Morning Update: Last Weekend for U.S. Campaign
Friday, October 31, 2008With the U.S. presidential campaign headed into its final weekend, Sens. Barack Obama (D-IL) and John McCain (R-AZ) made final pushes for votes, and analysts began looking ahead to the transition of administrations that will follow the November 4 vote. The Financial Times reports Obama’s campaign is sticking largely to its economic message as it enters the final few days of campaigning. The Los Angeles Times looks at McCain’s final days of campaigning in potential swing states Ohio and Florida, and says both candidates have sought to highlight differences in their economic plans.
“The price of oil is declining largely because of the market’s expectation of a broad recession that would lower demand. This is hardly a good sign of things to come, and should only add to our sense of urgency in gaining energy independence. When our economy recovers, and growth once again creates new demand, we could run into the same brick wall of rising oil and gasoline prices — and now is the time to make sure that doesn’t happen. In Washington, we can view this period of lower oil prices as just one more chance to make excuses — and on the problem of energy security, we’ve heard enough excuses. Or we can view it as an opportunity to finally confront the problem.”