“It’s the economy, stupid.”
That famous phrase, uttered by advisor James Carville in 1992 to then presidential hopeful Bill Clinton, has resonated across the globe.
It doesn’t matter how successful a leader is at foreign policy, infrastructure, social policy or education. If the economy tanks, and voters end up worse off, you’ll soon be an ex-politician.
It makes little difference to an electorate that your government may have done better than all the others, or that it had to contend with a crisis.
The hip pocket is paramount.
So for the past quarter of a century, it has been de rigueur for prime ministers, presidents and treasurers globally not only to boast their economic credentials but to give off the illusion that they actually run the show.
…click on the above link to read the rest of the article…
