“It’s the economy, stupid,” strategist James Carville famously instructed campaign workers in Bill Clinton’s 1992 run against President George H.W. Bush. The president was blamed for a mild recession and lost the election.
It wasn’t so simple. The election was scrambled by H. Ross Perot Jr., the folksy Texas billionaire with charts, who won the most votes ever by a third-party candidate. Bush alienated GOP hard-liners by breaking his “read my lips” pledge and agreeing to a tax increase. Bush’s savvy management of the end of the Cold War and his success in the Gulf War couldn’t save him.
But a […]
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