It’s Still The Economy
In 1992, James Carville coined the phrase, “It’s the economy, stupid,” referring to how the economy affects one’s personal finances. This phrase was credited with playing a big part in getting Bill Clinton elected President. The economy means different things to many people. Some give their attention daily to the stock market, i.e., the Dow, S&P, NASDAQ. Economists talk about the gross domestic product (GDP), tariffs, trade deficits, the Federal Reserve, and the national debt. While each of these aspects of the economy may be important to the economic engine of the country, ...