Daily News endorses Obama

IN a very real sense, this election has become about hope and despair. Daily News.

On one side there is a sinking sense that America is losing its position as center of the Western world. There is despair that this one-time beacon of opportunity, bounty, democracy and decency that our forefathers dreamed of and people break laws to get into is disappearing.

Our financial markets are roller-coasting, our banks sit on the edge of collapse and our economy is in such shambles we can't see the bottom of the mess. We're stuck in a prolonged war in Iraq that no longer seems strictly winnable but keeps gobbling up billions of dollars each month - and the lives and futures of many of young Americans.