I think Obama saw this. In some of his radio commercials, he said (to paraphrase) "Don't ask yourselves if you're better off than you were four years ago, but if you will be better off." He saw the implications. Too bad McCain and the GOP didn't.
Yep! That’s another full blown issue that McCain completely avoided. I think McCain was more worried about not making enemies from Democrats as he goes back to the Senate. And when you run to not really win, you lose — as McCain showed.