The rejuvenation of Barack Obama’s re-election hopes continues apace. He’s added seven points to his approval rating since November, improving it from the low 40s to around 50 per cent now. After months of polling neck-and-neck with Mitt Romney, he now boasts a six point lead. Just four months ago, the bookies thought he was more likely to lose the election than win it. Now Intrade gives him a 60 per cent chance of victory.
Nate Silver has a great article on Obama’s chances in this week’s New York Times Magazine. He’s built a model to forecast the election results based on the three most important factors at this stage: Obama’s approval rating, his opponent’s ideology and economic growth. You can play with an interactive version of it here: just plug in your prediction for US GDP growth and see how likely each of the four Republican candidates is to beat Obama.
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