Why is Obama Winning?
James Carville, Bill Clinton’s chief campaign strategist in 1992, famously expressed a bit of insider wisdom about winning elections: “It’s the economy, stupid.” But, if incumbent leaders are vulnerable in hard times – as George H.W. Bush was – why is Barack Obama on track to be reelected?
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PRINCETON – James Carville, Bill Clinton’s chief campaign strategist in 1992, famously expressed a bit of established insider wisdom about winning elections: “It’s the economy, stupid.” Incumbents win if the economic outlook is rosy, and are vulnerable – as George H. W. Bush was – when times are hard. Indeed, throughout Europe – in France, Greece, Ireland, Portugal, Spain, and the United Kingdom – governments have been turned out of office in the face of a crisis that they have seemed unable to address.