The race for the White House is in full swing. Barack Obama and John McCain continue to battle it out before the actual election in November. Barack Obama and Joe Biden remain on the Democratic ticket. John McCain and Sarah Palin are the Republican’s choice. Barack Obama has just gained his first clear lead of John McCain. It appears as though the state of the economy is having a negative affect on John McCain’s ratings.

The Washington Post-ABC News national poll has just been released. This poll shows the clear lead that Barack Obama has over John McCain. Only 9 percent of the people who took the poll rated the economy as either excellent or good. This is the first time that number has been a single digit number since before the 1992 election. Only 14 percent of the people polled said the economy was headed in the right direction. This is also a record low number. The last time this number reached such a low percentage was back in 1973.

Apparently, votes are more confident in Obama’s ability to readjust the economy than they are with McCain’s. Obama’s financial platform has clearly given him the lead of McCain…at least for now. Voters tend to think the Obama is more in tune with the real financial problems that Americans face. The poll shows that he has a double-digit advantage when it comes to handling the problems on Wall Street. The ratings show that Obama has “won over” 52 percent of voters, while McCain struggles to hold onto his 43 percent. It was only two weeks ago when the race was virtually neck and neck. That goes to show you how bad and drastic things have gotten in only two weeks time.

Voters are putting more emphasis on the economy now than ever before. Regular people, like you and me, want to see a change in the economy. A change for good. People are worried that the “Next Great Depression” is right around the corner. Voters want to be assured that their financial situations, their jobs, their careers, etc are going to be protected. Apparently, voters are more comfortable with Obama’s promise to re-stimulate the economy.

The poll shows the 52 percent of people are extremely concerned with the way the economy is going. These people “believe the economy has moved into a serious long-term decline.” College students have again turned the tide of the race. White people who do not have college degrees support John McCain by 17 points. Obama is supported by white people who do hold college degrees by 9 points.

The economy will continue to be a major factor in the 2008 Presidential Election. Take the time to study each candidate and vote for the one who has the strongest values that correlate with your own. Let’s make sure we elect a competent President who can turn the economy around, whether that be Obama or McCain.

President Bush addressed the issue of our failing economy to the entire country on Wednesday night. His address was mainly a warning to all Americans and especially those lawmakers who are reluctant to pass his $700 billion bailout plan. President Bush warned that if this plan is not passed, jobs will be lost, businesses will be forced to close, retirement accounts will fail and our country will be headed towards a “long and painful recession.”

Our economic problems have surpassed President Bush’s ability to correct the problem. In fact, President Bush extended invitations to both presidential candidates, Barack Obama and John McCain, to work out a compromise. One of the aforementioned men will “inherit” the weakened economy in just four months. Key congressional leaders were also invited to help solve the problem.

President Bush stated, “Without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.” President Bush expressed his concern for our troubled economy. He is welcoming advice and recommendations from both political parties. However, he said that he would not put any regulation in force that would prohibit economic growth.

The Bush administration’s bailout plan has already been met with extreme skepticism. It was announced just last weekend, and has already undergone a massive amount of controversy. Americans and lawmakers, on both sides, are very concerned about the impact it will have on American taxpayers and the entire private sector. Many wonder whether the timing is right to enact such a large plan. Similarly, many people are concerned with the massive amount of debt the plan entails.

President Bush addressed these concerns. He stated that he was extremely hesitant to put taxpayers money on the line to help failing businesses. Critics of the plan have been concerned that taxpayers will have to bail out individual companies and struggling businesses. Bush stated that individual companies are not the main focus. He also tried to put Democratic fears at ease about whether the CEOs of these failing companies will be rewarded. They will not, he said.

Bush understands that this country faces the largest financial crisis in decades. Because of this, he pleaded with Americans everywhere, especially lawmakers, to accept this plan. Senators Obama and McCain also issued a joint statement urging lawmakers to act and to act promptly. Something drastic must me done if our country wants to rebound quickly from the negative effects of a failing economy.