The financial crisis convulsing Congress, Wall Street and the economy at large is a dramatic real-time test of presidential caliber — and Barack Obama appears to be besting John McCain.
As the House of Representatives threw out an enormous bailout bill Monday, the latest polls showed the Democrat Obama building a dominant lead over his Republican rival in the November 4 election.
“Pretty clearly if the question (for voters) is the economy, the answer is Obama,” argued William Galston, a former White House adviser who analyses presidential politics at Washington’s Brookings Institution.
New polls on Monday took account of McCain’s campaign suspension, which Democrats said never actually happened, the frantic negotiations in Congress and the first debate in Mississippi.
Gallup’s latest tracking poll had Obama on 50 per cent to 42 for McCain. Rasmussen also had Obama on 50 per cent, but McCain doing better on 45.
In its own new poll, the Los Angeles Times said “Obama has made strides in convincing Americans that he can handle the toughest challenges facing the country, including the financial meltdown and international crises.”
Overall, Obama led McCain by 49 to 44 per cent in the LA Times poll.