David Cameron of Britain’s Conservative Party seems like the favorite to win May’s general election, but that assumption is no longer a given. ++ Poll numbers between Cameron and Brown are narrowing, which could lead to the “Truman effect” where the underdog ends up winning. ++ This shift is the result of Cameron’s poor image management and Brown’s resonating message to voters that they already
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Keynesian economics prevail in times of economic turmoil. ++ Britain should “expect plans for higher borrowing, tax cuts, and more spending in Monday’s pre-Budget statement.” ++ While economists and politicians differ on intervention policies, Keynes emphasized the importance of restoring market confidence and preventing recessions from becoming politically dangerous. ++ “In a depression, a
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