Election 2014  
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The Corporate Media Are Wrong: A Blow Out Win for Obama Is Possible

The conventional wisdom is that it will remain a tight race, but the conventional wisdom can be wrong.
 
 
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I don't like to mince words. Mitt Romney is getting  slapped around worse than Cory Booker after a Meet the Press appearance. There are redheaded stepchildren and rented mules who are having an easier time of it than the Mittster. In Nate Silver's model, if the  election were held today, Romney would have a 2.2% chance of winning. His chances on November 6th are down to 18.1%, and they are only that high because Silver is still assuming a bit of a convention bounce and some economic headwinds that will keep Obama's numbers down. In any case, things are bad enough that Silver decided to try to figure out if Obama could possibly do as well or better in November as he did in 2008. Things are bad enough that  Chris Cillizza decided to tell us all that they won't get much worse. Mr. Cillizza assures us that Mitt Romney won't get blown out, and Mr. Silver basically agrees, although he allows that it's at least as likely as Romney coming back to win.

Let's start with Cillizza's argument. He says that 2008 was a historically good year for the Democrats, which is true. It's always hard to break your own record for excellence. Cillizza also says this:

"Not only did then-candidate Obama galvanize a national movement behind his campaign, he also benefited from the fact that opponent Sen. John McCain could never get out from under George W. Bush’s shadow or convince the American public that he was well-versed on the economy."

Obama's national movement still exists. He's going to shatter his record for attracting small donor donations, and his sixty-plus field offices in Iowa just started taking people to the polls today. As for John McCain, he was a flawed candidate, but he was revered by tens of millions of Americans, including the vast majority of the press corp. He served his country and he paid a very high personal price, and that counts for something. Mitt Romney appeals to no one. There are no people who revere him. There are no people who think he's paid his dues. If John McCain had a rematch and took more care with selecting his running mate, he'd do a lot better than Mitt Romney is going to do because he is a much better politician with a lot more innate appeal than Mitt Romney. Which is why Cillizza's next point is overstated.

...the spending edge that Obama had over McCain not only won’t be replicated but should be reversed. Romney and the Republican party have $40 million more to spend than Obama and the Democratic party in the final weeks of the campaign — a not-insignificant sum split over just six weeks. And that doesn’t include outside groups, where Republicans continue to dominate.

I don't think Cillizza's numbers are right. It's  Obama who has $40 million more than Romney. The problem is that the RNC has almost $70 million more than the DNC.

President Obama ended August with nearly $40 million more cash in the bank than Republican challenger Mitt Romney, campaign financial reports indicated...

FEC filings indicate the RNC ended August with $76.6 million cash on hand to the DNC's $7.1 million.

Obama and the DNC together started September with $95.9 million, The Hill said. The Romney campaign and the RNC had $112 million available.

That's not chump change, but a $16 million differential isn't too big of a deal when you spread it out across the whole battleground. It's the outside money that is worrisome. But the outside money can't do anything other than advertisements and mailers. The main thing that this money parity is doing is preventing Obama from trying to organize new states like Missouri and Arizona. So, in that sense, it is narrowing the president's potential upside. But I can guarantee you that Obama would be expanding the map if he had the same money advantage he enjoyed four years ago.

 
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