3 ms·
It's also worth noting that the recession that started in Dec '07 was definitely a factor in the election of Nov '08 despite not being called til Dec '08. It's
by saalweachter 4y ago
It's also worth noting that the recession that started in Dec '07 was definitely a factor in the election of Nov '08 despite not being called til Dec '08.
It's reasonable to think that the fact of a recession is of more electoral consequence than the declaration; I'm a little curious if the common definition or the NBER definition correlates with incumbent (dis) advantage better.