This struck me as an interesting point from Capital Commerce, one of my favorite blogs that links economics and politics:
"A record 26 percent of U.S. homeowners say the value of their homes has fallen during the past year, above the previous peak of 24 percent seen in 1992, a survey released on Friday showed. Reflecting the extent of the prolonged housing slump, 21 percent of homeowners polled in September expect the value of their home to decline in the year ahead, up from 18 percent in August, according to the data from Reuters/University of Michigan Surveys of Consumers." By the way, 1992 was a year when a Republican lost the White House despite a so-called good economy as measured by GDP growth.
Patrick Ruffini has pointed out to me that we lost New Hampshire and California in that year over the housing slump.
3 Comments
Zarathustra · September 25, 2007 at 8:28 PM
It’s doubtful that Perot cost Clinton California as Clinton almost won an absolute majority in that state 1992; Bush would have had to have taken almost 83% of Perot’s voters to have carried the state, assuming that all of Perot’s voters would have even voted had he not been on the ballot.
Zarathustra · September 25, 2007 at 8:30 PM
Corrigendum:
“It’s doubtful that Perot cost Bush California…”
Michelle Malkin » Is it 1992 all over again? · October 4, 2007 at 7:52 AM
[…] James Pethokoukis thinks so. So does Eyeon08. […]
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