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John Ivison: The government-killing malaise of stagflation looms for the Liberals

In March 1991, after winning a decisive victory in the first Gulf War, 90 per cent of Americans approved of then president George H.W. Bush’s job performance.

Eighteen months later, with the U.S. in recession, 64 per cent disapproved of his administration.

In November 1992, Bill Clinton was elected as the 42nd president of the United States, on the back of the unofficial slogan: “It’s the economy, stupid.”

Singh and Trudeau. Remember them.

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