Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Home – Midterm Election News – Victor Davis Hanson: 1992 Election Warns GOP It Must Sell Its Economic Record Before the Midterms

Victor Davis Hanson: 1992 Election Warns GOP It Must Sell Its Economic Record Before the Midterms

Editor’s note: This is a lightly edited transcript of “Victor Davis Hanson: In His Own Words” from Daily Signal senior contributor Victor Davis Hanson. Subscribe to Victor Davis Hanson’s own YouTube channel to watch past episodes.

Sami Winc: Quickly, on Donald Trump’s speech, I thought some of the more strident things were that he basically was showing we entered a new era. We’re beyond the Cold War paradigm, and we’re into a whole new paradigm, and I think he’s right about it, where our strategic interests are going to play out for us on the world stage. 

And then, yeah, I was wondering about… I thought that was a great speech. 

Victor Davis Hanson: I’m really worried about the midterms, not because of the record, but because they’re not getting the message out. And I know we’re going to talk about the midterms, but it reminds me so much of 1992. George H.W. Bush was running for reelection. The recession, the ’90-’91 recession, kind of caused by a similar thing, the First Gulf War, where there was a disruption. The Kuwaiti oil fields were up in, everybody panicked. It caused a recession. 

And three things happened. Three things happened. They’re all instructive for this year, for the midterms. 

Number one, the Democrats demagogued the economy. So Al Gore stormed the country and said, “This is the worst recession since the Great Depression.” James Carville, “It’s economy, stupid.” Bill Clinton, “I just want to say we’re, we’re in depression level.” 

Canada’s MAID Nightmare Gets Even Worse

The Most Surprising Number in New Midterm Poll

Victor Davis Hanson Challenges Tucker Carlson: Show Me Where I Called Hiroshima ‘Glorious’

And then you looked at the actual data. The economy in 1992 grew by 3.5%, not two quarters. The recession had been over for a year and a half. 

Number two, the inflation, despite the oil spikes, was about 3.5%. Unemployment was high, about seven, but it was going down. And the stock market, the Standard & Poor’s and the Dow Jones, had gone up by 10% that year. So it was recovering. 

The GDP in ’92 was higher than it was under the first year of Clinton. 

But you know what? They didn’t reply to it. They did not reply to it. 

You know, there were a couple of........

© The Daily Signal