Much of the media are already declaring the election an all-but-certain win for Hillary Clinton. Today, the political forecasting site FiveThirtyEight, using polls plus historical and economic data, gives Hillary a 74.7 percent chance of being elected. But smart Democrats are resisting overconfidence; they know a lot can happen before the election. “American politics is freaky and can turn on a dime and in the other direction in one news cycle,” Democratic strategist Brad Bannon admitted last week,
Forecasts like the one from FiveThirtyEight are often based on a combination of polls, economic conditions, and factors such as the popularity of the incumbent president. They clearly don’t include the inevitable “x factors” in a campaign, such as the performances in presidential debates, possible terrorist attacks, and mega gaffes by one or more of the candidates. They also ignore the impact a late-breaking scandal can have on a race. Donald Trump has to worry about a potential leak from his IRS tax returns (it happened to Mitt Romney in 2012). Hillary Clinton has known since the Democratic convention in Philadelphia just how disruptive a WikiLeaks revelations can be — the leaks of e-mails from the Democratic National Committee cost chairwoman Debbie Wasserman Schultz her job.
Clinton must also remember what happened exactly 20 years ago during her husband’s campaign for reelection. That campaign has so far been recalled this year mostly for the skillful decision by Haley Barbour’s Republican National Committee to put some distance between GOP congressional incumbents and presidential nominee Bob Dole. The RNC urged voters not to “hand Clinton a blank check,” in the event he won reelection, by turning control of Congress over to the Democrats. It worked: Democrats actually lost two seats in the Senate and gained only two seats in the House.
But another story emerged from the 1996 election, centering around how Bill Clinton had to run out the clock on a growing campaign-finance scandal that in the last month of the campaign changed the dynamics of what had been a complete cakewalk of a race. Clinton ended up winning by eight points over Bob Dole (49 percent to 41 percent, with Ross Perot taking 9 percent of the vote). But that loss was not nearly as bad as Republicans had feared. Six final pre-election polls had Clinton winning by anywhere from eleven to 16 points. The New York Times/CBS poll was the most off-base, showing Clinton beating Dole 53 to 35 percent. CNN’s final tracking poll had Clinton ahead by 16 points. The respected Pew Research Center issued a final poll showing Clinton ahead 52 percent to 38 percent, a 14-point lead almost double the actual results on Election Day.