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Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College

 
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Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College

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Latest Presidential Polls Obama Holds Insurmountable Lead in the Electoral College

Despite the best efforts of Mitt Romney's campaign to close the gap, it may be impossible for the Republican challenger to overcome what has become a numbers game in the Electoral College. Understanding how the Electoral College works, particularly in light of conflicting daily polling results, is a task that is even more daunting than predicting the election itself. With 17 days until the election, the combination of confusing polling data and the memory of Obama’s margin of victory in swing states in 2008, make it very difficult to bet on a Republican candidate. The deck just seems stacked.

Let’s start by looking at a swing state that is not in play. Michigan, a state in which Romney would have undoubtedly liked to mount a serious challenge, was abandoned by the McCain campaign in 2008. The Obama campaign has deftly pushed the perception that its administration has saved the auto industry in Detroit. Given that in the latest Rasmussen Poll has Romney trailing by 7 points, even the most adamant Romney supporter would have a hard time arguing the campaign is really competing in the state.

Looking at the broader picture, Real Clear Politics currently puts 10 swing states in play for the 2012 Presidential Election. Excluding Michigan, the states (in order of electoral size) are Florida (27), Pennsylvania (20), Ohio (18), North Carolina (15), Virginia (13), Wisconsin (10), Colorado (9), Nevada, (6), Iowa (6) and New Hampshire (4).

273towin.com is a very useful site that shows electoral maps for all U.S. Presidential elections, as well as providing an interactive map that predicts the electoral college for the 2012 election. If the October 15 polls become a reality in the forty non-swing states, Obama holds a 217 to 191 edge over Romney in the Electoral College, thus leaving 130 electoral votes from the remaining ten swing states up for grabs.

273towin.com also has the latest polling for then ten swing states listed above. If the election were held today, and those polling numbers became a reality, President Obama would defeat Mitt Romney 270 to 268 in what would be the closest presidential election ever. Even with the ever-changing polls, the intricacies of the Electoral College, and the unpredictability of elections in the United States, where is Mitt Romney going to get the votes necessary to drastically change the outcome of this electoral map?

Lets start in Paul Ryan’s home state of Wisconsin. While the Republicans have been quick to point Ryan’s congressional record, as well as the re-election of Scott Walker after a recall, the state has not voted for a Republican in the general election since Ronald Reagan won his first term in 1984. In the 2008 election, Obama had a 13.91% margin of victory, winning the state by 412,293 votes. Combine this number with the fact that Obama is up 4 points in the latest American Research Group Poll (270towin.com), and the Romney campaign might have to look elsewhere for those ten electoral votes.

The hottest state in which the Obama camp seems to be losing ground is Pennsylvania. Forget the fact that the state hasn’t voted for a Republican to take the oval office since 1988, or the fact that Romney is trailing Obama by roughly four points according to The Morning Call Muhlenberg. In 2008 Obama’s margin of victory was 10.4%. With the number of Democrats in Philadelphia and Pittsburgh, that margin of victory was 405,820 in actual votes.

While Republicans have cited possible voter fraud in the state of Pennsylvania, studies have proven that there is no credible evidence that upholds the idea that conclusive voter fraud cases have affected recent election results in the state. The new voter registration laws upheld in the Pennsylvania Supreme Court will make it difficult for some citizens to register to vote, and will help to decrease Obama’s stronghold over the state. Yet, it is still unlikely to definitively swing the state in Romney’s favor.

While pundits waste their time talking about how no Republican has won the White House without Ohio, this election’s most important state is easily Florida. According to the latest Public Policy Poll, Romney holds a one-point edge in the state. While Obama only won the state by a mere 2.5% margin, the Romney camp faces two critical issues in the state.

First, according to the latest ImpreMedia & Latino Decisions Poll, 67% of Latino voters are fairly certain they will vote for Obama. That number compares to only 23% of Latinos who are fairly certain they will vote for Romney.

According to the U.S. Census, in 2011, nearly 23% of the population of Florida is of Hispanic or Latino origin. If the national trend translates over to the state level, coupled with the fact that 16.5% of the population in Florida is African-American, then you could estimate nearly 31.4% of the population are highly likely to vote for Obama (assuming they vote).

Paul Ryan’s Catholicism should bring back some independent Hispanics back into the fold, but his threatening views on Medicare create a second problem. According to the Office of Economic and Demographic Research, Florida has 4,720,799 people between the ages of 45 and 64. Medicare is clearly a cause for concern among these voters. According to The Sentinel Sun “Florida's fast-growing Medicaid program — which cares for the state's impoverished children and for most senior citizens in nursing homes — would lose roughly a third of its federal money under budget plans embraced by Republican presidential candidate Mitt Romney and his running mate Paul Ryan.” If Romney is polling less favorably with Hispanics than John McCain (who also lost Florida), and his vice president is driving away arguably the state’s most important voting block, where does his campaign hope to make up ground?

Romney also needs to close the 11% gap (Gallup polling) that Obama held over McCain in winning independent voters. Given the state of the economy, the Obama administration’s handling of Libya, and Obama’s performance in the first debate, the Romney campaign has swiftly seized the opportunity to reduce the overall seven point lead Obama held in most polls as late as the month of July.

In 2004, Democratic challenger John Kerry missed out on the Presidency by losing the state of Ohio. For Kerry to prevail in that election, he would have only needed twenty states plus the District of Columbia to do so.

For Romney, the ideal Republican victory map would have him winning a whopping seven of the ten swing states, with Obama holding onto just Ohio, Pennsylvania, and Colorado. That means, that counting the last election, Romney would need to win back those seven states plus Indiana (which went for Obama in 2008), thus marking more than a one hundred point swing in the electoral college.

It is clear that Romney’s campaign, for numerous reasons, has gained ground in this election season. It is equally transparent that the Obama campaign is a shadow of a 2008 campaign that was supposed to be a paradigm for future presidential campaigns. Will this combination of factors be enough?

The blame for Romney’s plight extends further back than just the previous Republican administration. The electoral strategy of cementing the socially conservative southern and mid-western base voters is not a new concept. That idea was started by Ronald Reagan’s presidential campaigns and further solidified by both Bushes and John McCain. While successful in the short term, the strategy will limit this Republican candidate’s ability to win this election.

Couple the Republican’s limited strategy with Obama’s electoral domination in 2008, which increased the number of target states (North Carolina, Iowa, Colorado, and Indiana) for the Democrats, and you are left with a Republican campaign that is exponentially more challenging.

Is it possible, that voter turnout (a number that has gone up at least fifteen million votes since 2000) could negatively affect Obama? Is it also possible that economic hardships knock out Obama just as they did with the re-election campaigns of Presidents’ Jimmy Carter and George H.W. Bush? Is it possible that thousands of independent voters in ten very different swing states see Mitt Romney as the moderate who was Governor of Massachusetts, rather that the right wing-pleasing Republican that has muddled his message? The answer to all of these questions is, yes, it is possible.

Yet, given the state of the electoral map, the current volume of polls, the remaining political issues facing his campaign, and the path that was forced on him since the Reagan era, it is difficult to imagine a Romney victory. The fact is, in this election, the results are not about what is fair, possible, or even right, but rather what the numbers gap says is almost certain.
Anonymous Coward (OP)
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10/18/2012 03:13 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
This post has data and is FACT so why is it not pinned?
Anonymous Coward
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10/18/2012 03:14 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
Did the guy who wrote this even look at the newst polls? If they all went to whos winning today the obama would barely win. If he loses even either wisconsin or ohio then romney would win.....both surging towards romney as hes currently down 1 in both.

bsflag
Anonymous Coward
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10/18/2012 03:15 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
Anonymous Coward
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10/18/2012 03:17 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
yea when was this written....2 months ago?
Anonymous Coward
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10/18/2012 03:18 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
So. Why is he planning his concession speech? It's over for the Kenyan. Now to prove he was so all his crap can be nullified.
Anonymous Coward
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10/18/2012 03:18 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
yea when was this written....2 months ago?
 Quoting: Anonymous Coward 976271


my thoughts akso....
Anonymous Coward (OP)
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10/18/2012 03:20 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
Anonymous Coward
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10/18/2012 03:35 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
would you obmatards go away with your bullshit you are not convincing anyone here
Anonymous Coward (OP)
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10/18/2012 03:36 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
 Quoting: Anonymous Coward 12686856


This is a good article and well written.

We just have to hope the 2008 huge upswing in turnout and young people will go back to normal.

Romney will have to close the deal in the final debate, coming across as very moderate and talking up compromise with Democrats.

In fact, he should talk about compromising and working with Democrats in Congress about twenty times. Surprised he didn't in the second debate.

[link to www.godlikeproductions.com]
 Quoting: Super Bowl Dave

Maybe if Republican cheating through voter suppression had worked young people would have went back to "Normal" voting by which you mean disinterest before 2008.

All Republicans did was wake young people up and they will be voting in high numbers because of the attempt to cheat them out of their right to vote.
Anonymous Coward
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10/18/2012 03:37 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
nope, sorry

[link to www.realclearpolitics.com]
Anonymous Coward
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10/18/2012 03:38 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Not only is this a lie, but Ohio is still going to Obama, and without Ohio Romney sadly doesn't have a chance.

[link to realclearpolitics.com]
Anonymous Coward (OP)
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10/18/2012 03:38 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
 Quoting: Anonymous Coward 12686856


This is a good article and well written.

We just have to hope the 2008 huge upswing in turnout and young people will go back to normal.

Romney will have to close the deal in the final debate, coming across as very moderate and talking up compromise with Democrats.

In fact, he should talk about compromising and working with Democrats in Congress about twenty times. Surprised he didn't in the second debate.

[link to www.godlikeproductions.com]
 Quoting: Super Bowl Dave

Its ad that you wish young people could just go away and go back to being uninterested in elections. You have revealed much about the your mentality .
JimBomB

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10/18/2012 03:38 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
So the FIX is in???
HMM3
For those that DON'T approve of my use of memes --- FO!

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Anonymous Coward (OP)
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10/18/2012 03:38 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
 Quoting: Anonymous Coward 12686856


This is a good article and well written.

We just have to hope the 2008 huge upswing in turnout and young people will go back to normal.

Romney will have to close the deal in the final debate, coming across as very moderate and talking up compromise with Democrats.

In fact, he should talk about compromising and working with Democrats in Congress about twenty times. Surprised he didn't in the second debate.

[link to www.godlikeproductions.com]
 Quoting: Super Bowl Dave

Its sad that you wish young people could just go away and go back to being uninterested in elections. You have revealed much about the your mentality .
 Quoting: Anonymous Coward 12686856
Anonymous Coward
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10/18/2012 03:39 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
If it's insurmountable, why doesn't he go on vacation?
Anonymous Coward
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10/18/2012 03:40 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
 Quoting: Oyster


Both of the averages have Virginia and Ohio going to Obama... did you scroll down at all or just stare at a map with all the swing states grey?
mathetes

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10/18/2012 03:41 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
 Quoting: Anonymous Coward 12686856


This is a good article and well written.

We just have to hope the 2008 huge upswing in turnout and young people will go back to normal.

Romney will have to close the deal in the final debate, coming across as very moderate and talking up compromise with Democrats.

In fact, he should talk about compromising and working with Democrats in Congress about twenty times. Surprised he didn't in the second debate.

[link to www.godlikeproductions.com]
 Quoting: Super Bowl Dave

Maybe if Republican cheating through voter suppression
 Quoting: Anonymous Coward 12686856

Voter suppression? lol hey O tard why not go ahead and say all woman want is free abortions and free birth control?

You guys are all the same, the economy is in shambles and this is ALL you guys spout about, but hey thats all you man O can talk about, he surely can't talk about his absolute failure of an admin


one and do
For I would not, brethren, that ye should be ignorant of this mystery, lest ye should be wise in your own conceits; that blindness in part is happened to Israel, until the fulness of the Gentiles be come in.
Anonymous Coward
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10/18/2012 03:42 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
 Quoting: Oyster


Both of the averages have Virginia and Ohio going to Obama... did you scroll down at all or just stare at a map with all the swing states grey?
 Quoting: Anonymous Coward 8046554


no...i stared at the numbers

Romney 206

Obama 201


hardly insurmountable for either canidate
TruthVotes
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10/18/2012 04:46 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
RealClearPolitics.com Oct18

201 Obama - 206 Romney with 131 Toss-Up

WOO-HOO! We got a real horse race now!!!

This election will come down to each candidate's RECORD

For Romney, that is bad news - He wanted to let General Motors DIE

Obama not only demanded the unorthodox solution of a temporary government bail-out that has not only been REPAID in FULL, but it has also allowed General Motors to not only survive & recover but thrive & resurge.

What state has a huge majority of thankful employed American General Motors employees still working? ...OHIO!!!

Saving GM was the best thing Obama did in his first term, because that single decision will ensure him Ohio's Electoral Votes and his 2nd term presidency.

That is all.
Anonymous Coward
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10/18/2012 04:50 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
 Quoting: Oyster


Both of the averages have Virginia and Ohio going to Obama... did you scroll down at all or just stare at a map with all the swing states grey?
 Quoting: Anonymous Coward 8046554


no...i stared at the numbers

Romney 206

Obama 201


hardly insurmountable for either canidate
 Quoting: Oyster


You and the other four are zionist shills with about 20 sock puppets each. We all know this site isn't real. We exposed you thoroughly.
 Quoting: Anonymous Coward 4277515


dont get all butt hurt about it
Bluebird

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10/18/2012 04:59 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
This post has data and is FACT so why is it not pinned?
 Quoting: Anonymous Coward 12686856


Maybe because that data is old and outdated and now irrelevent?

Guess you are just not keeping up very well.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
DanG
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10/18/2012 05:01 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College

the Illusion of Choice

Bluebird

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10/18/2012 05:02 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
RealClearPolitics.com Oct18

201 Obama - 206 Romney with 131 Toss-Up

WOO-HOO! We got a real horse race now!!!

This election will come down to each candidate's RECORD

For Romney, that is bad news - He wanted to let General Motors DIE

Obama not only demanded the unorthodox solution of a temporary government bail-out that has not only been REPAID in FULL, but it has also allowed General Motors to not only survive & recover but thrive & resurge.

What state has a huge majority of thankful employed American General Motors employees still working? ...OHIO!!!

Saving GM was the best thing Obama did in his first term, because that single decision will ensure him Ohio's Electoral Votes and his 2nd term presidency.

That is all.
 Quoting: TruthVotes 1038816


Are you nuts? GM still owes over 20 Billion dollars and has not repaid in full anything!

And it was more or less a structured bankruptcy in which the pensions of all the non-union workers were destoryed.



Quote:

When President Obama says he "saved" GM, what he means is that his administration guided a bankruptcy process for the company, funded with taxpayer dollars. The repeated statements by Obama that Romney would have let the company go bankrupt are deceptive. Let's be clear, GM DID go bankrupt.

The bankruptcy process for GM was mainly funded by American taxpayers. President Obama formed the Auto Task Force and chose an allegedly corrupt hedge fund guy in Steve Rattner to run the show. Bankruptcy experts and Wall Street types were the main advisers instead of auto industry experts. The direction the bankruptcy process was to take became clearer when Rattner was eventually replaced by Ron Bloom, a known union supporter.

The cost to taxpayers to get GM through the bankruptcy process was $50 billion. The government, in return, received a majority ownership of what would become "New" General Motors. Canadian taxpayers put in over $10 billion making the total cash cost over $60 billion. The entire market cap for GM is currently under $40 billion and the American taxpayers' loss stands at around $15 billion.

Existing GM shareholders, who were the owners of the "Old" General Motors, lost everything and those who lent money to the company, primarily old GM bondholders, lost almost everything. $27 billion of bondholder debt was erased and bondholders were given a very small piece of the new GM pie. The politically-favored UAW fared much better under the Obama plan as its jobs and benefits were preserved and they received the second largest ownership stake in new GM, behind American taxpayers.

[link to nlpc.org]

Last Edited by Bluebird on 10/18/2012 05:04 PM
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Anonymous Coward
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10/18/2012 05:02 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
Love seeing the delusional left lol
America hates Obama and he is already beaten
Anonymous Coward
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10/18/2012 05:05 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
FL NC and VA are now solidly ROMNEY.

article is based on old polling data.

you lose.
 Quoting: Anonymous Coward 1379065


Actually Romneys lead is down to 1 point in those states and you are trying to spin it.
 Quoting: Anonymous Coward 12686856


This is a good article and well written.

We just have to hope the 2008 huge upswing in turnout and young people will go back to normal.

Romney will have to close the deal in the final debate, coming across as very moderate and talking up compromise with Democrats.

In fact, he should talk about compromising and working with Democrats in Congress about twenty times. Surprised he didn't in the second debate.

[link to www.godlikeproductions.com]
 Quoting: Super Bowl Dave

Maybe if Republican cheating through voter suppression had worked young people would have went back to "Normal" voting by which you mean disinterest before 2008.

All Republicans did was wake young people up and they will be voting in high numbers because of the attempt to cheat them out of their right to vote.
 Quoting: Anonymous Coward 12686856


:Bullshit33:

[link to www.breitbart.com]
Anonymous Coward
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10/18/2012 05:07 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
Obama is out…assuming no "surprise" real or created...
Anonymous Coward
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10/18/2012 05:07 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
Love seeing the delusional left lol
America hates Obama and he is already beaten
 Quoting: Anonymous Coward 24659657


bsflag Obama might lose the popular vote, but he will win the electoral college and therefore the presidency. It will be our comeupance for the 2000 disaster. Ha ha!
TruthVotes
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10/18/2012 05:27 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
RealClearPolitics.com Oct18

201 Obama - 206 Romney with 131 Toss-Up

WOO-HOO! We got a real horse race now!!!

This election will come down to each candidate's RECORD

For Romney, that is bad news - He wanted to let General Motors DIE

Obama not only demanded the unorthodox solution of a temporary government bail-out that has not only been REPAID in FULL, but it has also allowed General Motors to not only survive & recover but thrive & resurge.

What state has a huge majority of thankful employed American General Motors employees still working? ...OHIO!!!

Saving GM was the best thing Obama did in his first term, because that single decision will ensure him Ohio's Electoral Votes and his 2nd term presidency.

That is all.
 Quoting: TruthVotes 1038816


Are you nuts? GM still owes over 20 Billion dollars and has not repaid in full anything!

And it was more or less a structured bankruptcy in which the pensions of all the non-union workers were destoryed.



Quote:

When President Obama says he "saved" GM, what he means is that his administration guided a bankruptcy process for the company, funded with taxpayer dollars. The repeated statements by Obama that Romney would have let the company go bankrupt are deceptive. Let's be clear, GM DID go bankrupt.

The bankruptcy process for GM was mainly funded by American taxpayers. President Obama formed the Auto Task Force and chose an allegedly corrupt hedge fund guy in Steve Rattner to run the show. Bankruptcy experts and Wall Street types were the main advisers instead of auto industry experts. The direction the bankruptcy process was to take became clearer when Rattner was eventually replaced by Ron Bloom, a known union supporter.

The cost to taxpayers to get GM through the bankruptcy process was $50 billion. The government, in return, received a majority ownership of what would become "New" General Motors. Canadian taxpayers put in over $10 billion making the total cash cost over $60 billion. The entire market cap for GM is currently under $40 billion and the American taxpayers' loss stands at around $15 billion.

Existing GM shareholders, who were the owners of the "Old" General Motors, lost everything and those who lent money to the company, primarily old GM bondholders, lost almost everything. $27 billion of bondholder debt was erased and bondholders were given a very small piece of the new GM pie. The politically-favored UAW fared much better under the Obama plan as its jobs and benefits were preserved and they received the second largest ownership stake in new GM, behind American taxpayers.

[link to nlpc.org]
 Quoting: Bluebird


You are 100% WRONG!!!
Quoting the Forbes article below from Aug 29, 2012:

GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock. To recoup its full investment, GM stock needs to hit $52.80 per share. It’s currently trading around $21.

[link to www.forbes.com]
Bluebird

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10/18/2012 05:45 PM
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
RealClearPolitics.com Oct18

201 Obama - 206 Romney with 131 Toss-Up

WOO-HOO! We got a real horse race now!!!

This election will come down to each candidate's RECORD

For Romney, that is bad news - He wanted to let General Motors DIE

Obama not only demanded the unorthodox solution of a temporary government bail-out that has not only been REPAID in FULL, but it has also allowed General Motors to not only survive & recover but thrive & resurge.

What state has a huge majority of thankful employed American General Motors employees still working? ...OHIO!!!

Saving GM was the best thing Obama did in his first term, because that single decision will ensure him Ohio's Electoral Votes and his 2nd term presidency.

That is all.
 Quoting: TruthVotes 1038816


Are you nuts? GM still owes over 20 Billion dollars and has not repaid in full anything!

And it was more or less a structured bankruptcy in which the pensions of all the non-union workers were destoryed.



Quote:

When President Obama says he "saved" GM, what he means is that his administration guided a bankruptcy process for the company, funded with taxpayer dollars. The repeated statements by Obama that Romney would have let the company go bankrupt are deceptive. Let's be clear, GM DID go bankrupt.

The bankruptcy process for GM was mainly funded by American taxpayers. President Obama formed the Auto Task Force and chose an allegedly corrupt hedge fund guy in Steve Rattner to run the show. Bankruptcy experts and Wall Street types were the main advisers instead of auto industry experts. The direction the bankruptcy process was to take became clearer when Rattner was eventually replaced by Ron Bloom, a known union supporter.

The cost to taxpayers to get GM through the bankruptcy process was $50 billion. The government, in return, received a majority ownership of what would become "New" General Motors. Canadian taxpayers put in over $10 billion making the total cash cost over $60 billion. The entire market cap for GM is currently under $40 billion and the American taxpayers' loss stands at around $15 billion.

Existing GM shareholders, who were the owners of the "Old" General Motors, lost everything and those who lent money to the company, primarily old GM bondholders, lost almost everything. $27 billion of bondholder debt was erased and bondholders were given a very small piece of the new GM pie. The politically-favored UAW fared much better under the Obama plan as its jobs and benefits were preserved and they received the second largest ownership stake in new GM, behind American taxpayers.

[link to nlpc.org]
 Quoting: Bluebird


You are 100% WRONG!!!
Quoting the Forbes article below from Aug 29, 2012:

GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock. To recoup its full investment, GM stock needs to hit $52.80 per share. It’s currently trading around $21.

[link to www.forbes.com]
 Quoting: TruthVotes 1038816


The government has no business owning any shares and they were down to $16 last I saw meaning GM is still in the red to the taxpayers even more!

Can't you read? Gm repaid only $23 of the $50 billion! It says so in your own article.

We can't get out money back selling those lousy shares as the stock is not worth as much as GM still owes.

Math. . . it baffles liberals, doesn't it?
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
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Re: Latest Presidential Polls: Obama Holds Insurmountable Lead in the Electoral College
RealClearPolitics.com Oct18

201 Obama - 206 Romney with 131 Toss-Up

WOO-HOO! We got a real horse race now!!!

This election will come down to each candidate's RECORD

For Romney, that is bad news - He wanted to let General Motors DIE

Obama not only demanded the unorthodox solution of a temporary government bail-out that has not only been REPAID in FULL, but it has also allowed General Motors to not only survive & recover but thrive & resurge.

What state has a huge majority of thankful employed American General Motors employees still working? ...OHIO!!!

Saving GM was the best thing Obama did in his first term, because that single decision will ensure him Ohio's Electoral Votes and his 2nd term presidency.

That is all.
 Quoting: TruthVotes 1038816


Are you nuts? GM still owes over 20 Billion dollars and has not repaid in full anything!

And it was more or less a structured bankruptcy in which the pensions of all the non-union workers were destoryed.



Quote:

When President Obama says he "saved" GM, what he means is that his administration guided a bankruptcy process for the company, funded with taxpayer dollars. The repeated statements by Obama that Romney would have let the company go bankrupt are deceptive. Let's be clear, GM DID go bankrupt.

The bankruptcy process for GM was mainly funded by American taxpayers. President Obama formed the Auto Task Force and chose an allegedly corrupt hedge fund guy in Steve Rattner to run the show. Bankruptcy experts and Wall Street types were the main advisers instead of auto industry experts. The direction the bankruptcy process was to take became clearer when Rattner was eventually replaced by Ron Bloom, a known union supporter.

The cost to taxpayers to get GM through the bankruptcy process was $50 billion. The government, in return, received a majority ownership of what would become "New" General Motors. Canadian taxpayers put in over $10 billion making the total cash cost over $60 billion. The entire market cap for GM is currently under $40 billion and the American taxpayers' loss stands at around $15 billion.

Existing GM shareholders, who were the owners of the "Old" General Motors, lost everything and those who lent money to the company, primarily old GM bondholders, lost almost everything. $27 billion of bondholder debt was erased and bondholders were given a very small piece of the new GM pie. The politically-favored UAW fared much better under the Obama plan as its jobs and benefits were preserved and they received the second largest ownership stake in new GM, behind American taxpayers.

[link to nlpc.org]
 Quoting: Bluebird


You are 100% WRONG!!!
Quoting the Forbes article below from Aug 29, 2012:

GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock. To recoup its full investment, GM stock needs to hit $52.80 per share. It’s currently trading around $21.

[link to www.forbes.com]
 Quoting: TruthVotes 1038816


The government has no business owning any shares and they were down to $16 last I saw meaning GM is still in the red to the taxpayers even more!

Can't you read? Gm repaid only $23 of the $50 billion! It says so in your own article.

We can't get out money back selling those lousy shares as the stock is not worth as much as GM still owes.

Math. . . it baffles liberals, doesn't it?
 Quoting: Bluebird


Why shouldn't the government own shares of GM? The German government owns about 20% of Volkswagen, which is now the world's largest automaker. It's a good arrangement, as the government can ensure the company operates in the public's best interest, while at the same time they can go to shareholders rather than taxpayers when they need to raise capital. I think all companies that are part of the nation's essential infrastructure should be operated as a public-private partnership.





GLP