economy

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false economy

An initial attempt to save money that ends up costing a person more money in the future. Although people often join wholesale clubs for the discounts, it ends up being a false economy because they spend more there than they would at a regular grocery store. Not getting regular oil changes might save you money in the short term, but it's a false economy because you'll ruin your engine.
See also: economy, false

gig economy

A labor market in which temporary or freelance work is common. A "gig" is a one-time job. After getting laid off from my full-time office job, I started doing freelance work, like many other people in the gig economy.
See also: economy, gig

It's the economy, stupid.

cliché The one thing voters care most about is the health of the country's economy. The phrase was coined by political strategist James Carville for Bill Clinton's presidential campaign in 1992. For all the scandals and controversies surrounding the governor, the thing most likely to unseat her in the upcoming election will be the lingering effects of the recession. After all, it's the economy, stupid.

kick-start

1. noun Literally, a metal bar on a motorcycle that one kicks down with one's foot in order to start the engine. Also called a "kick-starter." Jake hit the kick-start and peeled out of town on his motorcycle.
2. noun An action or event that serves to start, reinvigorate, or reactivate some activity, system, or process. Our productivity is beginning to slump. We need to come up with some kind of a kick-start for our employees.
3. verb Literally, to start a motorcycle by kicking down on a metal bar that activates the engine. Please don't kick-start your bike until I'm firmly on the seat behind you!
4. verb By extension, to start, reinvigorate, or reactivate some activity, system, or process. Politicians are hoping that the new stimulus package will help kick-start the economy.
Farlex Dictionary of Idioms. © 2022 Farlex, Inc, all rights reserved.

it's the economy, stupid

Failing to address economic problems. The phrase was invented by Bill Clinton’s strategist, James Carville, during Clinton’s 1992 campaign for the presidency. Carville suggested Clinton was a better choice for president than George H. W. Bush because Bush had failed to do anything about a recent recession. It hung as a sign on Clinton’s campaign headquarters in Little Rock, Arkansas. The New York Times writer and Nobel Prize–winning economist Paul Krugman used it: “What political scientists . . . tell us is that it really is the economy, stupid” (July 18, 2010). The term not only was repeated enough to become a cliché but gave rise to similar locutions for blame, such as “it’s the voters, stupid” or “it’s the oil spill, stupid.”
See also: stupid
The Dictionary of Clichés by Christine Ammer Copyright © 2013 by Christine Ammer
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References in periodicals archive ?
According to data from the WELT and its estimations of the world economy's growth, in 15 years, three out of the world's four largest economies will be Asian--including China, India, and Japan.
This is because a large number of economies around the world could fall into balance sheet recession all at the same time.
It has not only helped buoy domestic economies hit hard by the economic shocks of the late 1990s but also provided new markets for foreign companies.
The lessons of history are clear: market economies, not command-and-control economies with the heavy hand of government, are the best way to promote prosperity and reduce poverty.
The first elaboration, obviously written from the point of view of US economic and military supremacy, is little concerned with the fact that most of the weaker economies and countries are clearly in a position, not only of dependence but of outright submission (recall dependency theories).
economic downturn would slow imports, impacting the economies of Southeast Asia, Latin and South America and Canada.
As Foray and Lundvall stress, "knowledge and learning have become extremely important in determining the economic fate of individuals, firms and national economies" (p.
The gamble is that, in a world of rapid transportation and communication, unregulated corporate economies can deliver steady economic progress.
Growth in the world and the industrialized economies in 1995 was slower than expected.
"While Mexico attracted fame and notoriety with regard to NAFTA (the North American Free Trade Agreement) and the peso devaluation, other Latin American economies may offer good alternatives for hospitality investment in the next 18 to 36 months," he predicted.
But the underlying fundamentals were weakening in many economies. The United States began building up big trade and budget deficits.
The counter argument is that because the Asian economies and the larger economies of the eurozone have become so export-dependent (while facing serious demographic problems in the years ahead), it is unlikely that a strong burst of consumption will rise up to take the American consumer's place.
In financial services, growth is also expected to continue as international economies strengthen."
It was there, I suspect, that he was indoctrinated with the supply-side, anti-Keynesian economics that were supposed to have rescued the Western economies back in the Reagan/Thatcher era.
WHY ECONOMIES GROW: The Forces That Shape Prosperity and How We Can Get Them Working Again by Jeffrey Madrick Basic Books, $26.00
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