Forecasting 2012

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Good news for Barack Obama today! Um, sort of. Ray Fair has released a forecast of the 2012 presidential race based on his well-known political/econometric model, and he says Obama will win in a landslide.

That is, he’ll win in a landslide if Ray Fair is also good at forecasting future economic growth:

It thus comes down to what the economy will be in the next two years, which is, of course, what the equations are all about. If the recovery is robust, which my economic model predicts will begin to happen in the middle of 2011, Obama wins easily. If the recovery is only modest, the election will be close, with an edge for the Republicans. If there is a double dip recession, Obama loses by a fairly large amount.

His topline forecast is that Obama wins 55.88% of the popular vote, which sounds reasonable for an incumbent president presiding over a robust economy. But if recovery is fairly flat, which is hardly out of the question, suddenly Republicans are favored to win the White House.

With that in mind, then, what was it we were saying yesterday about Republican incentives relative to the economy? Mitch McConnell made their priorities clear a few weeks ago, after all: “The single most important thing we want to achieve is for President Obama to be a one-term president.” If Ray Fair is to be believed, there’s only one way for that to happen.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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