Whenever the index of consumer confidence averages 95 or better in an election year, the incumbent wins; when it’s under 95, he loses. For example, incumbent George W. Bush won with a reading of 96; Bill Clinton, with 105. This year, the index has averaged 67, leaving virtually no chance that it can make 95 for the year as a whole.
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Grace M. Ballentine (American, 1881-1978), Morning Mist, ca. 1948. Gelatin silver print. Smithsonian American Art...
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