Sunday, June 29, 2008

The Economy, Stupid.

We are truly suffering because of the high price of oil. Beyond that, there is a real question about how bad the economy is performing. From pollster Frank Luntz, writing in the LA Times recently, comes a good summary of where middle income people, families with incomes of about $50,000 a year—the national average—stand on the current economy. They are:

highly pessimistic and negative about the direction of the country and the condition of the economy. From 1994 through 2004, Republicans tended to have a narrow advantage among these floating voters, allowing the GOP to capture and maintain control of Congress for the decade. But they returned to the Democratic fold in the 2006 campaign and are leaning Democratic this year. They despise President Bush's economic policies and are most certainly "change" voters, but tax increases are the kind of change they will eagerly vote against.

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