Both Campaigns See Risk, Reward in Wobbly Wall Street

Neither candidate is solid on market crisis, but each can spin it to his strengths
By Matt Cantor,  Newser User
Posted Sep 16, 2008 12:02 PM CDT
Republican presidential candidate Sen., John McCain listens to a supporter's question during a town-hall style meeting in Orlando yesterday.   (AP Photo)
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(Newser) – Wall Street’s troubles pose a challenge for both candidates, though because his party hasn’t held the White House for nearly 8 years, Barack Obama has a slight leg up, writes Gerald Seib in the Wall Street Journal. Neither ticket has a strong market background, with John McCain more a “national-security and character candidate” and Obama lacking the experience to be a definite source of reassurance.

The candidates can spin the problem to fit their messages. McCain will cast himself as a “different kind of Republican,” and has already run an ad pushing tougher regulation. The Democrats can more easily take the offensive route, painting the issue as a “compelling argument” for Bush economic failures. For Obama, “Wall Street just provided a ripe opportunity” to appeal for change.