Bad economy hurts McCain’s popularity

Published Thursday, October 2, 2008

WASHINGTON (AP) - Barack Obama has surged to a seven-point lead over John McCain one month before the presidential election, lifted by voters who think the Democrat is better suited to lead the nation through its sudden financial crisis, according to an Associated Press-GfK poll that underscores the mounting concerns of some McCain backers.

Likely voters now back Obama 48-41 percent over McCain, a dramatic shift from an AP-GfK survey that gave the Republican a slight edge nearly three weeks ago, before Wall Street collapsed and sent ripples across worldwide markets. On top of that, unrelated surveys show Obama beating McCain in several battlegrounds, including Ohio, Florida, Pennsylvania and Iowa - four states critical in the state-by-state fight for the presidency.

Several GOP strategists close to McCain’s campaign privately fret that his chances for victory are starting to slip away.

These Republicans, speaking on condition of anonymity, point to several factors: Obama’s gains nationally and in traditionally GOP states, no McCain boost from the first debate, McCain’s struggles with economic issues as the financial crisis has unfolded and deepening public skepticism about his running mate, Sarah Palin.

The AP-GfK poll shows McCain faces substantial hurdles.

With the perilous financial situation at the forefront of voters’ minds, 60 percent in the survey say it’s more important to them to choose a president who would make the right economic decisions than a commander in chief who would make the right decisions on national security. Obama leads among economic voters, with 63 percent support, while McCain is ahead among security voters, with 73 percent.

Obama led McCain on the questions of who would best improve the economy and handle the financial crisis. The Democrat also was seen as more likely than the Republican to understand how the crisis affects the average person.

As the two senators prepared to vote late yesterday on the administration’s $700 billion bailout plan, 16 percent of likely voters said they thought McCain hurt negotiations over the proposal when he bolted back to Washington last week to get involved. Just 5 percent thought Obama did damage when he returned after a summons by President George W. Bush to attend a White House meeting on the crisis.