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Bush Landslide (in Theory)! Questions for Ray C. Fair
The New York Times ^ | August 15, 2004 | Deborah Solomon

Posted on 08/14/2004 4:15:09 PM PDT by quidnunc

As a professor of economics at Yale, you are known for creating an econometric equation that has predicted presidential elections with relative accuracy.

My latest prediction shows that Bush will receive 57.5 percent of the two-party votes.

The polls are suggesting a much closer race.

Polls are notoriously flaky this far ahead of the election, and there is a limit to how much you want to trust polls.

Why should we trust your equation, which seems unusually reductive?

It has done well historically. The average mistake of the equation is about 2.5 percentage points.

In your book ''Predicting Presidential Elections and Other Things,'' you claim that economic growth and inflation are the only variables that matter in a presidential race. Are you saying that the war in Iraq will have no influence on the election?

Historically, issues like war haven't swamped the economics. If the equation is correctly specified, then the chances that Bush loses are very small.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Editorial; Extended News; Politics/Elections
KEYWORDS: bush43; economicmodel; electionmodel; elections; gwb2004; landslide; predictions; rayfair
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1 posted on 08/14/2004 4:15:09 PM PDT by quidnunc
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To: quidnunc

Albert Wang has, in the face of polls predicting otherwise, boldly stated that November will be a 45 state Bush blowout.


2 posted on 08/14/2004 4:18:08 PM PDT by AlbertWang
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To: quidnunc

Theres no way I'm signing up on the NYtimes web page. Can somebody please give a breif summary of the rest of this interview?


3 posted on 08/14/2004 4:18:39 PM PDT by Betaille ("Show them no mercy, for none shall be shown to you")
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To: quidnunc

I wish.


4 posted on 08/14/2004 4:19:21 PM PDT by Uncle Hal
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To: AlbertWang

It's only bold if it turns out he is right.


5 posted on 08/14/2004 4:19:21 PM PDT by OneTimeLurker
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To: quidnunc
Bush Landslide

Period!

The only chance of another outcome would be complacency of Bush supporters to the point of not going to the polls.

6 posted on 08/14/2004 4:20:07 PM PDT by EGPWS
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To: AlbertWang

Cripplecreek thinks Albert Wang may be onto something.


7 posted on 08/14/2004 4:20:08 PM PDT by cripplecreek (Here, bite down on this.)
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To: Betaille

His theory is that elections follow the economy, and predicts that because the economy is so good Bush will win in a landslide. The reporter is snippy because the professor is a Kerry Democrat predicting a Bush landslide.


8 posted on 08/14/2004 4:21:06 PM PDT by labard1
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To: quidnunc
If Prof. Fair's model proves to be anywhere near an accurate predictor of the November result, it will be a hard nail in the coffin of the professional pollsters - whose trade is already shaky since (1) people don't answer their phones, and (2) don't give valid answers.
9 posted on 08/14/2004 4:21:14 PM PDT by Malesherbes
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To: AlbertWang

Such a Wang Wowee, if true, or even just a Fair Frolic of 57.5%, would surely include substantial legislative coattails.


10 posted on 08/14/2004 4:21:35 PM PDT by Hebrews 11:6 (Look it up!)
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To: Betaille

me either, but I'd sure like to see it


11 posted on 08/14/2004 4:21:37 PM PDT by The Wizard (DemonRATS: enemies of America)
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To: Malesherbes

"don't give valid answers"
Part of the problem is that many pollsters ask such loaded questions.
For example "Should the Federal Marriage Amendment be passed, or should it be up to the states to ban gay marriage?"
Well wait a minute! Somebody who beleives in the state deciding isn't necessarily against the FMA. Why not just ask the question straight:
"Should the Federal Marriage Amendment be passed?"
If they asked the question that way, you would see that an overwhelming majority answer YES! So why do pollsters ask it the first way, which is less accurate? Need I even ask?


12 posted on 08/14/2004 4:25:42 PM PDT by Betaille ("Show them no mercy, for none shall be shown to you")
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To: AlbertWang
Albert Wang has, in the face of polls predicting otherwise, boldly stated that November will be a 45 state Bush blowout.

If it even begins to look that bad for Kerry you can bet he's going to get a bad case of Toricelli-itis and drop out of the race in favor of Edwards.

13 posted on 08/14/2004 4:26:15 PM PDT by Tallguy (If Clinton did a good job stopping the Millenium Bomber, I've got 2 Towers in NYC to sell you...)
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To: quidnunc
As a professor of economics at Yale, you are known for creating an econometric equation that has predicted presidential elections with relative accuracy.

How did he do in 2000?
14 posted on 08/14/2004 4:27:16 PM PDT by lelio
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To: quidnunc
Here's a related Newsmax article from fall of last year.
15 posted on 08/14/2004 4:27:57 PM PDT by Bonaparte
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To: Betaille

go to www.bugmenot.com - it has passwords for all the MSM websites.


16 posted on 08/14/2004 4:28:00 PM PDT by BreitbartSentMe (Now EX-Democrat!!)
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To: Betaille
Theres no way I'm signing up on the NYtimes web page. Can somebody please give a breif summary of the rest of this interview?

Sure. Go to BugMeNot.com so you won't have to worry about registering for any newspaper you don't want.


$710.96... The price of freedom
VII-XXIII-MMIV

17 posted on 08/14/2004 4:29:47 PM PDT by rdb3 ("The Republican Party is the ship and all else is the sea." ---Frederick Douglass)
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To: quidnunc

For once, I want what the NYTimes said to be true!


18 posted on 08/14/2004 4:31:08 PM PDT by Rightfootforward
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To: EGPWS
Well, that's one way. Another is that the media succeeds in fostering the public perception that the economy is doing poorly. If the NYT, LAT, WP, ABC, etc can drum that into their readers' and viewers' minds, it won't matter if there's an economic boom with close to full employment. Very few voters actually check the numbers.
19 posted on 08/14/2004 4:31:13 PM PDT by Bonaparte
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To: lelio

How did he do in 2000?

He predicted Gore. His answer is that he was right about the popular vote (different article).


20 posted on 08/14/2004 4:32:02 PM PDT by labard1
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