Unemployment is not as important as we think, when it comes to predicting the next President

Make no mistake: the higher the unemployment rate in November 2012, the less likely President Obama is to win a second term. But we should be careful about asserting that there is any particular threshold at which Mr. Obama would go from favorite to underdog, or any magic number at which his re-election would either …

Nate Silver predicts our next President – by keeping a running forecast

If you haven’t heard of Nate Silver then you are in for a ride. Nate is very, very famous in two distinct areas, baseball and politics, for his ability to predict things. For baseball he developed, PECOTA, a system for predicting future performance of baseball players, and sold it to Baseball Prospectus in 2003. From …