ad info

 
CNN.com Allpoliticsallpolitics.comwith TIME
   
 

 

  Search
 
 

 
POLITICS
TOP STORIES

Analysis indicates many Gore votes thrown out in Florida

Clinton's chief of staff calls White House over vandalism reports

Gephardt talks bipartisanship, outlines differences

(MORE)

TOP STORIES

India tends to quake survivors

Two Oklahoma State players among 10 killed in plane crash

Sharon calls peace talks a campaign ploy by Barak

Police arrest 100 Davos protesters

(MORE)

MARKETS
4:30pm ET, 4/16
144.70
8257.60
3.71
1394.72
10.90
879.91
 


WORLD

U.S.

LAW

TECHNOLOGY

ENTERTAINMENT

HEALTH

TRAVEL

FOOD

Texas cattle quarantined after violation of mad-cow feed ban
ARTS & STYLE



(MORE HEADLINES)
*
 
CNN Websites
Networks image


Carlson Tucker Carlson is a CNN political analyst and contributes to The Weekly Standard and Talk magazines. He is providing exclusive analysis to CNN allpolitics.com during the election season.

Tucker Carlson: Taking credit for the economy may prove risky for Gore

April 6, 2000
Web posted at: 1:05 p.m. EDT (1705 GMT)

WASHINGTON (CNN) -- Talk to the people who write Al Gore's talking points and they'll tell you that their candidate is running for president on a variety of issues: health care, gun control, abortion, campaign finance reform, the economy. Listen to Al Gore's speeches and you realize that what Gore is really running on is the economy, particularly the booming stock market.

Or as it is now semi-officially known in the Clinton Administration, 'the Longest Peacetime Economic Expansion in History.' Gore alludes to the bull market at every appearance. "It didn't just happen," he reminds audiences.

In other words: "Bill Clinton and I made it happen, and I can make it continue."

But what if Gore can't? What if the recent tremors in financial markets were to develop into a full-blown earthquake? At that point Gore could find himself in deep political trouble.

If the economy goes south, Gore will discover that the essential rationale for his candidacy has evaporated. What will he run on then? His credentials as a campaign finance reformer? His personal charm?

Good luck.

No one prays more fervently for a continued economic boom than Al Gore. Unfortunately for him, even the Longest Peacetime Economic Expansion in History must come to an end at some point.

Two basic questions remain: When will the market cool down, and who will be blamed for it? The answer to the first question might be unknowable. The answer to the second could very well be Al Gore.

Prices on the Nasdaq plunged into near chaos earlier this week. Were the wild fluctuations a direct result of the Clinton Administration's suit against Microsoft? It is impossible to know for sure.

Cause and effect is difficult to prove when it comes to stock prices; many of the high tech companies in question were almost certainly overvalued anyway.

On the other hand, it shouldn't be difficult for the Bush campaign to pin the blame squarely on the policies of Clinton-Gore. More Americans have more retirement money tied up in stocks than ever before. Thanks to 401 K plans, the market is rapidly replacing Social Security as middle-income America's economic safety net.

Suddenly, fluctuations in the Nasdaq matter to ordinary people. It's easy to imagine how George W. Bush could harness the issue. When Al Gore and his Justice Department tampered with Microsoft, Bush might say, they tampered with your future.

Would it be a fair attack? That's debatable. But it would be a devastating talking point.

 
ELECTION 2000


CALENDAR
See how quickly the primary and caucus season will take off with this calendar.


VIDEO
Watch selected policy speeches and campaign commercials from the major presidential candidates.


WHAT'S AT STAKE


HISTORY
If you have a Flash-capable browser, take a look at the history of key events during the primary season.


CANDIDATE BIOS
Quick takes on the White House hopefuls.


RACES
If you need to know who's up in 1999 or 2000 and what seats are open launch this quick guide.


THE STATES
Who are your elected officials? What is the past presidential vote and number of electoral votes in your state? Find out with these state political and election facts.


POLLS
Check out the latest numbers or dig back into the poll archives.


WHO'S IN-WHO'S OUT
Who is running, who isn't running and who has already dropped out? Check out our tally sheet.


FOLLOW THE MONEY
How much money have the candidates raised? Here are their quarterly reports to the Federal Election Commission.


E-MAIL UPDATES
Receive news about a candidate by e-mail.

Your e-mail address: Mind-it Button


COMMUNITY



MORE STORIES:

Thursday, April 6, 2000


 Search   

Back to the top  © 2001 Cable News Network. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.