Wall Street Bust A Boon For Obama

The financial meltdown has given Democratic presidential candidate Barack Obama quite the boost, while John McCain seems to be languishing after a brief surge in the polls. And Obama’s numbers are now higher than the last two Democratic nominees.

A survey conducted by the Washington Post and ABC News shows just how much the crisis has shaped voters’ opinions:

More voters trust Obama to deal with the economy, and he currently has a big edge as the candidate who is more in tune with the economic problems Americans now face. He also has a double-digit advantage on handling the current problems on Wall Street, and as a result, there has been a rise in his overall support.

The poll found that, among likely voters, Obama now leads McCain by 52 percent to 43 percent. Two weeks ago, in the days immediately following the Republican National Convention, the race was essentially even, with McCain at 49 percent and Obama at 47 percent.

As a point of comparison, neither of the last two Democratic nominees — John F. Kerry in 2004 or Al Gore in 2000 — recorded support above 50 percent in a pre-election poll by the Post and ABC News.

McCain’s slouching numbers no doubt have something to do with his campaign’s deeply ingrained ties to the nation’s troubled financial groups.

For example, McCain’s campaign manager Rick Davis’ company previously profited off of failed mortgage company Freddie Mac, but the Republican candidate attempted to distance Davis – and himself – from the turmoil by claiming his pal hadn’t been paid by Freddie Mac since 2005. The New York Times and Newsweek both report today, however, that Mac paid Davis’ firm through last year.