Monday, May 12, 2008

'92 vs. '08





The elections of 1992 and 2008 have a lot in common with each other when it comes to several different subjects. The first of which is like in 1992, this election year is one in which the Republicans have been in office for a good while and just like in the election of ’92, the economy is once again in the crapper. As we all know when the economy bombs, so does Presidential approval ratings, even though the President doesn’t have much to do with the situation anyway. In 1992 President George H.W. Bush couldn’t say Operation Desert Storm enough to drown out the troubled economy and it seems as if the economy could lead to the Republican Party’s loss again this year.
Americans rank the economy as a more important issue than the “war” in Iraq by a significant margin (30% as stated in one of my previous posts). This is what caused a shift in support in 1992 from Republican to Democrats and may be the cause of the same type of shift in support today. It may be that with problems here at home people forget more about the war as a social issue and focus more on the failing markets here at home. With less focus on the war people feel less threatened, and the more threatened people feel the more conservative people will vote. Being distracted from those “threats” by the economy’s shortcomings could cause people to vote less conservative.
With this in mind it seems as if this year’s main issue during the general election will be the economy. As Bill Clinton said in 1992 “it’s the economy stupid...” could be used as a campaign slogan this year in 2008. It seems as if this year Americans are more concerned with the burst of the housing market bubble and the downfall of our financial markets than they are with the war dragging on in Iraq. Also, the signs of the economy are directly affecting more Americans than the social issues are affecting them. People continue to see the gas prices rise and the markets struggle and the candidates talk about the issue more and more. Like 1992, in 2008, if the war is out of sight, it’s out of mind.
Some other similarities between the elections include the large number of Democratic candidates that ran for the nomination. However, the process for this year’s nomination was much more drawn out than it was in 1992. It will be interesting to see how the general election will play out especially with the economy being such a big issue this year. Also, it will be interesting to see how the war will come into play later on as well.

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