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The now well-known phrase, “it’s the economy, stupid,” was coined by James Carville during the 1992 presidential election.
Carville, the crafty Louisiana-born brain behind Bill Clinton’s campaign, even had the phrase written on the blackboard to remind the Clinton team that whatever else might distract them, the economy was the most important issue.
So it is 20 years later, in the aftermath of a financial meltdown in 2008 that has made the economy far worse than it was in 1992.
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