Personally, I think this big. Or maybe more accurately, could be big. Paul Volcker has a tremendous amount of economic credibility; something he earned while destroying inflation and rescuing the US economy in the early 80's. Volcker is no market/economic push-over like our current Fed Chairman and he has not endorsed anyone before.
I think that if Obama plays this right, he can appeal even more to fiscally minded R's and I's and increase his margins in primary states where people can still change their registration between now and primary day. Volcker, more than anyone, can recognize a crappy, inflationary/stagflationary US economy (basically we're ephed...and yesterday's further cut made us more ephed) and he believes Obama is most qualified and has the right policies/beliefs to help combat our bleak outlook. This may not sway rank-and-file, labor D voters, but it should help continue to bring new voters to the polls to vote for Obama that would otherwise stay home or vote in a different primary.
That is, if Obama plays this right.
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