By GottaLaff
GObama! Nate the Great:
The last polls have straggled in, and show little sign of mercy for John McCain. Barack Obama appears poised for a decisive electoral victory.
Our model projects that Obama will win all states won by John Kerry in 2004, in addition to Iowa, New Mexico, Colorado, Ohio, Virginia, Nevada, Florida and North Carolina, while narrowly losing Missouri and Indiana. [Laffy Note: Sorry Padlock!] [...]
We also project Obama to win the popular vote by 6.1 points. [...]
This race appears to have stabilized as of about the time of the second debate in Nashville, Tennessee on October 8th. Since that time, Obama has maintained a national lead of between 6 and 8 points, with little discernible momentum for either candidate. Just as noteworthy is the fact that the number of undecided voters is now very small, representing not much more than 2-3 percent of the electorate. Undecided voters who committed over the past several weeks appear to have broken roughly equally between the two candidates.
Our model forecasts a small third-party vote of between 1 and 2 points total; it is not likely to be a decisive factor in this election except perhaps in Montana, where Ron Paul is on the ballot and may garner 4-5 percent of the vote.
Any forecasting system is only as good as its inputs, and so if the polls are systematically wrong, our projection is subject to error as well. ... [A] McCain win appears highly unlikely. It is also possible, of course, that the polls are shy in Obama's direction rather than McCain's, in which case a double-digit win is possible.
Nor does McCain appear to have much chance of winning the Electoral College while losing the popular vote; in fact, our model thinks that Obama is slightly more likely to do so. McCain diverted many of his resources to Pennsylvania, a state where he narrowed Obama's margins somewhat, but which our model concludes that Obama is now virtually certain to win. [...]
Thank you for placing your trust in FiveThirtyEight.com over the course of the past several months. We hope that you will join us both on the website and on HDNet tonight, where I'll be providing election coverage for Dan Rather's team. ...[W]e hope to have several announcements about our future plans in the coming days and weeks.
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