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Economist Steve Moore told Fox Business Network correspondent Charlie Gasparino on Jan. 14, that Republicans would win the presidency if the current economic malaise persists in nine months.

“If we’re in this kind of economic rut nine months from now, the Republicans are going to win the election,” said Moore, a Distinguished Visiting Fellow at The Heritage Foundation.

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Fox Business correspondent Charlie Gasparino was discussing the upcoming GOP debate with Moore on Cavuto: Coast to Coast. The two were in the coliseum being used for the Fox Business Network’s Republican presidential debate in South Carolina the same day.

Gasparino asked Moore who he thought a bad economy would help in the 2016 presidential election.

“There is just no way Hillary gets elected in a down market,” Moore told Gasparino. He added that the election would be “a bit of referendum on Obamanomics.”