Campaigning in hard times

In case there was any doubt before, exit polls from the primaries now confirm a central truth of the '08 presidential election: The economy has replaced Iraq as the No. 1 concern of voters, and they are deeply worried. Slowing growth, rising home foreclosures, cranky consumer spending, nausea-inducing market swings, and the possibility of $4-a-gallon gas - that pileup of economic indicators has blanketed this presidential campaign with a chill not seen in 16 years. "Pessimism is not as deep as it was leading up to the 1980 or 1992 elections, but it could get there," says Karlyn Bowman, public opinion scholar at the American Enterprise Institute.

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