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The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 U.S. presidential election against incumbent George H. W. Bush. His phrase was directed at the campaign's workers and ...
The University of Michigan's twice-monthly Consumer Sentiment Index, for instance, plunged to a record low in the summer of 2022 when inflation as measured by the Consumer Price Index peaked at 9. ...
Political enthusiasts will recall the 1992 Clinton presidential campaign’s watchword: “It’s the economy, stupid!”
In 2021, inflation began to climb rapidly, with the CPI hitting year-over-year growth rates not seen in decades. And then, in June 2022, the CPI hit a staggering 9.1% — the highest rate in 40 years.
The phrase, although now almost always quoted in its current form, is actually an incorrect quotation: Carville's original slogan, which he first wrote as part of a poster displayed in candidate Clinton's campaign headquarters, was "The Economy, Stupid", with no "It's". [29]
It’s the inflation, stupid. Why was 2024 so difficult for incumbents? Post-mortems have found a common cause of death: inflation. Prices jumped in many countries after the Covid-19 pandemic and ...
Critics, such as Ben Wright and Ruchir Sharma, have called the term "condescending".In a March 2024 article for The Daily Telegraph, Wright felt the explanation for the discrepancy between the United States' economic performance and Americans' perceptions of it was obvious: inflation, price increases, and that Americans were saving less and racking up more debt.
It’s (Well, Was) the Inflation, Stupid. Other things played a big role last week, but, among the economic issues at play, inflation stands alone. Here, for example, ...