Ask White House officials why Bill Clinton is unpopular, and the answer is almost automatic: Americans, they say, don't give him credit for their improving economy. Though growth is robust, inflation is tame and unemployment is at a four-year low, the officials argue that the uneven nature of the expansion has kept Clinton's approval ratings stuck in the mid-40s.
In fact, the opposite is true. Americans are giving Clinton credit for the economy -- and that's a measure of his political weakness. Without those big third-quarter profits and factories at full tilt, his advisers say, the President's standing in the polls...