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

Blitzer: An ailing economy makes for election year fallout

[cnn-photo-caption image= caption="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)
  1. Sarah, Kansas City, MO

    History shows that the republicans have always made a mess of things when they have been in power. It takes the democrats to clean it up, however, they never get credit for it. Which just shows you how moronic our country and its citizens can be.

    How can anyone continue to believe the republicans?

    March 17, 2008 06:58 pm at 6:58 pm |
  2. jd

    Our President is out of touch plus he gets very BAD advise. Cannot wait for Nov. Give me someone ,anybody that is not Bush-except McCain, he would be an extension of Bush. Give me OBAMA/08

    March 17, 2008 07:05 pm at 7:05 pm |
  3. earl illingsworth

    Whats it take to get posted you twits

    March 17, 2008 07:07 pm at 7:07 pm |
  4. earl illingsworth

    I'll never post the political ticker again! You don't deserve the time , but Jack Cafferty and Lou Dobbs keep you slugs a floaten!

    March 17, 2008 07:11 pm at 7:11 pm |
  5. Don, San Francisco

    $4/gallon for gas? Good. It's about time. Al Gore won the Nobel Peace Prize and we pretend to care about Climate Change, but when it comes down to it, we seem to care a lot more about being able to drive our cars cheaply. I only worry that $4/gallon isn't expensive enough to make people change their behavior.

    March 17, 2008 07:16 pm at 7:16 pm |
  6. Bill, Streamwood, IL

    It is not just the fiscal irresponsibility of George Bush and his cronies. The Republican-controlled House and Senate virtually rubber-stamped whatever Bush wanted from 2001 to 2006. They did not fullfill their Constitution duty of providing checks and balances.

    The Republicans will never again be able to use the argument that they are the sole party of fiscal responsibility.

    March 17, 2008 07:26 pm at 7:26 pm |
  7. Lois in CA

    Duh. Let's see. Billion of dollars borrowed against the future to fight a no-win war. No investment in infrastructure (Katrina? What Katrina?) Let's give everyone a check in May, maybe then we'll all forget about lost civil liberties, privacy, the torture of prisoners, all the hundreds of thousands of collateral casualites in the middle east, the rotten economy, the huge deficit, and, oh yeah, don't forget: all the tax breaks for the rich cronies of our current Idiot in Chief. Nice job, Supreme Court, letting this man walk away with the 2000 election. Nice job, congress, letting this man skate after lying his way into this current so-called war. Impeachment? We don't want no stinkin' impeachment!! So, yeah. Duh. The economy is tanking. What else is new?

    March 17, 2008 07:27 pm at 7:27 pm |
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