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Centre right parties squeezed by economic crisis

The economic crisis is hurting centre right parties as Dan Hannan predicted it would:

"In the current climate, what people see are fat-cat bankers being bailed out by hard-pressed taxpayers. And, instead of objecting to the bail-out, they object to the bankers and, by extension, to the free market culture they are thought to embody. The world over, Left-of-Centre parties are benefiting: Obama in the US, Brown here."

Since the onset of the crisis John McCain has fallen significantly behind Barack Obama.

The possibility of Prime Minister Stephen Harper winning a majority in Canada have also declined.  The opposition Liberals have moved up in recent polls.

It's not just an anti-incumbent effect either.

In the UK Labour's opinion poll disadvantage has been halved.  20% behind six weeks ago the Tory lead is now just 10%.  Labour now lead the Tories on some measures economic trust.

New Zealand's Labour Prime Minister Helen Clark has also stormed back in the polls.  With just four weeks to go until polling day one poll has the Nationals down 7% to 40.5% and the governing Labour Party up a point to 37.5%.  If repeated in November 8th's General Election that would produce a hung parliament.


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