Will the GOP Blow It?

Justice Oliver Wendell Holmes said that a good catchphrase could stop thinking for 50 years. One of the often-repeated catchphrases of our time — “It’s the economy, stupid!” — has already stopped thinking in some quarters for a couple of decades.

There is no question that the state of the economy can affect elections. But there is also no iron law that all elections will be decided by the state of the economy.

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