Letter from Washington

What’s the impact of the market crash on the Democratic candidates? Here’s what we’re hearing around the Potomac circuit.

First, let’s look at the state of economic affairs when the shock occurred. Are you better off financially now than a year ago? Gallup put this question in September and drew these answers: 43 per cent better and 27 per cent the same, with a meager 29 per cent perceiving themselves as worse off. This contrasts with 33 per cent better, 30 per cent the same, 35 per cent worse off in response to the same question in June of 1981. The same poll also asked just over one thousand adults nationwide: Looking ahead, do you expect that at this time next year you will be financially better off or worse off than now? The responses were 56 per cent better off, 20 per cent the same, and only 16 per cent worse off.

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Presidential Election

What’s the impact of the market crash on the Democratic candidates? Here’s what we’re hearing around the Potomac circuit.

First, let’s look at the state of economic affairs when the shock occurred. Are you better off financially now than a year ago? Gallup put this question in September and drew these answers: 43 per cent better and 27 per cent the same, with a meager 29 per cent perceiving themselves as worse off. This contrasts with 33 per cent better, 30 per cent the same, 35 per cent worse off in response to the same question in June of 1981. The same poll also asked just over one thousand adults nationwide: Looking ahead, do you expect that at this time next year you will be financially better off or worse off than now? The responses were 56 per cent better off, 20 per cent the same, and only 16 per cent worse off.