Little chance of victory for McCain

The business newspaper the Financial Times believes the Republican John McCain now has little chance of winning the US presidential election: "The financial crisis was always going to help the Democrats, because Mr McCain – a foreign-policy and national-security specialist – has never spoken with confidence on economics. But as the emergency unfolded he made this deficit far bigger with a series of instant manoeuvres and half-baked proposals rightly regarded as stunts. Under mounting pressure, his campaign has increasingly come to rely on unappealing, ill-tempered attacks on [his Democratic opponent] Mr Obama There is an air of desperation. The odd result is that the young, untested, inexperienced candidate in this election seems better trusted to cope with the next few difficult years than his well-known, hitherto well-liked, battle-hardened rival."

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