Democrats' Pocketbook Campaign Comes Up Empty

 

Pollsters say there's no contest: Voters are more anxious about the economy than terrorism.

So it makes sense that the Democrats would zero in on pocketbook worries in their bid to grab Congressional seats.

But the strategy's been a bust. Though polls show Republicans have lost economic credibility over the past six months, Democrats haven't managed to pull ahead much on the issue -- not enough, anyway, to likely change control in the House.

So where did Democrats go wrong? One reason may be that voters simply don't buy the idea of partisan fix-its for the economy. Also, most likely voters are in decent financial shape, though the economy is weak. Then there's the mixed-message problem, with Democrats trotting out Republican-like economic plans.

"While the Democrats are able to ask the question, 'Are you better off than you were two years ago?' and a lot of people would say, 'No,' I don't think there's a sense out there that either party has a plan to deal with the stock market or get the economy back up," said John Zogby, head of Zogby International, an independent polling firm.

Voters prefer Democrats' economic policies by a mere 2% over the Republicans' (43% vs. 41%), according to a Zogby poll released Oct. 31. "Neither party's going into this election with an edge," he said.

The same poll showed that the economy and jobs scored as the top election issue for 20% of voters, easily outstripping the second-ranked issue, education, named by only 12%. Taxes came in third, while terrorism and safety tied with health care for fourth place, identified as the top issue by a mere 7% of voters.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,890.46 1,351.95 2,927.23 20.47
Oil *
118.75
UP
6.51
UP
1.99
UP
11.37
UP
0.72
10 Yr
2.05%
SPDR Gold
168.02
+0.05%
+0.15%
+0.39%
+3.65%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet