Paul the FOMC Chair vs. Joe the Plumber

We don’t have permission to reproduce the entire column, but this recent Dan Gross column is definitely worth reading:

The third fatal date? Oct. 15, when the third debate took place. Throughout the fall, Obama had rounded up financial icons such as former Federal Reserve Chairman Paul Volcker and Warren Buffett to serve as surrogates. They could reassure Wall Street and Main Street that Obama could steer the nation through treacherous financial waters. Rather than enlist a respected businessperson such as Mitt Romney or former eBay CEO Meg Whitman as his chief economic surrogate, McCain turned to an unlicensed plumber from Ohio. McCain mentioned “Joe the Plumber” seven times in the Oct. 15 debate. In the ensuing weeks, McCain routinely trotted out Samuel J. Wurzelbacher’s economic folk wisdom as gospel.

Warren the Investor and Paul the Central Banker vs. Joe the Plumber was never going to be much of a fair fight. Given the macroeconomic backdrop of recent years and the microeconomic disasters of recent weeks, neither was the presidential campaign, which is why Obama has won the White House.

Good stuff . . .

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Source:
The day John McCain lost the election.
Daniel Gross
Slate/Newsweek, Nov. 4, 2008, at 10:05 PM ET
http://www.slate.com/id/2203763/

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