James Carville's famous 1992 reminder, "It's the economy, stupid," kept the Clinton campaign focused and helped beat an incumbent President. Will that happen again?
The political and economic winds are very different now than they were then, so it's probably too simplistic to say, "the economy's bad, so the incumbent will likely lose." For one thing, in 1992 we had just slipped into recession. In 2012, we are in recovery. Direction of the economy may matter.
Some recent polls and surveys shed some light.
Read More