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Wednesday, July 16, 2008

Confidence in Bush-McCain economy drops

There are no significant differences between the Bush model and the McCain economic model, though perhaps due to Phil Gramm's radical influence, McCain's may be even riskier. The polling for radical right economics looks bad for the GOP and in all likelihood it will get worse as the situation deteriorates.

Public confidence in U.S. economic policy dipped this month as unstable markets and shaky financial institutions left Americans uneasy about the future, according to a Reuters/Zogby poll released on Wednesday.

The Reuters/Zogby Index, which measures the mood of the country, dropped to 88.7 from 90.4 in June as five of the 10 measures of public opinion used in the index fell at least slightly and three remained steady.

The index fell to near its record low of 87.7, recorded in March, as optimism about personal finances waned and approval ratings for the Bush administration's economic and foreign policies dropped.

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