Yes it's me again, your Australian friend. In the light of the latest financial turmoil over the past few weeks, perhaps it's now time to examine the issue that I believe will define the election.
In the 1992, the slogan "It's the Economy, Stupid" became a mantra in the Clinton campaign. In 2008, I think we need to make an adjustment to our mantra. Why? Because across the western world, we are feeling a sense of disconnect between what our government is telling us about the economy, and what we are feeling. Despite GDP growth, and only moderate rises in unemployment, people are hurting badly. And it can be summed up in a three word phrase.
What phrase am I talking about?
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