FISCAL POLICY AND PRESIDENTIAL ELECTIONS
A final problem with the political business cycle theory is that other issues sometimes compete with the economy for voter attention. For example, in the 2004 election, President Bush’s handling of the war on terror, especially the war in Iraq, became at least as much of a campaign issue as his handling of the economy.
SOURCES: Burton Abrams, “How Richard Nixon Pressured Arthur Burns: Evi
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03 Dec 2015