Polling, preference cascades, etc.
I wanted to make a quick point here. First this:
Mitt Romney has taken a narrow national lead, tightened the gender gap and expanded his edge over President Barack Obama on who would best grow the economy.
A new POLITICO/George Washington University Battleground Tracking Poll of 1,000 likely voters — taken from Sunday through Thursday of last week — shows Romney ahead of Obama by 2 percentage points, 49 percentage to 47 percent. That represents a 3-point swing in the GOP nominee’s direction from a week ago but is still within the margin of error. Obama led 49 percent to 48 percent the week before.
A lot of discussion on polls this time around. We talked about them extensively in the podcast. The thing to realize is regardless of how the polling concerns have set up their split among self-identified Republicans and Democrats, the one thing that has been fairly consistent in each of them is Romney trending up. So while they may all show different percentages and even an Obama lead, the fact remains that the challenger has continued to gain even while the incumbent was declared the winner of the last debate.
That, my friends, signifies, at least as far as I can tell, a preference cascade beginning to swell.
As we’ve pointed out repeatedly, the most important debate this year was the first debate. In that debate, the challenger had to appear to be an acceptable alternative/replacement for the incumbent. Romney was able to exceed expectations in that department. That’s when the tide began to turn. The second debate, while somewhat important, but only if the challenger really goofed it up, just didn’t carry the weight of the first. And as hard as the left has tried to make the debates about Big Bird, binders of women and an alleged “Libya gaffe” (as I see it, there was no gaffe at all, we saw an incumbent President pretend/allege he said something he didn’t say). They’re not selling except among the partisan base.
We’ll see if this debate this evening adds momentum to the challengers upward trend or whether the incumbent is somehow able to slow or stop it. I’m not sure what the President could say or do that would accomplish that given his dismal foreign policy record (and his previous declaration that his lack of foreign policy experience just wasn’t a show stopper).
Like Dale says, I think, as far as Romney is concerned, we’re in “dead girl or live boy” territory.
~McQ
How Obama’s claim (and Crowley’s intervention) will likely backfire
Why? Because it sets up a question to be answered which will give proof to the nonsense of both Obama and Crowley’s claim about Obama’s supposed Rose Garden acknowlegement that the Benghazi attack was an act of terrorism:
If Obama knew it was terrorism on Day Two, then why did his administration continue to blame the video for days afterward?”
Answer?
Anyone?
~McQ
The 2nd debate: Who “won”?
Good question really. I know who most media outlets have declared the winner, but frankly, my guess is that was written before the debate. After all, given his last performance it’s hard to conceive how President Obama could have done worse. And given the low expectations, exceeding them was going to look like a “win” or at least be portrayed like one. The media loves “comeback kid” story lines.
Of course there was the usual grousing about the moderator, in this case, Candy Crowley. Some is to be expected. Some, in this case, was warranted. What is the job of a moderator? Well, what it isn’t is to provide “instant fact-checking”, especially when the fact check is incorrect. Moderators should be like referees or umpires – all but invisible while they keep the debate to the rules. However, when you pick people with large egos and biases to “moderate”, well, don’t be surprised when they make every attempt to insert themselves in things of which they have no business being a part.
However, to the main point. Who ‘won’?
Well a CBS instapoll says Obama won. Of course CBS was the only poll that said Joe Biden won so, yeah, not such a great endorsement. And the “win” was marginal at best, even with CBS.
In a CBS News poll, 37 percent of 525 uncommitted voters who watched the debate declared Obama the winner, compared to 30 percent who said the same of Romney; 33 percent said it was a tie.
CNN’s instant poll also gave the “win” to Obama (46/39 – registered voters).
Well, I guess, unless you look at some of the other numbers in the polls. And then, well, not so much:
Despite Obama’s slight edge overall, Romney was seen as better able to handle most issues.
The trend was most notable in the CNN poll: he had an 18-point edge among registered voters on the economy (58 percent to Obama’s 40 percent ); a 3-point edge on health care (49 percent to 46 percent); a 7-point edge on taxes (51 percent to 44 percent); and, largest of all, a 23-point edge on the deficit (59 percent to 36 percent).
Obama’s only lead in the CNN poll was a slim one on foreign policy: 2 percent more of the registered voters who watched the debate said he would handle the issue better (49 percent to 47 percent for Romney).
In the CBS poll, 65 percent of respondents also said Romney would handle the economy better after the debate (though that decreased from 71 percent before the debate). Only 34 percent said Obama would handle the economy better, but that was a jump of 7 percentage points.
Personal metrics were split a bit more evenly. Forty-nine percent of those in the CNN poll said Romney was the stronger leader, compared to 46 percent for Obama. The president still had a lead on likeability by a margin of 47 percent to 41 percent. He was also perceived as caring more about the audience by a margin of 4 points, but also as spending more time on the attack by a 14-points one.
Among uncommitted voters surveyed in the CBS poll, 56 percent said the president would do a better job of helping the middle class, compared to only 43 percent who said the same of Romney.
So wait … are we voting on who did better in a debate, or who would do a better job as President?
Oh, that’s right, this is about the job, isn’t it?
And finally:
The final word from the CNN respondents? Twenty-five percent said the debate made them more likely to vote for Romney, and 25 percent said the same for Obama.
So who “won”?
Hmm … yes, if I was the Obama campaign brain-trust, I’d be worried too.
Oh, and in the third debate, Obama won’t have the benefit of low expectations working for him and, hopefully, we’ll see a debate where “moderation” means “referee”, not “instant but wrong fact checker“.
~McQ
Government picks another loser
I don’t know how many times we have to point these out or how many ways we have to illustrate that government has no business trying to pick winners and losers, because usually, as with most centralized planning organizations, they get it wrong. Why? Because they’re absolutely blind to signals from the market. Government’s picks are founded more in preference than reality:
Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.
Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.
The facility, which was opened in July 2010 with a groundbreaking attended by Obama, has yet to produce a single battery for the Chevrolet Volt, the troubled electric car from General Motors. The plant’s batteries also were intended to be used in Ford’s electric Focus.
Instead:
The 650,000-square-foot, $300 million facility was slated to produce 15,000 batteries per year, while creating hundreds of new jobs. But to date, only 200 workers are employed at the plant by by the South Korean company. Batteries for the Chevy Volts that have been produced have been made by an LG plant in South Korea.
Talk about outsourcing.
Workers are furloughed for one week every month. And guess who pays for that week?
Boileau pointed out the workers who are on furloughs one week a month are eligible to collect unemployment for that week, and he said the company covers the contributions to their individual benefits during the period.
Reality check commonly ignored when it comes to government:
“Had it been private investors rather than government bureaucrats making the decision, there either would have been a reality check about the industry, or only those who made individual decisions to invest would have lost their money, not taxpayers.”
Instead, government has “socialized” the loss.
The market has moved on – natural gas is cheap and plentiful. It is the future, at least the near future. That’s where everything is going.
Meanwhile, the government continues its near unbroken string of picking losers … not that anyone who knows a thing about economics and markets should be the least surprised. Unlike many other things, this is not “unexpected”.
~McQ
New Pew Poll puts Romney in the lead. WaPo questions poll’s validity
Funny stuff. All of us out here who have been questioning the accuracy of various presidential polls and being called “poll truthers” (lord help you if you question the establishment or authority) now see a poll that favors the GOP candidate being called into question by none other than the Washington Post.
The Pew Research Center for the Public and the Press released a poll that puts Mitt Romney in the lead for the first time in their polling (Rasmussen also released a poll with Romney in the lead).
The Pew poll keys off the first debate, Romney’s big win and says:
In turn, Romney has drawn even with Obama in the presidential race among registered voters (46% to 46%) after trailing by nine points (42% to 51%) in September. Among likely voters, Romney holds a slight 49% to 45% edge over Obama. He trailed by eight points among likely voters last month.
The latest national survey by the Pew Research Center for the People & the Press, conducted Oct. 4-7 among 1,511 adults, including 1,201 registered voters (1,112 likely voters), finds that 67% of Romney’s backers support him strongly, up from 56% last month. For the first time in the campaign, Romney draws as much strong support as does Obama.
“Likely voters”, as we’ve mentioned in the past, is the key demographic. Forget registered voters. Among likely voters, Pew is recording a 12 point swing. That’s pretty significant. You can hit the Pew link to go through all the particulars.
So what’s WaPo’s disagreement with the poll? Well they don’t really “disagree” so much as imply there might be a problem with the poll’s makeup (you know, the same thing we “poll truthers” have been talking about for months):
That pesky party ID question: The Pew sample for this poll was 36 percent Republican, 31 percent Democratic and 30 percent independent. That’s a major shift from the organization’s September poll which was 29 percent Republican, 39 percent Democratic and 30 percent independent. In the 2010 election, the electorate was 36 percent Republican, 36 percent Democratic and 27 percent independent, according to exit polling. In 2008, 39 percent of the electorate identified as Democrats while 32 percent said they were Republicans and 29 percent said they were independents.
So in this poll, Pew was R+5. That’s different than the D+8 they ran in September. There’s you 12 point shift. Of course in 2010, they were completely wrong calling the D/R split even. Republicans ran a historic blow out during that election taking 60 seats in the House. In 2008, they were probably slightly undercounting self-identified Democrats. But not this time as Pew points out in their survey. Enthusiasm among GOP voters is up. It isn’t up among Democrats. And that, one supposes, is the Pew justification for plussing the GOP on this poll.
September polls are notoriously inaccurate. Polling companies, at least those who want to continue to be taken seriously, refine their models as they approach an election. This poll appears to be an example of that. As should be obvious to anyone who pays attention, the excitement, support and enthusiasm Obama enjoyed in 2008 doesn’t exist in this election, at least not anywhere to the degree it did then. That means the ratios have changed. Whether or not R+5 is the correct weight polls should give the GOP vote remains to be seen, but it certainly makes a lot more sense than D+8, the number we “poll truthers” were questioning all along.
~McQ
Twitter: @McQandO
Facebook: QandO
Down the memory hole – Obama’s promises
You remember this or at least have read or seen it on a video:
Bob Schieffer: “The fact is, unemployment is up. It is higher than when [President Obama] came to office, the economy is still in the dump. Some people say that is reason enough to make a change.”
Bill Clinton:”It is if you believe that we could have been fully healed in four years. I don’t know a single serious economist who believes that as much damage as we had could have been healed.”
CBS’s “Face the Nation,” September 23, 2012
That’s exactly the meme the Democrats have been trying to establish for some time. First it was “but imagine how much worse it would have been if we hadn’t have acted”. That foundered on the rocks of 8.2% unemployment.
The new meme is to claim – and that’s all it is – that no one expected the economy to be healed in 4 years, no one. And certainly not any “serious economist(s)”.
But as the Wall Street Journal points out, plenty of serious people, or at least people who’d like to have you take them seriously, not to mention a couple of “serious economists” promised exactly that – we’d be healed in 4 years. The list?
There’s Joe Biden, Nancy Pelosi, Harry Reid, Christina Romer, Jared Bernstein, Mark Zandi, and, most importantly, President Obama himself.
Yup, that’s the case, whether or not the spin- meister, Bill Clinton wants to believe it or not. So how did that work?
Mr. Obama told Americans in 2009 that if he did not turn around the economy in three years his Presidency would be “a one-term proposition.” Joe Biden said three years ago that the $830 billion economic stimulus was working beyond his “wildest dreams” and he famously promised several months after the Obama stimulus was enacted that Americans would enjoy a “summer of recovery.” That was more than three years ago.
In early 2009 soon-to-be White House economists Ms. Romer and Mr. Bernstein promised Congress that the stimulus would hold the unemployment rate below 7% and that by now it would be 5.6%. Instead the rate is 8.1%. The latest Census Bureau report says there are nearly seven million fewer full-time, year-round workers today than in 2007. The labor participation rate is the lowest since 1981.
You don’t say. So, in fact, plenty of serious people and at least two serious economists make Bill Clinton a liar. Yeah, I know, that’s harsh considering most people don’t consider political spin a “lie” per se. I’m just not one of those people.
There have been other excuses tried by the administration and its apologists as well:
The Administration and its acolytes claim that the nature of the 2008 financial collapse was different from past recessions, and that it can take up to a decade to restore growth after such a financial crisis. Economist Michael Bordo rebuts that claim with historical economic evidence nearby.
In reality, the biggest difference between this recovery and others hasn’t been the nature of the crisis, but the nature of the policy prescriptions. Mr. Obama’s chief anti-recession idea was a near trillion-dollar leap of faith in the Keynesian “multiplier” effect of government spending. It was the same approach that didn’t work in the 1930s, didn’t work in the 1970s, didn’t work in 2008, and didn’t work in such other nations as Japan. It didn’t work again in 2009.
The fact remains that there were plenty of promises made by plenty of serious people to include “serious economists” saying they had a plan that would heal us in 4 years.
They have utterly failed.
Tell me again why they should get another 4 years to prolong the failure?
~McQ
Twitter: McQandO
Facebook: QandO



