90% Chance of Obama Win; Three Things Romney Needs to Win; Election Night Coverage With Mish on National Syndicated Radio

This election is all over but the final tally. I expect the winner to be announced soon after the West coast voting is closed.

The networks would all have you believe the election is a toss-up. For example, the Wall Street Journal just today reports Obama and Romney Deadlocked, Polls Show.
President Barack Obama and Mitt Romney crisscrossed the country Sunday to energize supporters in key states, as new polls forecast a down-to-the-wire election and both sides claimed they had the momentum to win.

The Romney camp, combing through surveys taken in the waning days of the campaign, pointed to strength among independent voters, anxiety over the economy and greater enthusiasm among conservatives as signs that the Republican would win, potentially with victories in states such as Pennsylvania and Minnesota that a GOP presidential candidate hasn't carried for decades.

Obama aides exuded similar confidence, citing polls showing the president remains resilient in potentially decisive states such as Ohio and Virginia.
Wall Street Journal Tossup Map

The Wall Street Journal depicts an election map that looks like this.

Quite frankly that map is complete nonsense. The idea that Obama can carry North Carolina or Indiana is as silly as the idea Romney can win Pennsylvania or Minnesota.

Spotlight Ohio

To help understand why Obama's chances are much greater than people think, simply look at the latest polls for Ohio.

The Real Clear Politics average projection is that Obama will carry Ohio by 2.8 percentage points. That is within the margin of error of the polls so the media calls Ohio a tossup.

By the same reasoning, the Wall Street Journal called Indiana, North Carolina and a grab bag of other states a tossup.

Well they are not. I was on Coast-to-Coast live national radio last night and told George Noory the odds of an Obama win were about 90%.

The reason is while every one of those polls may have a sampling error of say 3% the odds that all of the polls having a sampling error (in the same direction) of 3% is very small.

Only one poll out of 12 calls the election a tossup. The election is only a tossup if you think that is the one and only poll worth watching.

Similar analysis shows that Indiana and North Carolina are not in play either. This thought process should be easy enough to understand, on a state by state basis.

National Polls

National polls show the election to be very close. And on that score it is. Moreover, one thing Romney had in his favor recently was a consistent lead in national polls.

This lent hope to Romney Supporters for the idea the state polls were wrong and overly biased for Obama.

Well that changed in the last couple days. I believe it has to do with Obama's handling of hurricane Sandy coupled with some really inept ads by Romney that were factually incorrect and auto-makers called him on it.

Whatever the reason, Obama is now ahead nationally.


I wrote about Virginia five days ago in Governor Chris Christie Strongly Praises Obama's Response to Sandy; Could Christie's Comments Tip the Election?
Will Christie's Comments Tip the Election?

New Jersey, Christie's home state is solidly in the Obama column. However, storm-damaged Virginia is in a virtual dead heat. Praise from Governor Christie certainly cannot hurt Obama's election chances.

Mathematically, I do not believe Romney can win if he loses either Ohio or Virginia. Romney certainly cannot win if he loses both of them.

Here is question of the day: Is this genuine praise or is Christie looking to run for president in four years? I suggest both.

Regardless, widespread perception that Obama is doing a good job in response to Sandy, fueled by gushing praise from Christie may be enough to tip Virginia into the Obama column, and the election right with it.

In email exchanges with several readers who said I was off my rocker, I privately predicted Obama would carry Virginia.

Indeed, the latest polls now show Obama to be slightly ahead in Virginia.

Media Bias

Media has a clear and persistent bias, not necessarily for one candidate or the other (although some networks are clearly biased one way and others a different way). Rather, the bias I am taking about is a bias to keep you interested.

Regardless of who you are for, or who they are for, they all want you to tune in on election night and watch. The best way to do that is to pretend the election is a tossup when it's not.

It's like watching a football game where your team is down by 3 touchdowns with 5 minutes to go and the announcers pretend there is a reasonable chance of a comeback.

Assessing the Odds

This is all easy enough to see, provided of course you have an open mind on such things. The simple fact of the matter is most people do not have an open mind.

In general, people believe because they want to believe. They get mad at you when you say their candidate will lose, no matter how unrealistic the odds.

I am not a pollster, nor do I have a good way of assessing the odds. On my own accord I would have rated the odds about 2-1 last week and I would have them at 3-1 now?

So where does 90% come from?

The answer is a slight adjustment to the analysis by Nate Silver in his Five Thirty Eight Political Calculus Blog for the New York Times.

On November 3, Nate wrote For Romney to Win, State Polls Must Be Statistically Biased.

President Obama is now better than a 4-in-5 favorite to win the Electoral College, according to the FiveThirtyEight forecast. His chances of winning it increased to 83.7 percent on Friday, his highest figure since the Denver debate and improved from 80.8 percent on Thursday.

Although the fact that Mr. Obama held the lead in so many polls is partly coincidental — there weren’t any polls of North Carolina on Friday, for instance, which is Mr. Romney’s strongest battleground state — they nevertheless represent powerful evidence against the idea that the race is a “tossup.” A tossup race isn’t likely to produce 19 leads for one candidate and one for the other — any more than a fair coin is likely to come up heads 19 times and tails just once in 20 tosses. (The probability of a fair coin doing so is about 1 chance in 50,000.)

Instead, Mr. Romney will have to hope that the coin isn’t fair, and instead has been weighted to Mr. Obama’s advantage. In other words, he’ll have to hope that the polls have been biased in Mr. Obama’s favor. (I recognize that ‘bias’ is a loaded term in political contexts. I’ll explain what I mean by it in a moment.)

I encourage you to read that article because Nate discusses sampling error, margins of error, time-frames and models.

Nate concluded But the state polls may not be right. They could be biased. Based on the historical reliability of polls, we put the chance that they will be biased enough to elect Mr. Romney at 16 percent.

Nate had the odds at 84-16. I used that as my starting point and asked the question "which way is momentum going?"

Right after the first debate and for two weeks following momentum unmistakably shifted to Romney. I was not reading Five Thirty Eight at the time but I thought the presidents chances dipped to 60% and he would lose if he messed up another debate. He didn't mess up another debate, and momentum to Romney stalled.

Momentum changed back to the president with Hurricane Sandy. There is a possibility that Sandy was just a coincidence and the momentum towards Romney simply played its course and shifted.

Nonetheless, and regardless of reason, four news polls show Obama in the lead in Virginia, and it is now conceivable Obama could lose Ohio and still win the election by picking up smaller states like Nevada, Iowa, and New Hampshire (states the president is actually favored to win).

Romney's only hope right now rests on three factors, all of which much be true for him to win the election.

Three Things Romney Needs to Win

  1. The state polls are wrong
  2. The national polls are wrong
  3. Momentum did not shift to Obama

With a tip of the hat to Nate Silver, I rate the odds of that parlay for Romney to be 10%.

Election Night Coverage With Mish on National Radio

Regardless of the outcome, I will be on Coast-to-Coast national syndicated radio with George Noory to discuss the election results and the impact on the stock market and jobs.

The broadcast starts at midnight Central, 10 PM Pacific.

Click here for a station in your area, many of which have an internet broadcast feed, even if none are close by.

Please tune in. And by the way, don't blame me regardless of who wins, I am just the messenger (and I am not voting for either of them).

"Wine Country" Economic Conference Hosted By Mish
Click on Image to Learn More

Mike "Mish" Shedlock


News for factory,Allied Cash Advance,Photography,Beach Water Park,Educational Leadership,Vacation And Travel,Wedding Dress,Family Vacation Packages,Casino and Gambling,Health Insurance,Best Auto Insurance ( BAF ),Web Hosting Professional,Home Design And Remodeling,Information Property For Home,Wireless TV Networking,Business Plan Guide,Educational Guide,Custom Essay Writing Service,Plumber Service And Repair,Property House,Architectural House Plans,Car Auto Services,Computer service and repair,Computer Networking,Business Planning Strategies,Womens Giving,Healthcare and Medical Jobs,Retail Inkjet Solutions,Online Casino Games,Alcohol Drug Treatment,Web Designers,Apollo Amatuer Night,Public School Performance,Kanza Museum,Cap Inter Entereprises Emploi,Culinary Tourism,Business Traveller,Bridal Expo,Container Atlas Architecture,Culinary Tours - Packages and Travel,Dancing Ink Productions,Defend Automotive Group,Real Finance Group,Business Consulting Services,Home Design Audio,Health Projects International,Health Resources,Health Effects of Alcohol,History of education,Vietnam travel guide,Westland Foundation,Lighting Business,Networking Business Professionals,Housing Decoration,Future Business,Health and Beauty Tips,Hotel Cafe and Restaurant,Enhancing Education,Home Improvement Projects,Political Philosophy,Healthy Grieving Process ,Unique Weddings in New Orleans,Art Plus Science ,Advantage Business Media,Mutual Financial Services,Adventure Travel and Holidays,Alternative Medicine Treatments,Web Design and Marketing,Electronic Payment Solutions,Life Success in Business,Devium Car Interiors,Easy Divers Academy,Water Treatment Process,Software Development Company,MSDS Translation Language,Orion International Technologies,Refreshing Summer Wine Guide,Learn Technical Writing,Health Spa and Resort,Creative Book Publishing,Positive Business Mentality,Charter Healthcare,Discount Hotel Rates,United Industries,Warrior Insurance,County Tourism and Vacations,Wedding Ring Jewelry,Studio Design Decorative,Journalism Careers,Gaming Accessories Computing,Business Strategy Consultant,Cefori Technologies Information,Physics and Astronomy,News Fashion,Business Online,Michigan Apartments,Legal Information Institute,Guide Fashion Shipping,Home Insurance Quotes,Web Design Trends,Musical Instruments and Gear,Travel and Leisure,Importance of Education,Auto Financing Loans,Contractor Business Systems,Business Travel,Importance of Sex Education,Education Classroom,Creative Idea Laboratory,Luxury Paradise Vacations,Healthiest Alcoholic Drinks,Sports Betting,Business Environment,Business Directory,Internet Services,Top Styles,Architecture and Design,Discovery Travel and Tourism,Drug Abuse Treatment,Cheap Auto Financing,Business and Technology,Online Trading,Casino Gambling,Easy Online Shopping,Education Games,Social Media Networks,Online Dating,Luxury Honeymoons,Media and Entertainment,Home Decorating Ideas,Insurance Services,Payday Loans Online,Beechwood Travel Guide,Paradise Garden,Business Trends Consulting,Expert School Consulting,Latest Fashion Trends,Alternative Health Care,Technology Trends In Society,Health Technologies Resources,Island Wedding Services,Network Society,Gambling Experts,Medical Insurance Expert,Home Repair and Remodeling,Sexual Health Services,Education Resources,Automotive Solutions,Michigan Trade Associations,Luxury Fashion and Accessories,Theoretical Physics,Financial Advice,Adult Online Dating (Escorts),Pets Health Insurance,Better Homes and Gardens,Avastone Technologies,Discover Student Loans,Sports Authority,Vitamins and Supplements,Business Systems Online,Food Network Recipes,Business and Government,Smart Legal Strategy,Occupational Health Care,Music Education,Online Dating Tips (Expert),Online Marketing Lexikon,Citizens Council Network,Economics and Finance,Fashion Entertainment News,Luxury Travel Destinations,Online Auto Insurance,Home Improvement Loans,Building Business Foundation,Human Resource Consulting,Educational Media pay day loans
life insurance quotes
Credit Loans (finance)
Foreign Auto Parts
Health and Fitness
Drug abuse effects
Destination hotels and resorts
Professional Financial Marketing
Personal Finance
Computers and Technology
Auto Insurance
Real Estate Property
Computer Graphics Technology
Home Improvement
Arts music schools
Online Education Classes
Hotel and Travel
Security development program
Business auto loans
Medical And Public Health Organizations
Land and Homes
Better Health Kids
Engineered Heating
Trade Finance Services
Switzerland Tourism
Casa Travel
Clothing Accessories
University of Technology
Best Law Schools
Marketing Technology
Vacation Tour and Travel
Insurance Agents and Insurance Brokers
Construction Engineering
Healthy Home Economist
Masters Home Improvement
Michigan Web Design
Personal Online Banking
Health Education Foundation
Travel Pack
Real Estate and Home Ideas
Museum Vacations Travel
Free Statistical Software
Blog Free Statistical
Buying and Selling Real Estate
Educational Play
Big Top Business
Alternative Health
smooth skin
Products and Services
Construction Project Management
Northside Car Service
Online Essay Writing
France Health
Europe Program Modernization
European Travel Destinations
Science and Technology Project
Online Store Marketing
Law Society Consulting
Business Networking Company
Motivation to Study
Metropolitan Hotel
Technological Innovation
EAP Business
Travel Guide and Virtual Tours
The Business Partnership
Accessible Accommodation
Entertainment News
Medicines Agency
Carpet Cleaning
International House
VIP Shop
Online Clothing Shop
Institute Education Religion
Ford Escort Team
Shop Engine Part
Computer Hardware
Medical Career
Paris Construction
Professional Translation
Streaming Wizard
Alcoholism and Drug
Medical Laboratory
Commerce Business
Educational Kids Play
Space Education
Home Repair Volunteer
Fashion Talent
Health and Safety Executive
Play Web Games
Travel and Surfing
Property and Estate Agents
Technology Group Solutions
Student Service Center
Construction Industry
Media Center Computer
Teny Fashion
Home Remodeling Services
Inspector Network
Car Rentals
Leader Dogs
Rise Health Systems
Business Strategy Consultant
Personal Life Coaching
Company Business Coaching
Entertainment News
Physics and Astronomy
Science and Technology
Cheap Vacation Packages
World Business Academy
Planets Project
Travel and Leisure
Prevent Drug Abuse
Education Certified
Play Kids Games
Legal Defense Fund
Real Estate Strategies
Isolation Globale
Insurance Coverage Law
Rock Hotel and Resorts
Medical Insurance
Healthy Mind and Body
Marjahaan Autokatsastus
Free Sports Authority
Auto Insurance Coverage
Global Technics
Advitium Manufacturing
Professional Core Education
Special Finance Services
Bergen County Contractors
Great Children's Art
Health Supply Company
Social Media Power
Texas House Restaurant
Carbon Consultant
Carbon Expert
Low Carbon
Reset Carbon
Healthcare Commissioning
Virtual Job Tryouts
Ethos Academy (Education)
Intrinsic Schools
Attorney General
Technology Software
Business Plans
Digital Media
High School Resources
Adult Resources
Gamblers Anonymous
Ecuador Real Estate
Software Development
Festival Fashion
Drugs And Alcohol
Business Intelligence
Food Network Recipes
Journal Human Resources
Games and Technology
Technology Development
Web Resources Express
Payday Loans Bad Credit
Art and Craft
Business and Finance News
Ecological Sciences
Education Resources
Web Design
Music Education
World Resources Institute
Business Health Guide
azplanningforwildlife.com m2tvchannel.com bapedaldaprovjambi.com kreis-dl.net news-1212.com landratsamt-doebeln.net landkreis-doebeln.net canadiangoldreserves.net chicagohearse.com tattooremovalessex.com braziltrade-uae.com 333asia.com calliemacdesigns.com gemdoc.net simplefoodjuiceplus.com postabortionstresssyndrome.com descendingpath.com casadopinhole.net myspeechandlanguage.net sezambook.com rerecognition.info bebetsy.info carsoncitybraces.info summitcardiology.info sanfojiangsi.info trailheadgeararchery.info immigrationconnect.info nhhomeless.info tundradialogues.info ibexretail.com kreis-dl.com agiles-eam.com bestbcgolfcourse.com niittyneito.com yenikapimevlevihanesi.com hnr100.com eplogin.com richard-wagner-festival.com landratsamt-doebeln.com lra-doebeln.com terrecatalane.com thesmarterhybrids.com