In this second installment of the election-year series, the panelists go at each other
over the question posed by Judge Sanders: "Will the economy and joblessness defeat Mr.
George Bush?" GM: "Number one, we've got a 7.3 per cent unemployment rate. That
makes any incumbent President vulnerable, particularly when you have one who is
widely perceived as being vitally interested in foreign affairs and being bored about the
domestic problems of the American people." . . . CC: "It would be difficult if the
economy went down for any President to do well in the fall, including George Bush.
However, I think we need to recognize that the Congress of the United States, particularly
the House of Representatives, has been controlled by one party since the early 1950s.
And that one party has been a party to the development of all of the programs and the
debt of this country because the spending and the taxing start in the House of
Representatives."
- Hoover ID: Program S0930
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