Word: wescott
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...people are knocking at Robert Wescott's door these days to find out who might win the next presidential election. It's still too early for that. But the door knockers will be back. For Wescott, 38, a bespectacled forecaster recently named to a senior staff position on the President's Council of Economic Advisers, is the originator of an uncannily accurate political rule: the incumbent party wins re-election only if Americans' real disposable income grows at 3.7% or better during the 12 months prior to Election Day. Anything below that, and it's curtain time...
...happen, say experts. "The slowdown in the Japanese economy will not hurt the U.S. very much," observes Robert Wescott, senior international economist at the WEFA Group, an economic forecasting firm. "For political and economic reasons, Japan wants to maintain a solid relationship with this country. They will try to keep up imports from the U.S." The brunt of the Japanese recession will be felt in Asia and Europe...
...POCKETBOOK INDICATOR. A reliable way to predict whether a President will be re-elected is to look at the growth in Americans' real disposable income -- essentially their spending money -- in the 12 months before the election, according to Robert Wescott, an economist at Wharton Econometric Forecasting Associates. His study of postwar elections shows that every time growth was less than 3.8%, the incumbent party lost the White House. If Wescott's prediction for 1992 holds up, Bush faces trouble...
Rutgers has hired a new coach, Denise Wescott, who played for Maryland and was involved with the women's lacrosse program at Penn State. But the team has done no recruiting over the past year and is in a rebuilding stage...
Jimmy Carter out of office. But in 1964 income jumped 6.9%, and President Lyndon Johnson trounced Barry Goldwater. For 1984, Wharton Econometrics predicts that real disposable income will advance 6.2%. Says Wescott: "Historical analysis suggests that the economic playing field is tilted quite heavily in the incumbent's favor this time." Michael Evans, an economic consultant in Washington, is less cautious about his political forecast. "It is a landslide for Reagan," he says...