It’s the Economy, Stupid Democrats By: Jon Walker Monday July 12, 2010 12:55 pm
Growth in real disposable income leading up to an election is a near-perfect predictor of how the incumbent party will do, says Ezra Klein in a perceptive article. This close correlation should not be surprising. People judge the majority party based on how much their personal economic standing has improved or deteriorated, as well as their friends’ and family’s.