The Economist backs Obama

he Economist is the latest news organisation to give Barack Obama its endorsement in the US presidential race.

The UK-based has worldwide sales of over 1.3 million – of which some 747,000 are in the US, so it will be seen as a significant boost for the Obama campaign. It should also cement Obama’s image as the candidate most likely to be able to deal with the economic crisis.

The Economist states that Obamam offers the better chance of restoring America’s self confidence.

According to Editor and Publisher – in terms of US daily newspaper endorsements, Obama leads McCain by 234 to 105.

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