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World

It isn’t necessarily the economy, stupid!

18 May 2020

7:59 PM

18 May 2020

7:59 PM

‘It’s the economy, stupid!’ With those now famous words, the Democratic strategist James Carville summarized the 1992 election between President George H.W. Bush and Arkansas governor Bill Clinton. Carville captured a fundamental reality. From 1932 to today, only three incumbent presidents have lost their reelection campaigns: Herbert Hoover in 1932, Jimmy Carter in 1980 and H W Bush in 1992.

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