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On September 27th 2000, an LA Times poll put Bush ahead by 6 points, having overhauled Gore's convention bounce. He LOST the popular vote that year by .5%
Bush led by 7 following the GOP's convention in 2000. He won by 2.4%
I'm not attempting to say that the position is not precarious at present, but it can tilt either way. A lot - A LOT - will be decided at the debates, particularly the final one, which is one domestic issues. Key to most voters right now is the economy, and most favour Obama in that respect. If he taps into the concerns of the financially downtrodden voter at that final debate, in front of many millions of viewers, in a year like this it's the type of issue which could turn a 3 point deficit beforehand into a 3 point win come election day.
Finally, let's not forget the Reagan - Carter race. Now, I think most of us would agree that long-term a Carter victory would have been beneficial, but at the time it looks clear to me that Reagan successfully tapped into the ill-feeling many Americans had about the economy. His closing comment at the solitary debate was and is a thing of political brilliance. It's why an extremely close race - back and forth, up and down, generally with only a few points in it - turned into a ten point landslide come election day. It's why, I think, Obama has used a portion of said Reagan speech at some of his appearances lately, and I have a funny feeling he'll be offering up something very similar at the end of that crucial, final debate.
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