It's the Economy Stupid. Or Is It?
The Kerry folks have made a big deal out of the fact that Bush is the first president since Herbert Hoover to have a net job loss during the first term of his presidency. But the unemployment rate remains relatively low, around 5.4 percent. And that's good news for Bush, according to one Chicago job placement firm. Analysis by Challenger, Gray & Christmas Inc. found that incumbents have won 10 out of the last 14 elections when the unemployment rate has been 5.6 percent or lower in the three months leading up to an election.
Also, there's the vaunted Ray Fair formula. Fair, a Yale economist, uses a complicated calculation of economic indicators, including inflation and national growth rate, to determine whether a president will be reelected. He has correctly predicted the winner of the popular vote in the last five of the elections. This year, his formula points to a Bush victory.
The Height Bias
That's right, the taller candidate usually wins the popular vote.
The Wartime Advantage
People are generally loath to give wartime presidents the boot. As USA Today pointed out recently, "All five presidents who have run for re-election during major wars have won -- from James Madison during the War of 1812 to Richard Nixon during Vietnam. (Two wartime presidents, Harry Truman and Lyndon Johnson, chose not to run for another term in part because of public opposition to the wars.)"
Keep Eyes on the 'Skins
Since 1936, when the Redskins win their last home game before a presidential election, the incumbent wins as well. When the Redskins lose, the incumbent loses. The line on Sunday's home game against Green Bay, according to ESPN.com? Even.