Keeping Up With the Zogbys

Every four years we get the opportunity to become our own statisticians and predictors — peering into the crystal ball and looking for answers as to who will win the next presidential election. As this has been the longest campaign cycle in our nation’s history (just over two years), we’ve had plenty of time to get our thoughts in order.

However, our instincts and beliefs get clouded with the ubiquitous nature of daily tracking polls.

FiveThirtyEight.com has done an excellent job of taking all those polls, regressing them, factoring out bias (to the best it can be done) and presenting a clear picture of what they all say. Yet, regardless of how much work you do to normalize a poll, you’ll hear naysayers shout “that poll has bias built in.” Just this morning, McCain “strategery” man Rick Davis was saying that the polls have too many Democrats (e.g. more than 45%, the historical average) in them, so they’re biased. Is it possible that the country has more people leaning Democratic than Republican for this election, and the poll is capturing true sentiment? Shocking revelation.

Of the prognosticators I know, I’d have to say my buddy David is forming his prediction the best way — rationally. If you haven’t followed his discussion, I highly suggest you do here, here, and especially here.

As for my thoughts, the election goes the way of Virginia, and Obama clears 320 electoral votes.

John McCain’s “New” Stump Speech

W the Movie

While researching W. (the movie), I came across this excellent affirmation of my beliefs:

Highest minimum approval rating during the president term in office:

John F. Kennedy holds the record at 56% (9/12-17/1963, 14% undecided).
Dwight D. Eisenhower is second-equal highest at 48% (3/27-4/1/1958, 16% undecided).
Franklin D. Roosevelt is second-equal highest at 48% (8/18-24/1939, 8% undecided).
Gerald Ford is fourth highest at 37% (3/28-31/1975, 20% undecided).

Biggest approval rating difference during the president term in office:

George W. Bush holds the record with 73 percentage points.
Harry S. Truman is second highest with 65 percentage points.
George H.W. Bush is third highest with 60 percentage points.
Jimmy Carter is fourth highest with 47 percentage points.

Highest disapproval rating:

George W. Bush holds the record with 76% (9/16-19/2008, 5% undecided, American Research Group).
Harry S. Truman is second highest, with 67% (1/6-11/1952, 9% undecided, Gallup Poll).
Richard Nixon is third highest, with 66% (1/4-7/1974, 10% undecided, Gallup Poll).
George H.W. Bush is fourth highest, with 60% (7/31-8/2/92, 11% undecided, Gallup Poll).

McCain Out of Sync With Economy

The Dow Jones Industrial Average fell just over 500 points today, the largest point drop since July, 2002, but according to the Huffington Post, one of the presidential candidates still doesn’t get it:

John McCain may want to refine his economic message a bit more during this potentially disastrous week for the financial sector.

On the campaign trail in Jacksonville, Florida, the Senator declared this morning that “the fundamentals of our economy are strong,” despite what he described as “tremendous turmoil in our financial markets and Wall Street.”

In a period when many investors have seen as much as 7 years of stock market gains wiped out in just two weeks, how can the economy’s fundamentals be strong? The jobless rate is up, consumer spending is weakening, people are leveraging their credit cards more to cover expenses, property foreclosures are significantly higher…