Over at the American Enterprise Institute, James Pethokoukis modeled the economy and the effect of the economy on the 2012 elections. He calculated what unemployment would look like under 28 different scenarios, varying both job and labor force growth rates to cover the range of possibilities, ad the results look bad if there’s any sort of return to the previous trend, should job growth rates not grow sharply.
Even worse for the President, Pethokoukis applied a model by Ray Fair to guess the resulting share of the vote Barack Obama will win based on likely GDP growth rates. Pethokoukis calls the resulting prediction a “close race,” but it actually isn’t. Using Swingometer and some simple math, I think the prediction is one of a nearly 100 EV win for the Republican nominee.
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