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Financial Woes Crucial Issue in '08 Election

AARP voters concerned about their wallets, new poll shows

By Heather McPherson,  Newser User

Posted Aug 23, 2007 3:51 PM CDT
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(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.

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 business are not affecting its banking unit, Countrywide Bank FSB, even as people worried about their savings converge on...
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 to swoop into the banking system with billions, a network of cash spigots around the country...
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 Moines, Iowa. (AP Photo/M. Spencer Green)
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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Complete results of the poll, with links to state-by-state breakdowns
Divided We Fail

 
Barack Obama • Hillary Clinton • John Edwards • Federal Reserve • subprime mortgages • presidential primaries • poll • AARP • mortgage brokers • Election 2008

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