As the clock ticks rapidly toward the November 4, 2008 elections, the evidence is increasingly irrefutable that the only path to the White House and Congress is through, and definitely NOT around, the bread-and-butter impact of the global financial crisis on American families. A recent poll release by Bloomberg/Los Angeles Times added volume to a growing chorus of voter surveys indicating that there really isn't much point in candidates skirting the issue of the "serious economic crisis" now cited by more than 75 percent of Americans.
It's hardly surprising then that the leading issue across the nation is also the leading issue in the hard-fought Midwestern swing states, where the structural shifts in the U.S. economy away from "real economy" domestic industrial production in favor of Wall Street-led financial services in recent decades has been most in evidence. A recent Ohio Newspapers poll (PDF), found that 55 percent of likely voters thought free trade agreements - such as NAFTA - have been bad for Ohio's economy, with only 17 percent saying that such agreements had been good for the economy.
With this in mind, more than 70 (and climbing) television ads in federal races feature trade this election season (more than double the 2006 ad count), making it one of the hottest items on the 2008 political stage. For just one sample, see Ohio's 15th Congressional District where both sides of the congressional race for retiring Rep. Ralph Regula's (R-Ohio) seat feature ads on trade. Democrat John Boccieri's ad promises to "fight against trade policies that ship our jobs overseas," while Republican Kurt Schuring promises "fairer trade policies that would create jobs."
Public Citizen's Global Trade Watch division will be continuing to monitor the role that trade and globalization issues play in the 2008 elections, including a full analysis of the role trade and globalization positions play in shaping the actual outcome of both the presidential and over 100 congressional races. Our Trade in the 2008 Elections report will be released the morning of November 5th, just hours after the polls close.
Disclosure: Global Trade Watch has no preference among the candidates.