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Election 2020: It’s the Crowds, Stupid!

When Bill Clinton successfully unseated sitting President George H.W. Bush in 1992, Clinton’s campaign manager James Carville coined the phrase, “It’s the economy, stupid” as a campaign theme.

Despite a 90 percent job approval rating just a year earlier after a successful ground war in Kuwait, Bush squandered his political capital by reneging on his own campaign promise from the previous election: “Read my lips, no new taxes.”

Bush signed on to a Democrat tax bill, raised taxes, watched his job approval drop faster than Bill Clinton’s pants, and lost reelection in 1992.

In the Trump era, it’s still the economy, with record low unemployment, particularly for women, blacks, and Hispanics. The stock market has been on a tear, despite a recent and expected selloff. America is at full employment with more jobs available than employees to fill those jobs…

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