Relax: US elections don't drive consumer spending

Erik Kobayashi-Solomon

September 15, 2015

It’s not uncommon for opponents of a recently elected candidate to suggest that the mere specter of his policies can spook the economy into a slump. On November 6, 2008, two days after Barack Obama was elected president of the United States, radio host Rush Limbaugh took note of a falling stock market and noted, …

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