Woeful Opportunity

The recent disaster on Wall Street will almost certainly have a major impact on the presidential election. The ongoing upheaval and the federal government's response to it are currently dominating the news at all levels. The problem is seen as still developing and promises to last well past the election.
The current situation may provide Sen. Obama his best opportunity to regain the momentum in this election. There is no doubt that a souring economy has a negative effect on the current administration's party. Republicans don't generally like the idea of government coming to the rescue of privately owned institutions at the citizen's expense. And although Senator Obama isn't seen by every media outlet as having a strong, clear plan for the country's economic future, the focus will eventually turn from what is happening to why it happened. If Senator Obama can persuade the media that he has a strong economic plan the American people will grasp easily and quickly, then the majority of media outlets will be more likely to present his plan as an alternative to, or "change" from the current economic plan.
It will be interesting to see how, as the days pass, the conservative media outlets respond to the purchase of AIG by the federal government.