Have you noticed how quickly the campaign center has changed from the war in Iraq to the economy? Bush I helped push the economy down with a misguided tax increase, and lost the election even after his Desert Storm success pushed his approval ratings to 90%; Bush II pushed it down with a ‘guns and butter’ tax policy reminiscent of Lyndon Johnson who also tried to fight an expensive war and still proceed with his ambitious social agenda. Remember the War on Poverty?
The “guns and butter” analogy is from the old Samuelson Economics text warning of the dangers of supporting large military expenditures and large domestic expenditures at the same time.
Yes W is not running but the current successes in the War has moved the focus to the economy.