That’s what Yogi Berra exclaimed when Mickey Mantle and Roger Maris repeatedly hit back-to-back home runs during the early 1060′s. Those of us baseball fans who follow the economy and politics have had similar thoughts as we recall the sign that James Carville, Bill Clinton’s campaign strategist, hung in Clinton’s Little Rock campaign headquarters in 1992. It read, simply “The Economy, Stupid.” Twenty years later, Carville’s campaign advice still applies.
According to M. A. El-Erian, CEO of Pacific Investment Management Company,
Success here speaks to much more than whether it is Obama or Romney who wins the November presidential elections. It also relates to whether our political system as a whole can regain over time the ability to agree on a common economic vision, and to pursue it with the proper sense of shared responsibility, adequate seriousness and focused implementation.
Here’s the link to the rest of his summary: