The sentiments of some politicians that the stock market crash will lead the electorate to turn on the Republican party seem entirely premature and simplistic. Few national polls have been completed since the market collapse but the early findings show a public confused over the economic situation, with less than 10 percent blaming federal budget deficits as the specific cause. Neither political party has much, if any, credibility on the budget issue, complicating party leaders strategies on how to handle the issue for next year's elections. Because the public is not sure of the cause of the market downturn, they have not yet cast blame on either party or branch of government. News media attention on program trading and other technical market factors has diffused and confused the issue. The fact that no specific economic event appears to have triggered the fall may also contribute.

More from the Cook Political Report

DW
First Person
Cook Politcal Logo