CNN senior political analyst
DES MOINES, Iowa (CNN) -- The 2004 election was about terrorism. The 2006 election was about Iraq.
As the stock market continues to suffer losses, the economy is now the top issue in the presidential race.
What's the big issue going to be for 2008?
Remember "the economy, stupid"? That was in 1992 -- the last time the U.S. had an economic election. Another Bush, another Clinton, and that year the nation experienced an economic downturn.
Now, for the first time in more than four years, a majority of Americans, 57 percent, believe the nation is in a recession, according to a CNN/Opinion Research Corporation poll released Tuesday.
The poll's margin of error on that question was plus or minus 4.5 percentage points.
The economy is now the biggest issue in the presidential campaign. Twenty-nine percent of poll respondents said the economy was their top issue, compared with 23 percent who listed the Iraq war -- a reversal from October's results, when 28 percent listed the war and 22 percent pointed to the economy.
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