How a Brexit Could Sink Clinton and Hand the Election to Trump–The Fiscal Times

A Brexit flotilla of fishing boats passes the Houses of Parliament as it sails up the river Thames in London on June 15, 2016
Ciro Scotti writes at The Fiscal Times: In June 1992, the unlikely presidential candidacy of a brash young governor from Arkansas was gaining strength, and after the Democratic convention that July gave Bill Clinton an enormous bounce in the polls, he and running mate Al Gore never looked back. The Democrats faced incumbent Republican President George H.W. Bush, and two factors proved decisive: the state of the economy and the third-party candidacy of businessman Ross Perot, who in the spring of 1992 was ahead of Bush, with Clinton in third place. After the smashing victory of the Persian Gulf War in 1991, Bush had an 89 percent approval rating. Two years later he lost his bid for re-election in the face of a weak economy. Although the 1990-91 recession was mild by historical standards, unemployment remained stubborn and reached its peak of 7.8 percent in June 1992. The mantra of the Clinton campaign was as simple as it was effective: “It’s the economy, stupid.” Now, 24 years later, it’s the economy that could threaten the election of Hillary Clinton. If Britain votes to abandon membership in the European Union next week, the impact on the global economy could be severe