A New U.S. Economy?

Abstract

America was due for a new economy—regardless of who won the race for the White House. But this truth was far from evident at the outset of what became the longest U.S. presidential election campaign in his- tory. Early on, most attention was focused on the role of the United States abroad and the level of corruption and mismanagement at home; economic policy, at first, did not pique the electorate’s interest. For too long it mattered little that John McCain did not understand economics as well as he should (at least, so he admitted).