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October 8, 2008 3:24:07 AM CDT

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Financial Woes Crucial Issue in '08 Election

Posted Aug 23, 07 3:51 PM CDT in US,  Politics,  Arts & Living 

(Newser) – A new poll of AARP members shows that financial security will be a big factor in how 90% will vote in early 2008 presidential primaries, the Politico reports. Though many of the 5,000 potential voters aren't familiar with candidates' positions on financial and health issues, one pollster says, more than half are willing to base decisions on the candidates' stances.

With crises in the mortgage and credit markets making headlines and feeding potential voter unease, the leading Democratic candidates are calling for tougher federal regulation of lenders. John Edwards, Hillary Clinton, and Barack Obama all have such planks in their current platforms, and Chuck Schumer yesterday complained to Federal Reserve and Treasury officials on the subject.

Source Politico

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Countrywide bank customers wait in the lobby of a Los Angeles branch, Monday, Aug. 20, 2007. Countrywide Financial Corp. tries to reassure customers that the liquidity problems dogging its mortgage lending...   (Associated Press)
A sign advertises a bank repossessed home for sale in San Clemente, Calif., Sunday, Aug. 5, 2007. As the credit crisis has deepened in recent weeks and stock markets convulsed, spurring the Federal Reserve...   (Associated Press)
Democratic presidential hopeful former Sen. John Edwards D-N.C., and his wife Elizabeth wave to supporters from their bus as they arrive at a Democratic candidates debate Sunday, Aug. 19, 2007, in Des...   (Associated Press)
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Barack Obama  • Hillary Clinton  • Election 2008  • Federal Reserve  • subprime mortgages  • John Edwards  • poll  • presidential primaries  • AARP  • mortgage brokers


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