The Responsible Congressional Electorate: Watergate, the Economy, and Vote Choice in 1974

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Abstract
Most analyses of the 1974 congressional elections have failed to find significant effects for either Watergate or personal financial conditions, despite the prominence of both of these issues in the campaign. An alternative thesis argues that the effect was indirect, through the selection of better-than-usual Democratic candidates and weaker Republican contestants for House seats. Reanalyzing campaign finance data, we challenge this thesis and then move on to a different type of analysis from that which traditionally has been done in retrospective voting studies. With the use of the 1972-1974 panel of the Center for Political Studies, we examine separately the voting behavior of what V. O. Key, Jr. called “standpatters” and “switchers.” The former are motivated primarily by party identification, with small Watergate effects. Our probit analylsis for switchers, on the other hand, finds much weaker party identification effects, but, interestingly, much more pronounced Watergate and economic impacts. Furthermore, an analysis of the sample compared to the population of districts in 1974 suggests that a more representative sample would lead to even more pronounced impacts for Watergate and the economy than even we have found.