Table Two: Democratic Nomination, At a Glance, August 30
State
Est. Date
# Polls
Clinton
Obama
Edwards
Richardson
Net Avail Cash
Jun 30
Q2
$29.6M
$33.6M
$11.8M
$6.9M
Iowa
Dec-Jan?
9
25.6%
20.4%
24.6%
11.7%
New Hampshire
Jan 08
6
35.0%
23.5%
13.5%
9.2%
National
Feb 05
NA
38.7%
22.0%
10.8%
2.6%
Now, for three reasons, Iowa is far too close to predict right now. First, most Iowa polls are currently sampling a much larger portion of the electorate than will actually vote. As the today’s time poll indicated, for example, “Iowa polls can be unreliable, since only 5% to 10% of voters go to the caucuses… with polls at this early stage generally overestimating attendance.” This far out from the caucuses, we simply do not know who is actually a likely to attend the caucus, and who isn’t. Although there are some indications that Edwards fares better among more likely caucus goers, right now it is too early to factor that into the averages.
Second and third, candidates are only “viable” in any given precinct if they reach at 15% of the vote or more in that precinct. In some smaller precincts, the viability threshold is even higher, since so few delegates are given out. As such, in many precincts, some candidates will lose all of their support, while other candidates make large gains at the polls. This is especially the case given that no candidate is well over 15%, and there are bound to be large variations statewide. So, knowing which candidates are leading among second place choices, and how different candidates are performing in different regions of Iowa, would help provide us with an indication of which candidates are likely to improve from their final poll performance to their performance at the actual caucuses. Right now, we do not have any information on second place choices or on regional preferences of candidates.
With only 5% separating first place from third place in Iowa right now, the order of the top three finishers in the caucus, if it were held tomorrow, would be impossible to predict. So, in the event of all six possible orders for the top three candidates, here are the projected New Hampshire results, based on the historic momentum candidates receive for finishing first, second and third in Iowa:
1st: Plus 14.5 in NH
2nd: Plus 3.2 in NH
3rd: Minus 3.5 in NH
4th: Minus 4.4 in NH
According to this table, Clinton is in a comfortable position to win New Hampshire in every single scenario where she finishes ahead of Obama in Iowa, no matter where she finishes in relation to Edwards. However, in the three scenarios where she finishes behind Obama in Iowa, one projects Obama in a comfortable position to win New Hampshire (OEC), one projects a nearly even battle for New Hampshire between Obama and Clinton (OCE), and one projects a three-way free for all (EOC). Now, given that Obama is currently 5.2% behind Clinton in Iowa, the largest gap within the top three according to current polling, these are actually the three least likely scenarios at this time. However, we are still just talking about a 5.2% gap. This far out, and given all of the factors I listed above, not to mention the still uncertain date of the Iowa caucuses and New Hampshire primary, is not very large.
So, what happens after New Hampshire? Based on historic averages of a 25 point national bump, an Iowa-New Hampshire sweep from either Clinton or Obama would hand them the nomination. In the event of an Edwards sweep, the nomination probably becomes Edwards vs. Clinton. In the event that Clinton wins only New Hampshire, she still seems well positioned to win the nomination. The true insanity scenario, based on Iowa scenario EOC, is an Edwards victory in Iowa, combined with an Obama victory in New Hampshire, combined with Clinton finishing in third place in both states. At that point, all bets would be off, and we might be in for a very long primary season.
So, assuming Iowa and New Hampshire are indeed the first two states in the primary calendar, and assuming no major changes in the national polls between now and Iowa, here is what I think these numbers show:
Clinton only needs to defeat Obama in Iowa in order to win the nomination. Her position in Iowa relative to Edwards only becomes relevant if she finishes behind Obama, or if there is a major, pro-Edwards shift in New Hampshire polling. If I am right about this, I think this is an extremely important finding.
Clinton is the favorite. Of the six current Iowa scenarios, the three most likely Iowa show her cruising to New Hampshire, and thus the nomination. Two of the other three show her in a dead heat.
Obama is in second place. One of the six Iowa scenarios shows Obama cruising in New Hampshire, and thus toward the nomination. Two other scenarios show him in a dead heat.
Edwards needs help. Only one of the six scenarios Iowa shows him in a dead heat after Iowa, and that scenario requires Obama to finish ahead of Clinton. None of the scenarios show him ahead. In addition to winning Iowa, he must improve in New Hampshire, and he needs help from Obama.
Still a close campaign. Because Iowa is still very close, and because of the volatility is has on the process, a swing as small as 6% in Iowa could change the entire campaign.
That is a complete look into how I view the Democratic nomination horserace right now. I do not have any particularly deep insights into how, exactly, candidates can improve their standing in Iowa or New Hampshire, as truthfully I do not know a huge amount about those two states. However, even before we start figuring out what could change the campaign, we need to understand the possible directions in which the campaign could change, and the points of pressure that can be leveraged. Realizing, for example, that Obama must finish ahead of Clinton in Iowa in order for Clinton to not win the nomination is, I think, a particularly important insight. Depending on the focus of your goals in the 2008 Democratic presidential nomination campaign, accepting that conclusion is the sort of information that could potentially change the focus of your activist efforts.
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