Just because something was true in the past, does not mean it will be true in the future, especially when you are dealing with people.
Clinton was able to win over the first Bush (with a lot of help from his friends in the media). That does not mean that the current President Bush will lose over the economy.
There are many more factors in play, then simply the economy. Perhaps after the 2004 elections, the common wisdom will catch up to the shift that took place first with the internet, and sites like FreeRepublic, and second with 9/11.
Besides, the economy is growing at almost 4%--I believe that the "booming" Klintoon economy never once achieved that rate of growth before it started to fall in 1999 and 2000. Not that the media dwelt too much on the faltering Klintoon economy or the current economic growth; it doesn't fit their agenda.
There are many more factors in play, then simply the economy.
Yep.