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Re-election Economy Locks Bush In For A Second Term.(ISSUES & INSIGHTS)(VIEWPOINT)
Byline: Lawrence Kudlow & William P. Kucewicz
President Bush should win re-election handily if history is any guide.
In the post-World War II era, nine other presidents have asked voters to return them to office. Of these, six won voter approval (Truman, Eisenhower, Johnson, Nixon, Reagan and Clinton), and three were kicked out (Ford, Carter and Papa Bush).
The six victors had at least this much in common: They were all re-elected during times of economic growth, and when inflation and unemployment were relatively low. With only one exception, no president in the modern era has been turned out of office during economic expansion.
The exception was Gerald Ford. At the time he sought election (as opposed to re-election, having assumed the presidency following Richard Nixon's resignation), gross domestic product was growing, and the rates of inflation and unemployment were on the decline.
Tight Race
Yet voters turned thumbs down on Ford, largely on concern about his competence and in response to his unpopular pardoning of Nixon. Still, the election was close: Ford and Carter split the popular vote 48% to 50%.
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