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Re: F6 post# 235913

Monday, 08/10/2015 8:22:57 PM

Monday, August 10, 2015 8:22:57 PM

Post# of 575277
“We consider the economy fundamental, or foundational, to presidential election outcomes,” write John Sides and Lynn Vavreck in The Gamble: Choice and Chance in the 2012 Presidential Election .. http://www.amazon.com/dp/0691163634/?tag=slatmaga-20 . There’s an almost linear relationship between economic growth and political success: If an incumbent party has growth, it wins; if it doesn’t, it loses. Yes, this is mediated by other variables, from foreign conflicts to tenure in office. But the overall pattern holds.

And what does 2016 look like? According to a range of economists .. http://www.nytimes.com/2015/07/19/upshot/the-economic-forecast-for-2016-and-what-it-means-for-the-election.html?ref=topics&_r=0&abt=0002&abg=1 , “The median forecast for the unemployment rate when voters go to the polls in November 2016 was 4.8 percent,” which would be the “lowest it has been during an election since George W. Bush and Al Gore faced off in 2000, when it stood at 3.9 percent.”

No, this doesn’t guarantee a Democratic victory, but it doesn’t hurt either.

http://www.slate.com/articles/news_and_politics/politics/2015/07/hillary_clinton_swing_state_polls_why_you_should_ignore_the_doomsayers.html?wpsrc=sh_all_dt_tw_top

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It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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