The last time I had a similar experience on Twitter was the night Barack Obama got elected. #nexus4
— Paramendra Bhagat (@paramendra) November 27, 2012
An Hour Spent On Twitter
A Night Spent On Twitter
The last time I had a similar experience on Twitter was the night Barack Obama got elected. #nexus4
— Paramendra Bhagat (@paramendra) November 27, 2012
For example, in 2004 President George W. Bush had 49% in the final Gallup likely-voter track; he received 50.7% on Election Day. In 1996, President Clinton was at 48% in the last Gallup; he got 49.2% at the polls. And in 1992, President George H.W. Bush was at 37% in the closing Gallup; he collected 37.5% in the balloting. ...... On Friday last week, Gallup hinted at the partisan makeup of the 2012 electorate with a small chart buried at the end of its daily tracking report. Based on all its October polling, Gallup suggested that this year's turnout might be 36% Republican to 35% Democratic, compared with 39% Democratic and 29% Republican in 2008, and 39% Republican and 37% Democratic in 2004. ..... Gallup delivered some additional bad news to Mr. Obama on early voting. Through Sunday, 15% of those surveyed said they had already cast a ballot either in person or absentee. They broke for Mr. Romney, 52% to 46%. The 63% who said they planned to vote on Election Day similarly supported Mr. Romney, 51% to 45%. ........ Furthermore, in battleground states, the edge in early and absentee vote turnout that propelled Democrats to victory in 2008 has clearly been eroded, cut in half according to a Republican National Committee summary. ...... My prediction: Sometime after the cock crows on the morning of Nov. 7, Mitt Romney will be declared America's 45th president. Let's call it 51%-48%, with Mr. Romney carrying at least 279 Electoral College votes, probably more.Gallup vs. the World
The Gallup national tracking poll now shows a very strong lead for Mitt Romney.......... its results are deeply inconsistent with the results that other polling firms are showing in the presidential race, and the Gallup poll has a history of performing very poorly when that is the case. ....... Other national polls show a race that is roughly tied on average, while state polls continue to indicate a narrow advantage of about two points for President Obama in tipping-point states like Ohio. The forecast has Mr. Obama as a narrow favorite in the election largely on the basis of the state polls. ...... the Gallup national tracking poll constitutes a relatively small part of the polling landscape. ....... there are quite a few interviews conducted by a tracking poll over the course of a week — about 3,000 per week in the Gallup national tracking poll, for instance. ...... But Gallup is not the only national tracking poll. There are six published on most days ....... even though the Gallup national tracking poll is more influential than any other individual poll series in the FiveThirtyEight trend-line calculation, it still accounts for only about 12 percent of it. It can very easily be outweighed by the other polls if they are in disagreement with it. ....... Our research suggests, for instance, that state polls, rather than national polls, often provide a better estimate of the national popular vote, in addition to the Electoral College. ....... the Gallup daily tracking poll accounts for only about 3 percent of the weight in this stage of the calculation. The national tracking polls collectively, including Gallup, account for only about 10 percent of it. Most of the weight, instead, is given to the state polls. ...... Perhaps the Gallup poll accounts for 5 or 10 percent of the information that an election analyst should evaluate on a given day. ....... The Gallup poll’s influence on the subjective perception about where the presidential race stands seems to be proportionately much greater than that, however — especially when the poll seems to diverge from the consensus. ........ Usually, when a poll is an outlier relative to the consensus, its results turn out badly. ...... You do not need to look any further than Gallup’s track record over the past two election cycles to find a demonstration of this....... In 2008, the Gallup poll put Mr. Obama 11 points ahead of John McCain on the eve of that November’s election. ... That was tied for Mr. Obama’s largest projected margin of victory among any of the 15 or so national polls that were released just in advance of the election. The average of polls put Mr. Obama up by about seven points. ..... The average did a good job; Mr. Obama won the popular vote by seven points. The Gallup poll had a four-point miss, however. .... In 2010, Gallup put Republicans ahead by 15 points on the national Congressional ballot, higher than other polling firms, which put Republicans an average of eight or nine points ahead instead. ..... In fact, Republicans won the popular vote for the United States House by about seven percentage points — fairly close to the average of polls, but representing another big miss for Gallup............ Apart from Gallup’s final poll not having been especially accurate in recent years, it has often been a wild ride to get there. Their polls, for whatever reason, have often found implausibly large swings in the race. ....... In 2000, for example, Gallup had George W. Bush 16 points ahead among likely voters in polling it conducted in early August. By Sept. 20, about six weeks later, they had Al Gore up by 10 points instead: a 26-point swing toward Mr. Gore over the course of a month and a half. No other polling firm showed a swing remotely that large. ...... Then in October 2000, Gallup showed a 14-point swing toward Mr. Bush over the course of a few days, and had him ahead by 13 points on Oct. 27 — just 10 days before an election that ended in a virtual tie. ...... In 1996, Gallup had Bill Clinton’s margin over Bob Dole increasing to 25 points from nine points over the course of four days. ..... After the Republican convention in 2008, Gallup had John McCain leading Mr. Obama by as many as 10 points among likely voters. Although some other polls also had Mr. McCain pulling ahead in the race, no other polling firm ever gave him larger than a four-point lead. ......... The context is that its most recent results differ substantially from the dozens of other state and national polls about the campaign. It’s much more likely that Gallup is wrong and everyone else is right than the other way around.
Description: Front side (obverse) of one of the Nobel Prize medals in Physiology or Medicine awarded in 1950 to researchers at the Mayo Clinic in Rochester, Minnesota. (Photo credit: Wikipedia) |
the stimulus was both too small and too short-lived, partly because of administration errors but mainly because of scorched-earth Republican obstructionAnd I argued the stimulus was too small back in 2009. Paul was going on deep knowledge, I was going on instinct.
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In 1923, the residents of Rosewood, a tranquil all-black agrarian village in central Florida, bask in their hard-toiling prosperity. Several generations removed from slavery, they have farms, businesses, a community. They have freedom — or, at least, a hermetic approximation of it. For it's a freedom they can share only with one another. In the adjacent, comparatively poor all-white town of Sumner, the citizens look at Rosewood with suspicion and envy. The very power of American upward mobility has shaken the firmament of Dixie — its racial-social hierarchy. ...... When one of the whites gets beaten up by her extramarital lover, she's so flooded with rage and guilt that her hysteria explodes like shrapnel at the most convenient available target. ''It was a nigger!'' she wails. There are rumors of a recently escaped black convict, and with this mythical culprit in mind, the men of Sumner form a lynch mob. They never do locate the suspect, but in a sense they start to see him everywhere — in the face of any innocent black man who knows nothing of the crime. Out for ''justice,'' the mob consumes its own purpose, becoming an end in itself, a jamboree of lynching, shooting, burning, slaughter.Little Flickers Of Racism
Harry Hopkins had nowhere near the rules and regulations we have now. (In 1933, Hopkins’s Civil Works Administration put 4 million to work in a month.) ...... President Obama came in with a really good energy policy, including an idea to provide both a tax credit for new green jobs and for startup companies, to allow the conversion of the tax credit into its cash equivalent for every employee hired. ....... the obvious candidate for that role today is changing the way we produce and use energy ...... Before the financial meltdown, the four countries that will meet their Kyoto greenhouse-gas emission targets were outperforming America with lower unemployment, more new business formation, and less income inequality. ...... We could put a million people to work retrofitting buildings all over America. ...... You get 7,000 jobs for every billion dollars in retrofitting. Let’s start with the schools and colleges and hospitals, and state, county, and local government buildings. That would keep the construction industry busy for a couple of years, creating a million jobs that would ripple through the whole economy, spurring even more growth. ....... One of the reasons Harry Reid won in Nevada is that, right before the election, two big Chinese companies announced they were moving factories there to make LED lightbulbs and turbines for the big wind farms down in Texas. ........ They said, “We’re coming here because Nevada has the best state incentives to go with the federal incentives.” They were very clinical. They said labor costs in China are still cheaper, but these turbines are big and heavy, and higher transportation costs to the U.S. market would offset the labor gains—and there was a tax credit from the federal government for green-energy manufacturing, and extra credits in Nevada. ........ Banks still have more than $2 trillion in cash uncommitted to loans. ....... I suggested that the federal government set aside—not spend—$15 billion of the TARP money and create a loan-guarantee program that would work exactly the way the Small Business Administration does. Basically, the bank lends money to a business after the federal government guarantees 75 percent of it. Let’s say that the SBA fund has about a 20-to-1 loan-to-capital ratio, and it’s never come anywhere near bankruptcy. If we capitalized this more conservatively at 10-to-1, we could guarantee $150 billion in loans and create more than a million jobs. ........ Look at the tar roofs covering millions of American buildings. They absorb huge amounts of heat when it’s hot. And they require more air conditioning to cool the rooms. Mayor Bloomberg started a program to hire and train young people to paint New York’s roofs white. ........ In most of these places you could recover the cost of the paint and the labor in a week. ...... Every analysis shows that TARP and the stimulus saved us from a second Great Depression. After the GM and Chrysler bailouts, we have something like 75,000 more jobs in the industry. Closure of the factories and the suppliers with them would have cost a million jobs. The stimulus should have been more vigorously defended in the last election. It did work, but it didn’t “fix the economy” because it was an $800 billion stimulus trying to fix a $3 trillion hole. ........ If we cut a lot of government spending while our economy still has so little private investment, we risk weakening the economy even more and increasing the deficit because tax revenues can fall more than spending is cut. ...... When asked why he robbed banks, Willie Sutton said, “Because that’s where the money is.” We have to unlock that money and take steps to get U.S. corporations to invest some of the $2 trillion they have accumulated. ....... The real thing that has killed us in the last 10 years is that too much of our dealmaking creativity has been devoted to expanding the financial sector in ways that don’t create new businesses and more jobs and to persuading people to take on excessive debt loads to make up for the fact that their incomes are stagnant. ...... In the seven years and eight months that preceded the meltdown, our economy produced a meager 4 million new jobs, far too few to cope with millions coming into the workforce, and virtually all those jobs were created in housing, finance, and consumer spending. ........ the former labor commissioner in Georgia, Michael Thurmond. After job vacancies go unfilled for a certain period of time, the state offers businesses the money to train potential employees themselves. During the training period, the companies don’t become employers, so they don’t have to start paying Social Security taxes or employer benefits. They train people their way, then hire those who succeed as regular employees, reducing the time lag between when a job is advertised and when it is filled. With unemployment at 9 percent and the real rate of those without full-time work higher, there are 3 million posted job vacancies. Filling them faster could make a big difference. ........ Lower the rates to be competitive, but reduce the loopholes that cause unfair disparities. We all need to contribute something to help meet our shared challenges and responsibilities, including solving the debt problem. ...... we abandoned the path of balanced budgets 10 years ago, choosing instead large tax cuts especially for higher-income people like me, along with two wars and the senior citizens’ drug benefit. In the history of our republic, it’s the first time we ever cut taxes while going to war. ...... There must be opportunities to be tapped, given all the cash in banks and corporate treasuries. ........ There’s been a remarkable lack of attention to “microeconomics,” the untapped growth potential of American corporations, entrepreneurs, and workers.Now we know, the banks are sitting on two trillion dollars of cash, and the corporations are sitting on two trillion dollars of cash. There is no shortage of cash. There is no shortage of people with skills. There are huge unmet demands. So what's amiss?