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Ian Anson – A tale of two GDPs: Why Republicans and Democrats live in different economic realities

Back in 1992, Democratic strategist James Carville uttered his famous recommendation to Bill Clinton ahead of the 1992 election: “It’s the economy, stupid!” Political scientists beat Carville to the punch, though: As far back as the 1950’s, scholars were uncovering evidence that presidential candidates of the incumbent party tend to win when the economy is strong on Election Day. Presiding over a gloomy economy, in contrast, …