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This morning markets in Asia fell about 4% -- a relatively muted response to the 7% drop in the Dow Monday. Should we trust our increasingly fragile global financial system to the 73-year old gambler who claimed a victory in yesterday's failed vote on the bailout bill? One poll suggests that the answer is no.

A September 29th Gallup poll found that Americans have the least trust in the Administration's ability to handle this financial crisis and the most in Senator Barack Obama (D-IL), 47. Here is the percentage of Americans who approved of how various people were handling the economic crisis:

  • Barack Obama (46%)
  • Democratic congressional leaders (39%)
  • John McCain (37%)
  • Republican congressional leaders (31%)
  • Hank Paulson and George Bush (28% each)
Senator McCain, a former POW, gambled on taking money from corporate interests, on appointing Sarah Palin as vice president, and on choosing Phil "Americans are Whiners" Gramm as his chief economic advisor -- the same guy whose bill to deregulate the Credit Default Swap (CDS) market helped get us into this financial catastrophe.

Our national decision is less than six weeks away.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter.

Who should we trust to lead us through this mess? originally appeared on BloggingStocks on Tue, 30 Sep 2008 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>barack obamaBarackObamacredit default swapsCreditDefaultSwapsjohn mccainJohnMccainjon huntsman jr.phil grammPhilGrammsarah palinSarahPalinTue, 30 Sep 2008 11:00:00 EST