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Mitt Romney in Fairfax, election prediction.

6 Nov

Originally Romney was going to hold his Fairfax, VA speech at the Recreation and Athletic Complex, which seats 1500 plus standing room (say 3k total?).  High demand pushed it to the Patriot Center, which seats 10k (inside!). There were thousands of people OUTSIDE the Patriot center who weren’t let in by the fire marshall.

The Patriot center is the venue that Obama didn’t even TRY to fill two weeks ago! Instead he filled the CFA next door, which seats 2000!! (Obama also had held a rally at the Rec complex.)

At this point, Nate Silver predicts a 92% chance of an Obama victory. So I guess there’s no better time to double down on my own prediction.

I still think the presidential election will be close, and that Romney will win with less than 300 electoral votes. The independent vote has gone from +8 Democrat to (variously) +22 R (!), or +1 D, or +7 R. And party affiliation has moved from +7.6 D to +5.8 R. Republicans actually outpolled Democrats in 2010, and as the party affiliation survey shows, there has been consistent movement in the R direction.

Most polls count likely voters as 75% or more of the registered voters. The CNN poll counts 75%, most other polls are higher (Rasmussen being a counter example). But the highest percentage of actual voters in 2008 was less than 73%, and no one believes Obama will get the vote out as much as he did then.  His audiences are much, much smaller now. In 2004, less than 70% of registered voters voted. In 2000 it was even lower.  UNlikely voters swing Democrat, so a lower percentage of voters voting is likely to decrease the percentage of Obama votes.

Polls with larger voter samples favor Romney.

Romney has drawn 30k+ in several swing states:

Romney has polled +1 in Minnesota, +4 in Pennsylvania, +1 in Michigan. I doubt he wins any of those, but the simple fact that the polls are close is shocking.

Ultimately, I agree with the conclusion from this article:

We can’t know until Election Day who is right. I stand by my view that Obama is losing independent voters decisively, because the national and state polls both support that thesis. I stand by my view that Republican turnout will be up significantly from recent-historic lows in 2008 in the key swing states (Ohio, Wisconsin, Colorado) and nationally, because the post-2008 elections, the party registration data, the early-voting and absentee-ballot numbers, and the Rasmussen and Gallup national party-ID surveys (both of which have solid track records) all point to this conclusion. I stand by my view that no countervailing evidence outside of poll samples shows a similar surge above 2008 levels in Democratic voter turnout, as would be needed to offset Romney’s advantage with independents and increased GOP voter turnout.

And if Barack Obama wins, I agree with this article: he will be a huge lame duck, unable to work with mounting opposition in congress. Especially if he wins the electoral vote while losing the popular vote. That would be the worst case scenario, a demonstrably unpopular president backing his way into office.

I hope, and think, that’s not going to happen.



Smash the state, re-elect Obama

30 Oct

In case you had any doubt (photo taken in Fairfax, VA about a month ago):

A few days before the storm, an extremely unscientific count of Obama and Romney signs in the neighborhood was 16 to 8. In favor of Romney.

US Economy under Obama

9 Oct

Barack Obama inherited an economy that was in the worst crisis in thirty years. Lets review what he promised and the results.

With the unemployment rate rising, the incoming Democratic administration passed an $800 billion stimulus package. Economists Christina Romer and Jared Bernstein presented a report that projected unemployment with and without the stimulus plan.

The report was, obviously, way off on its presumptions and conclusions. Where the report predicted (with the stimulus) that unemployment would not go above 8%, in actuality it has not gone below 8% until this past month. And the main reason for the decline in unemployment has been people stopping looking for work:

Last December’s unemployment rate was 8.5 percent.

So Romney said specifically:
“The reason it’s come down this year is primarily due to the fact that more and more people have just stopped looking for work”

The above analysis shows he’s correct. Whereas the headline unemployment rate has dropped from 8.5 percent to 7.8 percent this year, if there were the same number of people looking for work today, as there were in December 2011, the unemployment rate would have only dropped from 8.5 percent to 8.35 percent today.

Household income has fallen 8.2% under Obama. Joe Biden said that the “middle class has been buried the last four years”, and he’s right:

1. According to an analysis of Census Bureau data by Sentier Research, August 2012 median annual household income of $50,678 — 5.7% lower than the median of $53,718 in June 2009, the end of the recent recession and beginning of the “economic recovery.”

2. Real disposable personal income has been flat since the recovery began and remains at depressed levels

3. The U-6 unemployment rate — which includes part timers who wish they had full-time work — remains at stratospheric levels

In August 2010, Obama’s Secretary of the Treasury said “welcome to the recovery.”

We have an $800 billion stimulus that appears to have been wasted, $5.1 trillion added to the national debt since 2009, and unemployment that would still be 10.7% if not for workers who simply stopped looking for a job. We need a recovery from the recovery.

Obama era budget deficits

7 Oct

Glenn Reynolds remembers a Washington Post graphic from four years ago, showing the difference between the Congressional Budget Office‘s estimates of future budget deficits versus the White House’s estimates.

Here is that graph with the actual budget deficit in green.  The combined White House underestimate of the deficit for four years is about $700 billion.