Monday, December 3, 2007

Finally, It's the Economy, Stupid

. Monday, December 3, 2007

"I care about bringing our troops home...and for the most part, I believe as far as domestic terrorism goes, I think we've got that pretty much under control," Dale Albright says. "But the economy really scares me." A longtime Republican, this election he says he's voting Democrat.

Dale is not alone; as "the surge" has stabilized (temporarily?) Baghdad and the housing market has tanked, economic issues have emerged as priority items. And people seem a bit worried.

"The pessimism ... reflects voters' worries beyond the current business cycle. Early this month, a sobering consensus emerged from a focus group of a dozen Republican-leaning voters in the Richmond, Va., area, sponsored by the nonpartisan Annenberg Public Policy Center at the University of Pennsylvania. The participants unanimously agreed that they didn't think their children's generation would be better off than their own -- breaking with traditional American optimism -- largely due to the debt future taxpayers will inherit."Who's buying our loans?" said former secretary June Beninghove, 67. "Who's going to own us? We are going to give ourselves to another country because of debt."

The non sequitur aside (if people fear their children will not be better off, they have concerns that go well beyond a looming recession), it does suggest that economic insecurity is likely to play an important role in '08.


Finally, It's the Economy, Stupid
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