Wednesday, August 20, 2008

Irrelevant news; "managing the economy"

Breathtaking news! From Reuters: WASHINGTON - In a sharp turnaround, Republican John McCain has opened a 5-point lead on Democrat Barack Obama in the U.S. presidential race and is seen as a stronger manager of the economy, according to a Reuters/Zogby poll released on Wednesday.

McCain leads Obama among likely U.S. voters by 46 percent to 41 percent, wiping out Obama's solid 7-point advantage in July and taking his first lead in the monthly Reuters/Zogby poll.

That's a great story, hard-working journalists of Reueters, but I have a few questions. When was the Electoral College repealed and replaced by a nationwide popular vote? If it wasn't, why does it matter who leads in the popular vote? Shouldn't Al Gore be just ending his two terms of office—he won the popular vote in 2000 pretty easily?

Another question—what does it mean to say McCain would manage the economy better? How would one person "manage" the transactions of millions of people? Isn't managing the economy (wrongly in my opinion) left to the Federal Reserve Board?

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