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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. ...
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 ...
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.
Political enthusiasts will recall the 1992 Clinton presidential campaign’s watchword: “It’s the economy, stupid!”
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 ...
“We lost for one very simple reason: It was, it is and it always will be the economy, stupid,” Carville continued. “We have to begin 2025 with that truth as our political north star and not ...
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, ...