inquiry. In our 50-50 nation, the election could go either way.

[1] The always interesting Russ Smith predicts that some Democratic activists would cry “vote fraud” and decry “Swift Boat-style” ads–and, of course, attack the fly-over sections of the country for their boneheadedness. Of course. Any political party dominated by lawyers is constitutionally unable to avoid being sore losers.

But the most interesting aspect of Smith’s analysis looks back at the shock among Democratic shock troops when Sen. Kerry  lost in 2004. Smith writes:

Today, John Kerry is mostly a pariah in Democratic circles, seen as an effete and cautious campaigner who couldn’t even beat the laughable George Bush. Yet people, and the media, forget how shocked his supporters were four Novembers ago, so certain that Bush’s Supreme Court “selection” in 2000 would be overturned.

An article in The New York Times shortly after the election described the utter devastation felt by New York City residents, who gave Kerry 75 percent of their votes. Dr. Joseph Zito, a retired psychiatrist, told the reporter, “I’m saddened by what I feel is the obtuseness and shortsightedness of a good part of the country—the heartland… New Yorkers are more sophisticated and at a level of consciousness where we realized we have to think of globalization, of one mankind, that what’s going to injure masses of people is not good for us.” A friend of Zito’s, a native of Wisconsin, added, “New Yorkers are savvy. We have street smarts. Whereas people in the Midwest are more influenced by what their friends say.”

But who says New Yorkers are elitists?

A Beverly Hills psychologist, Cathy Quinn, told a Los Angeles Times reporter—also days after the Kerry defeat—that she’d seen an increase in the number of patients, who were suffering from “despair.” Quinn predicted to the Times’ Melissa Healy that the “postelection” blues would worsen the emotional health of people already plagued by feelings of loss, anxiety and depression.

Obama is much more than Kerry could ever be. Obama’s biography is straight out of a Democratic dream factory; his being touches and excites every element of the vast and varied Democratic party coalition. He and his wife are activist lawyers; he is connected to both the 1960s radicals (Ayers et al) and the Daley Democrats who beat them up in 1968 (Michelle’s father was a Daley ward heeler). Obama is not only an environmentalist-surfer from Hawaii, but he is a better public speaker than [2] Keanau Reeves. He is an author-intellectual yet he can emote. He is telegenic and fit, yet has one perfect flaw: he is struggling in his fight against cigarettes. He has no problem with his wife earning more than he does while he decries the fact that, on average, women earn less than men in the some positions. He is Christian, but not born-again. And so on. He is an absolutely perfect incarnation of the liberal dream.

If Obama is rejected by voters, liberal activists will face a difficult moment. Mondale, Dukakis, Gore, Kerry, sure. There was something wrong with them. A failure to connect. A remoteness. A coldness felt in some feathers of the left wing. Bill Clinton was an electoral success, but something about him didn’t sit right. The drama. The southerness. The welfare reform. The zaftig valley girl. Activists can understand why voters might have punished Hillary for the sins of Bill.

But Obama? He is perfect.

A rejection of Obama can only mean one of two things: a rejection of the 1960s formulation of liberalism (the current formulation, alas) or that America is deeply racist. Too many of them will go for the second hypotheses.

Too many think that elections turn on identities, not ideas.

If Obama loses–and it is still a big ‘if’–too many liberals will fail to heed the message that voters have been sending them since 1981. Seventy percent of the country is tired of 1960s liberalism. Indeed many find the hippie vision frightening: A country too ashamed of itself to fight its enemies, too unsure of itself to praise its own history,govern its children or corral its criminals,and too resentful of the rich to allow the economy to make more of them.

And I predict that, if Obama loses, liberals won’t ask the key question: If, instead, we had tried 1990s Clinton-DLC liberalism, would it have worked?

Article printed from Richard Miniter.com: http://pajamasmedia.com/richardminiter

URL to article: http://pajamasmedia.com/richardminiter/2008/09/15/what-if-obama-loses/

URLs in this post:
[1] The always interesting Russ Smith: http://www.splicetoday.com/politics-and-media/the-audacity-of-defeat
[2] Keanau Reeves: http://www.moviesonline.ca/movienews_7560.html

Colossus_500

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Re: What if Obama Loses?
« Reply #1 on: September 19, 2008, 07:40:10 AM »
This is a great article!

The Audacity of Defeat
Russ Smith

What if the impossible happens and Obama loses the election? Among Democrats, expect a rash of rage, depression, angst and finger-pointing at the media.

It’s three a.m. on Oct. 31 and a frantic broker awakens you. He’s advising making substantial investments that day in the stocks of Lilly, Pfizer and other manufacturers of anti-depressants, as well as high-end booze, say Grey Goose vodka and Hillary Clinton’s whiskey of choice, Chivas Regal. The calculations buzzing through your head are not insignificant. Barack Obama holds a two-point lead over John McCain in the Gallup poll for the Nov. 4 presidential election, and that slender margin suggests—given the undeniable factor of racism when Americans retreat to the privacy of the ballot booth—that for the third straight time a Democratic candidate will be defeated. Your own preference in the contest is irrelevant: there’s money lying on the table and only a fool would ignore the market’s indications.

A month ago, as any honest Democrat will tell you, this scenario was nearly inconceivable. The Republicans had nominated an elderly and inarticulate candidate in McCain, who was marred not only by his association with George Bush, but distrusted by the critical conservative base as well. He was expected to choose an equally dull running mate—maybe Gov. Tim Pawlenty (who?), the robotic Mitt Romney, or even Sen. Joe Lieberman, the onetime Democrat who’s distrusted by both parties—and though Obama had tapped longtime Sen. Joe Biden, whose bouts with sometimes indelicate verbosity were well-known, that was of little concern. Obama’s campaign was a fund-raising juggernaut and the candidate promised to campaign in nearly every state, especially “red” ones, not only demonstrate to he’d be a president of “all the people” but also help Congressional Democrats expand their majorities. It was payback time for the “stolen” elections of 2000 and 2004 and the revenge promised to be rich indeed.

I was reasonably certain that Obama would win convincingly, and perhaps by a landslide. In fact, although favoring McCain, I’d resigned myself to at least four years of the charismatic Illinois one-term senator, despite the nervousness that he’d turn out to be a less pious Jimmy Carter or, a latter-day Adlai Stevenson. What the hell, it’s not as if the Republicans have distinguished themselves in the past four years, McCain included. Besides, one benefit of a turnover at the White House would be the resumption of political conversation with Democratic friends; too many personal and professional relationships have been fractured in the past eight years.

There’s no need here to elaborate on the galvanizing effect Sarah Palin has had on the election—and whether or not her “everywoman” appeal stands up to intense scrutiny remains to be seen—for that’s evident in daily polling and the blizzard of media attention that’s flummoxed Obama and his supporters. (Although it’s worth pointing out that on Sept. 3, before Palin’s ascension to Wal-Mart heroine, liberal historian Garry Wills suggested in a New York Times op-ed that Palin, for her own sake, “withdraw her nomination” to “minimize her “own humiliation.” I wonder if Wills might want to take back that snap judgment.)

In mid-September the GOP resurrection is a simple reality, and though I dislike the cliché “a month in politics is a lifetime,” no one has any idea of how Americans will vote on Election Day. But the fear expressed by a “major Democratic fundraiser” in Politico last week—“I’m so depressed. It’s happening again. It’s a nightmare.”—isn’t isolated and won’t subside unless Obama, to quote a Matt Drudge headline, “gets his groove back.”

I have no clue if or when that could happen, but I do have an opinion of what will follow in this country if McCain pulls off what so recently seemed the miraculous feat of becoming the country’s 44th president. Voter fraud, conspiracy, “sleazevertisements” (the preferred term of many left-wing bloggers), disenfranchised voters, the return of redneck chic; those will be the immediate cries of Democrats who thought the election was in the bag. Once again, scores of celebrities will claim they’re moving abroad (and inevitably won’t). And then the depression will kick in hard.

New York magazine columnist Kurt Andersen, one of the few Beltway-Boston pundits who bashed Hillary Clinton a year ago, when her nomination appeared inevitable, was unstinting in his speculation of the fallout should Obama lose. He emailed me: “Even without post-November 4th rumors of rigged voting machines and the like, an Obama loss will be a deeply, traumatically depressing event for Democrats and other Obama enthusiasts. (Whereas if McCain loses, who will be seriously bummed outside of the McCain household?) There will be so many facets of potential unhappiness. That an eloquent, inspiring, intelligent, subtle black candidate lost—and if it’s close, it’ll be true that racism beat him… That the rest of the world will be reaffirmed in their belief that America is the land of nincompoops (or worse). That a war with Iran looks a lot likelier… That Sarah Palin won it for the Republicans, and gives a bad name to feminism and (terrifyingly) has a one-in-six (Russian roulette!) chance of becoming president before 2013.”

Tom Bevan, co-founder of Real Clear Politics, was succinct: “Two words: Hari Kari. The base of the [Democratic] party is so vested in its nominee…that to lose in November would be one of the most demoralizing in the modern era.”

Today, John Kerry is mostly a pariah in Democratic circles, seen as an effete and cautious campaigner who couldn’t even beat the laughable George Bush. Yet people, and the media, forget how shocked his supporters were four Novembers ago, so certain that Bush’s Supreme Court “selection” in 2000 would be overturned.

An article in The New York Times shortly after the election described the utter devastation felt by New York City residents, who gave Kerry 75 percent of their votes. Dr. Joseph Zito, a retired psychiatrist, told the reporter, “I’m saddened by what I feel is the obtuseness and shortsightedness of a good part of the country—the heartland… New Yorkers are more sophisticated and at a level of consciousness where we realized we have to think of globalization, of one mankind, that what’s going to injure masses of people is not good for us.” A friend of Zito’s, a native of Wisconsin, added, “New Yorkers are savvy. We have street smarts. Whereas people in the Midwest are more influenced by what their friends say.”

But who says New Yorkers are elitists?

A Beverly Hills psychologist, Cathy Quinn, told a Los Angeles Times reporter—also days after the Kerry defeat—that she’d seen an increase in the number of patients, who were suffering from “despair.” Quinn predicted to the Times’ Melissa Healy that the “postelection” blues would worsen the emotional health of people already plagued by feelings of loss, anxiety and depression.

It’ll be far more acrimonious this time around if the GOP wins. Already mainstream commentators (on the liberal side) are preparing for the bitterness and reprisals with premature eulogies of Obama’s campaign. On Sept. 14, The Washington Post’s David Ignatius said, by choosing Palin, McCain had sold his soul to the devil to win the election. Richard Cohen, a colleague of Ignatius at the Post, implied that Obama was “too cool” to fight back against Palin’s “jibes, her sarcasm, her smug provincialism, her exploitation of mommyhood” and so on. The Times’ Paul Krugman, incredibly, wrote on Sept. 12 that McCain’s “lies” were worse than those of Karl Rove and Bush. “The Bush campaign’s lies in 2000 were artful—you needed some grasp of arithmetic to realize you were being conned.” Yet, according to Krugman, McCain’s campaign is so dishonest that should he and Palin win the White House, their administration would be “much, much worse” than Bush’s.

And Frank Rich, with whom I agreed a month ago that nervousness among Democrats about Obama’s static polls was silly, has also reversed himself. He wrote, on Sept. 14, “A week ago the question was: Is Sarah Palin qualified to be a heartbeat away from the presidency? The question today: What kind of president would Sarah Palin be?”

Those who favor McCain are also predicting at least a verbal war if Obama loses. Dan Henninger, deputy editorial page editor of The Wall Street Journal, told me: “If McCain-Palin wins, and especially if they carry Ohio and Pennsylvania, the Democratic party is going to look like Godfather II—with Bill and Hillary Clinton jointly playing Michael Corleone. The blogospheric left will go to the mattresses, against everyone—the Clintons, the ‘Right,’ and the media.”

Finally, Tucker Carlson, the witty veteran of cable television shows, who’s been mercilessly and unfairly maligned by left-wingers, expressed an opinion that’s close to my own. “Even those who supported Hillary in the primaries will scold the rest of us for voting against a black man. They’ll be shrill and self-righteous, more even than usual, and they’ll never stop. It’s almost enough to make you want to vote for Obama, just so we won’t have to hear them.”

Tucker’s a card, but you can’t argue that a McCain win, for liberals, will be the political equivalent of Black Friday back in 1929.

headhuntersix

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Re: What if Obama Loses?
« Reply #2 on: September 19, 2008, 07:47:19 AM »
I think that Obama will dissappeare. He's done nothing to warrant being nominated. So it would appeare that there would be nothing to hold him in the national spot light beyond the "what went wrong" stuff that will continue to get churned out after the election. I think the Dems will be very pissed off at him and his team. They put all their eggs in one basket with this guy. They dumped what may well have been a safer and surer bet, with Hil.
L

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Re: What if Obama Loses?
« Reply #3 on: September 19, 2008, 08:06:36 AM »
I think Hillary will do an "I told you so"
Some small #s of people may protest/riot which is ridiculous...idiots.
Obama will still have a significant national presence.
We will avoid more socialist programs.

By the way.  New York times just reported that Obama's negative ads outnumber McCains.

headhuntersix

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Re: What if Obama Loses?
« Reply #4 on: September 19, 2008, 08:09:23 AM »
I don't think so....thats my opinion, not anything I've read. I think the dems will be so pissed of. By Dems I mean the guys running the party. I agree with everything else. Hil will be back in 2012.
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Re: What if Obama Loses?
« Reply #5 on: September 19, 2008, 08:45:18 AM »
By the way.  New York times just reported that Obama's negative ads outnumber McCains.

he's doing something no dem has done before - Out-negativing the Republicans.

It has worked in the last week.  The Palin Advantage has been neutralized.  And these numbers are before the shitstorm of Repub backlash we'll see from this economy mess.

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Re: What if Obama Loses?
« Reply #6 on: September 19, 2008, 08:50:33 AM »
Where did you get those #s 240?

It may be working to some degree, but not for good people that hate those kind of politics.  It created more distance for me.  I also did not like McCain's comparison to Paris Hilton with the celebrity ad....just stupid IMO...but I guess they are advertising to all Americans and there are less intelligent people on both sides of the political spectrum.

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Re: What if Obama Loses?
« Reply #7 on: September 19, 2008, 09:00:34 AM »
Where did you get those #s 240?

It may be working to some degree, but no for good people that hate those kind of politics.  It created more distance for me.  I also did not like McCain's comparison to Paris Hilton with the celebrity ad....just stupid IMO...but I guess they are advertising to all Americans and there are less intelligent people on both sides of the political spectrum.

SHITTIN ME RIGHT...THATS ALL THEY DO

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Re: What if Obama Loses?
« Reply #8 on: September 19, 2008, 09:01:32 AM »
Where did you get those #s 240?

It may be working to some degree, but no for good people that hate those kind of politics.  It created more distance for me.  I also did not like McCain's comparison to Paris Hilton with the celebrity ad....just stupid IMO...but I guess they are advertising to all Americans and there are less intelligent people on both sides of the political spectrum.

http://www.getbig.com/boards/index.php?topic=235049.0


Colossus_500

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Re: What if Obama Loses?
« Reply #9 on: September 19, 2008, 09:08:00 AM »
he's doing something no dem has done before - Out-negativing the Republicans.

It has worked in the last week.  The Palin Advantage has been neutralized.  And these numbers are before the shitstorm of Repub backlash we'll see from this economy mess.
As my father-in-law (retired Democratic politician - probably the last true statesman I know) told me when I asked what they though of these types of campaign ads...."THEY WORK! at least for a short time.  However, you can take it too far."  Both candidates risk losing votes if they go overboard with the negative campaign ads.  Americans are sick of the negative ads.  We've learned this from the past two elections. 

I'm not understanding why no one has brought up the fact that Sen. Obama is supposed to be the agent of change in the world of politics when, in fact, he's following the ol' Washington politicking process as it has always been.  ??? ??? ???

1. Selects Joe Biden, a senator of 30-plus years
2. Runs the same negative ads as any other politician
3. Will only listen to his closest advisers, many of whom have just as many skeletons in their closet as they claim McCain's camp has

So...................whe re's the change?

headhuntersix

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Re: What if Obama Loses?
« Reply #10 on: September 19, 2008, 09:40:00 AM »
There is none, he's an empty suit.
L

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Re: What if Obama Loses?
« Reply #11 on: September 19, 2008, 09:40:43 AM »
As my father-in-law (retired Democratic politician - probably the last true statesman I know) told me when I asked what they though of these types of campaign ads...."THEY WORK! at least for a short time.  However, you can take it too far."  Both candidates risk losing votes if they go overboard with the negative campaign ads.  Americans are sick of the negative ads.  We've learned this from the past two elections. 

I'm not understanding why no one has brought up the fact that Sen. Obama is supposed to be the agent of change in the world of politics when, in fact, he's following the ol' Washington politicking process as it has always been.  ??? ??? ???

1. Selects Joe Biden, a senator of 30-plus years
2. Runs the same negative ads as any other politician
3. Will only listen to his closest advisers, many of whom have just as many skeletons in their closet as they claim McCain's camp has

So...................whe re's the change?

Don't give facts. You'll ruin the retards perception that Obama is going to revolutionize politics.  ::)

That said, if Obama loses, I guess we can look forward to another four years of shitty economic conditions. Not that it will be any different if he wins. 

Colossus_500

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Re: What if Obama Loses?
« Reply #12 on: September 19, 2008, 09:46:27 AM »
By the way.  New York times just reported that Obama's negative ads outnumber McCains.

September 18, 2008
Obama's Voters More Negative on Economy Than McCain's
Obama’s voters mostly perceive grave problems; McCain’s more upbeat


by Lydia Saad

PRINCETON, NJ -- Supporters of Barack Obama for president have views about the nation's economy that differ strongly from those of John McCain supporters, with Obama's supporters describing it in much more grave terms. According to a Sept. 15-16 USA Today/Gallup poll, most Obama voters (73%), contrasted with less than half of McCain voters (45%), believe the economy is in either a "recession" or a "depression."

In sync with McCain's often-stated view that the fundamentals of the economy are strong, voters who plan to back McCain in November are more likely to think the economy is at worst slowing down. A combined 53% of McCain supporters say the economy is either slowing down or, in fact, growing. Only a quarter of Obama's voters (26%) agree.

These voter differences in economic perceptions are similar to those seen between Republicans and Democrats, more broadly. Importantly, political independents (who represent the swing voting group potentially most influenced by the candidates' stances on the issue) are much more similar to Democrats than to Republicans on this question.

As a result, a majority of Americans overall -- 61% -- now believe the U.S. economy is experiencing either a recession or a depression, up from 45% holding one of these views in January. Few Americans surveyed at either point have said the economy is growing, but in January the slight majority (53%) said it was either growing or slowing down. Today, only 37% hold either of those more positive views.


Although the United States is technically not in a "depression," the current problems on Wall Street are being widely described as the "deepest crisis since the Depression." This could be contributing to the near-doubling since January of public perceptions that the economy is in a depression, from 12% to 23%. Slightly more Americans today also believe that the economy is in recession -- something many economists have already pronounced is underway. This is up five percentage points since January, from 33% to 38%.

The expansion since January in perceptions that the economy is in a recession or depression coincides with the decline in Americans' more basic consumer confidence over the same period. Gallup Poll Daily tracking from Jan.30-Feb. 1 found 66% of Americans classified as negative in their economic views and 11% positive. Today, those figures are 78% negative and 7% positive.

Better Days to Come

The consumer confidence picture is not entirely bleak, however. In contrast to Americans' grave views of current economic conditions, they are markedly upbeat about where the economy will be a year from now. Nearly half believe the economy will be growing at that point. Only 28% believe it will be in a recession or depression.

This outlook is not much different from that measured in January, when Americans' underlying perceptions of current economic conditions were much more positive than they are today.


Bottom Line

Americans as a whole have grown substantially more negative in their characterization of the U.S. economy than they were at the outset of 2008. While Republicans (and McCain supporters) view the current situation in less dire terms than do Democrats (and Obama supporters), most political independents share most Democrats' view that the economy is in either a recession or a depression.

From the standpoint of the election, it is clearly important, therefore, that the candidates demonstrate concern and competency on the issue. At the same time, the fact that most Americans think the situation will improve markedly by this time next year suggests they have enough confidence left in the economy to believe it can recover fairly quickly. That could have important implications for how Obama and McCain frame the current economic problems, and their proposed solutions.

Survey Methods

Results are based on telephone interviews with 1,015 national adults, aged 18 and older, conducted Sept. 15-16, 2008. For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±3 percentage points.

Interviews are conducted with respondents on land-line telephones (for respondents with a land-line telephone) and cellular phones (for respondents who are cell-phone only).

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.

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Re: What if Obama Loses?
« Reply #13 on: September 19, 2008, 09:50:01 AM »
I'm okay with the economy as it is.   Really.  I'm doing pretty darn well for myself.  I'm not too concerned if Mccain wins, as far as that goes.  yeah, a lot of my friends and fmaily are out of work, and I know it'll eventually start to suck for me (when they need a place to stay haha!)

Of course, I work for myself.  Writing, building sites, building networks.  And I could always go back to teaching.  or go work for a company.  or just be a manager somwhere.  So I guess I'm not as worried as some people who have all their employment eggs in one basket.

Still, if the negative trend continues, it could be ugly.  If mccain gets in, I hope he does change the Bush policy on things.  He was bashing the administration this AM on FOX radio, that was a good thing.

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Re: What if Obama Loses?
« Reply #14 on: September 19, 2008, 11:26:41 AM »
1.  Dems will tell us they are moving out of the country

2.  Dems will not move out of the country just pretend they never said it

3.  Psychologists will be over burdened AGAIN, form something called PEDS (Post Election Depression Syndrome)

4.  Dems will try to impeach McCain for his action in Viet Nam

5.  Dems will say "America would never elect a Black" and invoke racism at ever chance

6.  Dems will tell us how McCain and the Republicans again "Stole another Election"

7.  Dems will demand recounts in states where McCain narrowly edged out Obama

8.  Like Kerry and Gore, Obama will not even be mentioned as a candidate for president again.
AND THE COUNTRY WILL CONTINUE ON THIS GLORIOUS PATH...LOL

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Re: What if Obama Loses?
« Reply #15 on: September 19, 2008, 11:28:30 AM »
As my father-in-law (retired Democratic politician - probably the last true statesman I know) told me when I asked what they though of these types of campaign ads...."THEY WORK! at least for a short time.  However, you can take it too far."  Both candidates risk losing votes if they go overboard with the negative campaign ads.  Americans are sick of the negative ads.  We've learned this from the past two elections. 

I'm not understanding why no one has brought up the fact that Sen. Obama is supposed to be the agent of change in the world of politics when, in fact, he's following the ol' Washington politicking process as it has always been.  ??? ??? ???

1. Selects Joe Biden, a senator of 30-plus years
2. Runs the same negative ads as any other politician
3. Will only listen to his closest advisers, many of whom have just as many skeletons in their closet as they claim McCain's camp has

So...................whe re's the change?

They do work.  Sad, but true. 

Dos Equis

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Re: What if Obama Loses?
« Reply #16 on: September 19, 2008, 11:29:58 AM »
September 18, 2008
Obama's Voters More Negative on Economy Than McCain's
Obama’s voters mostly perceive grave problems; McCain’s more upbeat


by Lydia Saad

PRINCETON, NJ -- Supporters of Barack Obama for president have views about the nation's economy that differ strongly from those of John McCain supporters, with Obama's supporters describing it in much more grave terms. According to a Sept. 15-16 USA Today/Gallup poll, most Obama voters (73%), contrasted with less than half of McCain voters (45%), believe the economy is in either a "recession" or a "depression."

In sync with McCain's often-stated view that the fundamentals of the economy are strong, voters who plan to back McCain in November are more likely to think the economy is at worst slowing down. A combined 53% of McCain supporters say the economy is either slowing down or, in fact, growing. Only a quarter of Obama's voters (26%) agree.

These voter differences in economic perceptions are similar to those seen between Republicans and Democrats, more broadly. Importantly, political independents (who represent the swing voting group potentially most influenced by the candidates' stances on the issue) are much more similar to Democrats than to Republicans on this question.

As a result, a majority of Americans overall -- 61% -- now believe the U.S. economy is experiencing either a recession or a depression, up from 45% holding one of these views in January. Few Americans surveyed at either point have said the economy is growing, but in January the slight majority (53%) said it was either growing or slowing down. Today, only 37% hold either of those more positive views.


Although the United States is technically not in a "depression," the current problems on Wall Street are being widely described as the "deepest crisis since the Depression." This could be contributing to the near-doubling since January of public perceptions that the economy is in a depression, from 12% to 23%. Slightly more Americans today also believe that the economy is in recession -- something many economists have already pronounced is underway. This is up five percentage points since January, from 33% to 38%.

The expansion since January in perceptions that the economy is in a recession or depression coincides with the decline in Americans' more basic consumer confidence over the same period. Gallup Poll Daily tracking from Jan.30-Feb. 1 found 66% of Americans classified as negative in their economic views and 11% positive. Today, those figures are 78% negative and 7% positive.

Better Days to Come

The consumer confidence picture is not entirely bleak, however. In contrast to Americans' grave views of current economic conditions, they are markedly upbeat about where the economy will be a year from now. Nearly half believe the economy will be growing at that point. Only 28% believe it will be in a recession or depression.

This outlook is not much different from that measured in January, when Americans' underlying perceptions of current economic conditions were much more positive than they are today.


Bottom Line

Americans as a whole have grown substantially more negative in their characterization of the U.S. economy than they were at the outset of 2008. While Republicans (and McCain supporters) view the current situation in less dire terms than do Democrats (and Obama supporters), most political independents share most Democrats' view that the economy is in either a recession or a depression.

From the standpoint of the election, it is clearly important, therefore, that the candidates demonstrate concern and competency on the issue. At the same time, the fact that most Americans think the situation will improve markedly by this time next year suggests they have enough confidence left in the economy to believe it can recover fairly quickly. That could have important implications for how Obama and McCain frame the current economic problems, and their proposed solutions.

Survey Methods

Results are based on telephone interviews with 1,015 national adults, aged 18 and older, conducted Sept. 15-16, 2008. For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±3 percentage points.

Interviews are conducted with respondents on land-line telephones (for respondents with a land-line telephone) and cellular phones (for respondents who are cell-phone only).

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.


This is trouble for Obama.  McCain's weakness is the economy.  If Obama cannot exploit this he is done.