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How the Economy Killed McCain

Sometimes, a picture --or graph-- really does say a thousand words. The State of the Union plotted the S&P 500 and Sen. John McCain’s performance in the

Jul 31, 2020
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Sometimes, a picture –or graph– really does say a thousand words.
The State of the Unionplotted the S&P 500 and Sen. John McCain’s performance in the Gallup daily tracking poll, “with a two-day lag to let the market results filter through…”
McCain’s floor hovers around 40 percent, which accounts for the divergence of the Gallup and S&P numbers. But the correlation between the two data sets is a robust 0.77 [1.0 being a perfect correlation].
As Pollster’s Steve Lombardo says,“The economic situation has virtually ended John McCain’s presidential aspirations, and no amount of tactical maneuvering in the final 29 days is likely to change that equation.”
Wow.
It’s really no wonder that the McCain campaign would prefer to talk about literally anything other than the economy.
However, if the financial crisis is dominating the concerns of Americans — and it is expected to remain in the headlines through the election — it appears McCain will have to quickly figure out a way to start talking about the economy effectively, if he wants to win the election.
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](http://stateoftheunion.files.wordpress.com/2008/10/marketsvsmccain1.jpg)
Dexter Cooke

Dexter Cooke

Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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