Thomas Holbrook says it's way too early to predict President Obama's re-election chances based on current data.
When looking at the unemployment rate in the year before a presidential election he finds "there is hardly any relationship (r-squared=.07), and slight pattern
that does exist is nonsensical, indicating that Obama's best strategy
would be to increase unemployment as much as possible."
Similarly, while presidential approval in the year before the election "is a better predictor of election
outcomes than the unemployment rate is, I wouldn't bet the farm on any
such predictions. Here we at least have a relationship that makes
sense: presidents with high approval numbers in the summer of the year
before the election generally do better (or their party does better)
than than those with relative low levels of approval. Having said that,
the relationship is not very strong (r-squared=.20), and there are
certainly a number of exceptions to the general pattern."
Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You
Won - Now What? (Scribner, 1998), a political
management book hailed by prominent journalists and politicians from
both parties. In addition, Goddard's essays on politics and public
policy have appeared in dozens of newspapers across the country,
including the Washington Post, USA Today, Boston Globe, San Francisco
Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
PRAISE FOR POLITICAL WIRE
"There are a lot of blogs and news sites claiming to understand
politics, but only a few actually do. Political Wire is one of them."
-- Chuck Todd, NBC News political director
"Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all."
-- Stuart Rothenberg, editor of the Rothenberg Political Report
"Political Wire is one of only four or five sites that I check every
day and sometimes several times a day, for the latest political news
-- Charlie Cook, editor of the Cook Political Report
"The big news, delicious tidbits, pearls of wisdom -- nicely packaged, constantly updated... What political junkie could ask for more?"
-- Larry Sabato, Center for Politics, University of Virginia
"Political Wire is a great, great site."
-- Joe Scarborough, host of MSNBC's Morning Joe
"If I were on the proverbial
desert island and had only one web site to access, Political Wire would
-- Dotty Lynch, CBS News political consultant
"Taegan Goddard has a knack for digging out political gems that too
often get passed over by the mainstream press, and for delivering the
latest electoral developments in a sharp, no frills style that makes
his Political Wire an addictive blog habit you don't want to kick."
-- Arianna Huffington, founder of The Huffington Post
"Political Wire is one of the absolute must-read sites in the blogosphere."
-- Glenn Reynolds, founder of Instapundit
"I rely on Taegan Goddard's Political Wire for straight, fair political news, he gets right to the point. It's an eagerly anticipated part of my news reading."
-- Craig Newmark, founder of Craigslist.
Send your tips, memos, comments and suggestions to