Obama's 6% Solution
Ah, the fickleness of the Campaign '08 polls.
Voter sentiment waxes and wanes continuously. But for decades, the Labor Day poll before every presidential election has provided a surprisingly accurate snapshot of the final outcome. In 2004, the CNN/USA Today/Gallup Labor Day poll showed incumbent George Bush leading by 2 percentage points over Democrat John Kerry among registered voters. Bush won by 3 points in November, 51%-48%. Going back to 1988, Bush's father held an 8 point lead in the Labor Day polls, and won by 7.8% over Democrat Michael Dukakis. It's been a reliable barometer.
So what's different this year? Well, I'd argue it will likely be reliable again. But there very well could be a Bradley Effect in this historic national election, where a statistically significant number of white voters tell pollsters they are undecided or leaning toward voting for a candidate of color but then break strongly the other way in the voting booth. This phenomenon likely hurt Obama in the New Hampshire primary. And given the coolness of working-class white Democrats to his candidacy in the Ohio and Pennsylvania primaries, he may struggle mightily to win these important swing states this year. Many of those same folks may well tell pollsters they support Obama or are undecided, but then break strongly toward McCain on Election Day.
I hope I'm wrong, that a decisive number of white people in America would tell pollsters they are undecided or leaning toward a candidate, knowing in their hearts they won't vote for that candidate because of his skin color. Obama leads by 6%-10% in most polls now. And all the dynamics of this race so far favor Obama and the Democrats -- a hunger for change among voters, a frightening slowdown in the economy and a chance for America to make history. But the nominating conventions are still to come, McCain has begun a TV marketing campaign to re-introduce himself to voters, and so much could change over the next few months. This has been a fascinating, groundbreaking election on many levels--and it's far from over yet.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
What to Expect From Bitcoin and Other Cryptocurrencies in 2025
With help from Donald Trump, the cryptocurrency industry is expanding rapidly. Here's what to expect from bitcoin in 2025.
By Tom Taulli Published
-
What's the Key to a Happy Retirement for a Couple?
Retired couples spend lots of time together. Without the distractions of work and raising kids, miscommunication can cause trouble. Here's a way to avoid that.
By Richard P. Himmer, PhD Published
-
AI Regulation is Looming: Kiplinger Economic Forecasts
Economic Forecasts Find out what Washington and regulators have planned for artificial intelligence.
By John Miley Published
-
The Biden Tax Plan: How the Build Back Better Act Could Affect Your Tax Bill
Politics Depending on your income, the Build Back Better Act recently passed by the House could boost or cut your future tax bills.
By Rocky Mengle Published
-
Kiplinger's 2020 Election Forecast
Politics For nearly a century, The Kiplinger Letter has forecasted the outcome of presidential elections to keep readers informed of what's coming and what it means for them. Here's our call for 2020.
By The Kiplinger Washington Editors Published
-
The 2020 Election and Your Money
Politics We’ve assessed how the presidential candidates’ stances on financial issues will affect your wallet.
By the editors of Kiplinger's Personal Finance Published
-
5 HEROES Act Provisions with a Good Chance of Becoming Law
Politics The massive federal stimulus bill just passed by the House of Representatives is "dead on arrival" in the Senate. But a few proposals in the bill have enough bipartisan support to eventually become law.
By Rocky Mengle Published
-
Vote by Mail: A State-by-State Guide to Absentee Ballot Voting
Politics With health authorities recommending people continue to social distance, the idea of voting by mail is becoming an increasingly hot topic.
By Rivan V. Stinson Published
-
9 Ways COVID-19 Will Change the 2020 Elections
Politics The 2020 election will be like no other in history, as the COVID-19 pandemic will upend the business of politics as usual.
By Sean Lengell Published
-
How to Run for Local Office
Politics If you’ve ever thought that you could do a better job than the elected officials currently in office, here’s how to launch a campaign—and win.
By Kaitlin Pitsker Published