WASHINGTON, Nov 9 2012 (IPS) - Twenty years ago, Democratic pol James Carville immortalised the phrase Its the economy, stupid in explaining how former Arkansas governor Bill Clinton would unseat President George H. W. Bush, who was riding high off his smashing military victory in the first Gulf War. Now, 20 years later, pros in both parties appear to agree that It was the demographics, stupid that best explained how President Barack Obama defeated former Massachusetts Gov. Mitt Romney, despite four years of hard economic times and a nearly eight-percent unemployment rate. Read more: Source
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