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Updated: After big GDP news, Yale Economist predicts huge Bush Win (58% of vote)
Ray Fair, Yalue University ^ | 10/29/2004 | Professor Ray C. Fair

Posted on 10/29/2004 7:15:05 AM PDT by KrazyEyezKillah

The famour Fair model has been updated for the new GDP numbers. Strong economic growth caused Yale economist, Ray Fair, to boost his prediction of President Bush's share of the vote. The prediction of his economic model: Bush wins with 58% of the vote.


TOPICS: Business/Economy; Editorial; Government; Miscellaneous; News/Current Events; Politics/Elections; US: Connecticut
KEYWORDS: economy; election; fair; model; poll; prediction
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Ray Fair built his model using data going back to 1916. Fair gets it right every year, except '92. Thanks Ross. If you don't like his prediction, follow the link and enter in your own numbers. You'll find out that the smoking economic growth puts W. in great shape. GW is a lock to win.
1 posted on 10/29/2004 7:15:08 AM PDT by KrazyEyezKillah
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To: KrazyEyezKillah

58% of the vote? Seems awfully high to me. We'll see on Tuesday, I suppose.


2 posted on 10/29/2004 7:16:11 AM PDT by Publius Valerius
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To: KrazyEyezKillah

Yalue University is a real value.


3 posted on 10/29/2004 7:16:33 AM PDT by cwiz24 (Hey Yankees fans---Now who's ya daddy?)
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To: KrazyEyezKillah

Hmm... I think this election could be an anomoly. Bush has failed to inform voters of this economic growth, and only 40% in polls think the economy is getting better. Yes, the media bias is a big problem, but Bush had an opportunity to show off this economic growth in the debates and he didnt mention it ONCE.


4 posted on 10/29/2004 7:18:01 AM PDT by Betaille (Harry Potter is a Right-Winger)
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To: KrazyEyezKillah

Thanks I have been looking for math since I first read of this guy in the NYTimes.

Btw, the field of study is called Econometrics. And Ray Fair has wrote some books. I have one and am gonna read it after the election.


5 posted on 10/29/2004 7:24:19 AM PDT by Sinner6 (I can mod your XBox)
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To: KrazyEyezKillah


If the media were fair.. Bush would win 58-41..


6 posted on 10/29/2004 7:25:12 AM PDT by Josh in PA
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To: KrazyEyezKillah
The chances of Bush getting 58% of the vote is less than slime and nearing none.

I see 53% as a real strong possibility.

7 posted on 10/29/2004 7:25:38 AM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: KrazyEyezKillah

I'm very confident of a Bush landslide.

I put my money where my mouth is and sold all but 1% of my miners and metals this morning. I've held those positions for four years.

I'm positioned to take advantage of a booming economy.


8 posted on 10/29/2004 7:28:30 AM PDT by OpusatFR (Let me repeat this: the web means never having to swill leftist garbage again. Got it?)
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To: KrazyEyezKillah

I'm often accused of being the most ridiculous optimist in the office concerning election predictions, and even I think 58% is absurd.


9 posted on 10/29/2004 7:29:26 AM PDT by Dog Gone
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To: Phantom Lord

This model doesn't have a way to figure in cheating and fraud.


10 posted on 10/29/2004 7:29:35 AM PDT by Sinner6 (I can mod your XBox)
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To: Betaille

Yeah, but the beauty of strong economic growth is that it breaks through the MSM bias. People may hear about hoovervilles, and soup lines from CBS/NYTimes, but in the aggregate the American people know that they have more money in their pocket. On the margin it makes each individual voter more likely to pull the W. lever in the voting booth.


11 posted on 10/29/2004 7:30:23 AM PDT by KrazyEyezKillah
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To: Betaille
Bush is in an tough position on the economy. He can be 100% honest and factual in pointing out the exceptionally strong economic growth, current job growth, and what it means for the economy in the coming years. But, due to the loss of jobs early in the administration from forces beyond his control, the tremendous media attention it has gotten (and been way overblown), he can easily be painted as out of touch and insensitive to those who have lost jobs in exactly the same manner his father was.

The MSM is 100% against him and have no problem in smearing him in this fashion. And the economic ignorance of a great number of Americans will allow them to be easily swayed.

12 posted on 10/29/2004 7:30:54 AM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: Betaille
Yes, the media bias is a big problem, but Bush had an opportunity to show off this economic growth in the debates and he didnt mention it ONCE.

Does the model say the candidate must mention the good economic growth?

13 posted on 10/29/2004 7:31:49 AM PDT by syriacus (The Democrats are losing the aging baby boomers votes. Will Democrats need to clone future voters?)
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To: Dog Gone

My important take away from the strong economy and economic analysis is that a JFK victory is very, very, very unlikely. Don't take the 58% of the vote square in your office pool. Also, don't hate the model just because it says your guy is in very, very good shape.


14 posted on 10/29/2004 7:33:08 AM PDT by KrazyEyezKillah
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To: KrazyEyezKillah
Why is the GDP vote being reported by MSM as being "only 3.7%, far less than expected?"

Oh yeah, because they're a bunch of f***ing commie slobs.

15 posted on 10/29/2004 7:35:13 AM PDT by Dr.Deth
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To: Publius Valerius

Newt Gingrich predicted 58% too.


16 posted on 10/29/2004 7:35:20 AM PDT by syberghost
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To: Dr.Deth

GDP rate, not vote.


17 posted on 10/29/2004 7:35:41 AM PDT by Dr.Deth
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To: syriacus

"Does the model say the candidate must mention the good economic growth?"
I am merely pointing out that this method doesn't apply when the people do not KNOW that the economy is growing.


18 posted on 10/29/2004 7:36:16 AM PDT by Betaille (Harry Potter is a Right-Winger)
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To: KrazyEyezKillah

The word is NOT out on the economy. You know it's good.
I know it's good. But the masses don't.

In a phone conversation last Sunday morning with a relative who is retired, who lives in a state where unemployment is below national average, and gets her news from the newspaper and TV, she said she would vote for Kerry because the economy was bad.

My wife, who is in an industry that highly responsive to economic conditions exclaimed "No!"

Her company, and the companies they deal with, are at record levels right now. She said that many of the contacts she works with at other companies say they have NEVER seen the volume they are seeing now.

But to the people who are not out there, and who get their news from the local paper, Rather, Jennings, Brokaw and CNN - the economy is in the pits.

I agree the Bush campaign has not trumpeted this, when in other times, this would be be one of the cornerstones of a Presidential campaign.


19 posted on 10/29/2004 7:36:20 AM PDT by Rhetorical pi2
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To: Betaille
I am merely pointing out that this method doesn't apply when the people do not KNOW that the economy is growing.

Did they always KNOW in the past?

20 posted on 10/29/2004 7:39:03 AM PDT by syriacus (The Democrats are losing the aging baby boomers votes. Will Democrats need to clone future voters?)
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