March 17th, 2008
02:20 PM ET
10 years ago

Blitzer: An ailing economy makes for election year fallout

Democratic White House hopefuls say its current resident has not done enough for the nation’s ailing economy.

Democratic White House hopefuls say its current resident has not done enough for the nation’s ailing economy.

WASHINGTON (CNN) - With the economy issue number one on the minds of American voters, the Democratic presidential candidates are taking the gloves off in going after President Bush and his seven-year record.

“There have been few Administrations so out of touch with the concerns and the struggles of working Americans and so beholden to the lobbyists and special interests who blocked any kind of regulatory oversight of the financial sector,” says Barack Obama.

Underlining his charge of an administration “out of touch” with the deteriorating economic situation, Obama insisted Monday the president’s policies were “so divorced from the reality facing the American people and the American economy that it would be laughable if it weren’t so frightening.”

Hillary Clinton also said Monday that the "fiscal irresponsibility of the Bush administration" was to blame for the country's current economic turmoil and market fears, telling reporters that she would have acted very differently over the past year on fiscal matters than the administration has done. "We are in a very dangerous period in the economy. We need vigilance and we need leadership..." she said.

Many Democrats point to the president’s surprise at a recent news conference when a reporter noted that a gallon of gasoline was approaching $4 a gallon.

The fallout from the ailing economy will be politically significant in both the short and long term. First, Democrats will have to decide whether Hillary Clinton or Barack Obama is better suited to handle the economic challenges facing the nation. Later, in the general election, the American public will have a chance to decide whether the eventual Democratic nominee or John McCain can do a better job.

Normally, during times of economic turmoil, the party in power in the White House suffers in an election. That has Republicans deeply worried right now. They are not only concerned about the presidential election but also about losing seats in the House and Senate as well.

–CNN Anchor Wolf Blitzer

Filed under: Wolf Blitzer
soundoff (57 Responses)


    CLINTON : 47%
    OBAMA : 45%

    FOR THE G.E.
    CLINTON 46%
    MCCAIN 46%

    OBAMA 44%
    MCCAIN 46%


    March 17, 2008 04:04 pm at 4:04 pm |
  2. Adam Orlando Florida

    Glad to see the canidates going after the real problems.

    March 17, 2008 04:05 pm at 4:05 pm |
  3. TheLeftNut

    Republicans are a bunch of whining crybabys in denial.

    They dug the US into a economic and military hole and the want to just blame everyone else.

    Gimme a break!

    March 17, 2008 04:18 pm at 4:18 pm |
  4. Tom for moving on

    it is time for OBAMA and CLINTON supporters to stop the HATE and move on to defeat Bush.

    March 17, 2008 04:20 pm at 4:20 pm |
  5. scbrown

    I am going to complain to the FCC that you are not posting my comments

    March 17, 2008 04:21 pm at 4:21 pm |
  6. Kenneth

    GW Bush. Worse President ever! You republicans should be ashamed of yourselves for giving us such a President. Y'all should just stay home this November and don't vote for nobody.

    March 17, 2008 04:26 pm at 4:26 pm |
  7. Kerry

    When you consider that John McCain was dead last early on in the Republican nomination, its so funny that his fortunes turned around when he began embracing George Bush's policy. John McCain would have never won the Republican nomination without the Bushs' help.

    And then you have Hillary Clinton saying McCain would be much more qualified to be President then Obama, if she were to not get the nomination.

    So, if McCain represents the continuation of George Bushs policies, it seems like Hillary also wants to continue on George Bush's failed policies. So, it so ironic that Hillary is attacking George Bush while praising John McCain for President. And we can't forget how close the Clintons are to the Bushs as well.

    So really, only Obama has the integrity to solve the problems facing America.

    March 17, 2008 04:27 pm at 4:27 pm |
  8. P.Hager

    The administration gets a lot of blame, and they maybe should, but doesn't the Congress and Senate have even more power over how our tax dollars are spent? Are they not the ones that add all of the rediculous pork barrel legistature to bills?

    March 17, 2008 04:29 pm at 4:29 pm |
  9. Grif

    Room to let.... But'

    No room for pessimists!!!!

    March 17, 2008 04:29 pm at 4:29 pm |
  10. Danny in Pittsburgh

    An ailing economy hurts.

    A criminally negligent, corrupt, destructive, incompetent, divisive, and fear-powered administration hurts more.

    March 17, 2008 04:35 pm at 4:35 pm |
  11. Bruce H.

    If there was a precedent for a President voluntarily leaving office early, we would benefit greatly if Bush were to do so... Even in his last year in office, the man continues to be oblivious to the reality of what goes on around him. He came into office and has caused or worsened the following: the budget defecit, the national debt, the current account, job exports, the Iraq war, Wall Street fraud, the SEC, the FED, Medicare, Social Security, health care reform, fair taxation, the world's hate of the U.S. and its policies, and probably the worst U.S. economy since the Great Depression. Can any honest Republican or conservative doubt any of this. Bush is almost certain to establish his legacy as one of, if not the worst, American president in our history....

    March 17, 2008 04:36 pm at 4:36 pm |
  12. Sharon

    I agree with Senator Obama, this administration is so out of touch with our country. I hope people wake up and stop the Republican big business, lobbist, special interest groups and send them all packing.

    March 17, 2008 04:37 pm at 4:37 pm |
  13. doug

    I agree. The party in power (currently, Republican) is to blame for the disaster in our country and economy. Looking back over the 20th century, republicans have mostly been at the helm when the economy has deteriorated. It takes a democratic administration and a democratically controlled congress to lift the nation out of despair and recession and the great depression. Hopefully, the American people won't be fooled again by the republicans.

    March 17, 2008 04:37 pm at 4:37 pm |
  14. SAM - CommonSense

    I wonder if American voters are going to vote for a continuity of Bush-McCain failed policies like Obama likes to put it. We failed ourselves, our children, and innocent people across the globe who are at least more intelligent to notice the damage of these greedy idealogues!

    March 17, 2008 04:38 pm at 4:38 pm |
  15. rob

    Great picture of Bush. You really reveal his soul there.

    March 17, 2008 04:38 pm at 4:38 pm |
  16. JG

    This president will go down in history as being on of the worst-THAT will be HIS legacy....

    March 17, 2008 04:41 pm at 4:41 pm |
  17. Luis Perez

    Interesting article given thatithas takenso long for the media to worte about this administration's completedetachment with reality.

    March 17, 2008 04:44 pm at 4:44 pm |
  18. Towhappy

    Well the GOP should be worried but the problem is they have a President who clearly is not. He is at the end of his last term, his trust fund with oil stocks has never been better and its not like he has to worry about trying to keep his job......this preident still thinks the country is in " good shape" as he calls it.

    Guess if he keeps saying it, he thinks it would be true.

    Truth is, you could become homeless, camp out on the white house lawn living out of a card board box and his motorcade would swing right by you chanting "God Bless America!"

    OBAMA 08 For gods sake!! Hurry up!

    March 17, 2008 04:52 pm at 4:52 pm |
  19. Keith P. CA

    the picture says it all, CLUELESS!

    March 17, 2008 04:57 pm at 4:57 pm |
  20. Bob Stephens

    No one is addressing the real problem with the economy and that is the falling of the value of the US dollar. The dollar is worth less due to the balance of trade, which causes billions of dollars to go to foreign countries which then buy our businesses. We are also printing money ( The Fed is), which makes the money worth less and less on the world market, and now people don't want the American Dollar anymore for things like oil, and are opting for the Euro which is worth more. The three danger signs are:

    1. Price of Gold goes up ( real value of our dollar)
    2. Price of Oil Goes Up
    3. Value of dollar goes down.

    This will continue and the American dollar will be worth less and less... This is what the government doesn't want people to know.....

    March 17, 2008 05:03 pm at 5:03 pm |
  21. John

    Pssst: Hillary and Barack, George W. bush isn't running in this election. The Republican candidate's name is John (J-o-h-n).

    March 17, 2008 05:06 pm at 5:06 pm |
  22. Ed

    Looks like GW has stumbled around long enough to find some one he can blame the deaths of Americans and wounded americans on .None other than An OLD MAN whose thinking is debatable and decisions will be doubtful enough that he will accept the responsibility for this WAR. None other than JOHN MCCAIN. Then he can blame it on his mental capacity from his Viet Nam experience. What a cover???????

    March 17, 2008 05:12 pm at 5:12 pm |
  23. Pat M Canada

    Given Americans total lack of evaluation in electing George Bush not once but twice, I'd be very afraid of the infatuation Americans presently hold for Barack Obama. I see another four years of devastation.

    March 17, 2008 05:13 pm at 5:13 pm |
  24. judasgoat

    CAN we please find out the oil profit revenues that the bush family has inherited from this high crimes and misdemeanor and robbery of the people around the globe. opec says the US is to blame. oil is traded in US DOLLARS. alan geenspan in his book stated this war is fought because of oil. halliburton/kbr "cheneys" company has gutted this economy. report the real truth CNN

    March 17, 2008 05:14 pm at 5:14 pm |
  25. norb

    Look at that picture. And some of you voted for him twice! What a dork.

    March 17, 2008 05:20 pm at 5:20 pm |
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