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	<title>THESYNDROME.COM &#187; Wall Street Journal</title>
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	<pubDate>Mon, 01 Dec 2008 16:58:18 +0000</pubDate>
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		<title>Polling gold standard</title>
		<link>http://feeds.dailykos.com/~r/dailykos/index/~3/mfeyrAJhsJE/665825</link>
		<comments>http://feeds.dailykos.com/~r/dailykos/index/~3/mfeyrAJhsJE/665825#comments</comments>
		<pubDate>Tue, 25 Nov 2008 02:20:04 +0000</pubDate>
		<dc:creator>Meteor Blades</dc:creator>
		
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		<category><![CDATA[Mark Halperin]]></category>

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		<description><![CDATA[<p>More stupid from Mark Halperin.</p>  <p><object width="425" height="344"><param value="http://www.youtube.com/v/9gsgDJx5PLo&#38;hl=en&#38;fs=1" name="movie"></param><param value="true" name="allowFullScreen"></param><param value="always" name="allowscriptaccess"></param><embed width="425" allowfullscreen="true" allowscriptaccess="always" src="http://www.youtube.com/v/9gsgDJx5PLo&#38;hl=en&#38;fs=1" type="application/x-shockwave-flash" height="344"></embed></object></p>  <blockquote> <p>I think there's so much bad polling and it drives so much of the coverage that it's kind of a depressing topic for me. I think that the ABC News/Washington Post poll and the Wall Street Journal/NBC News poll are the gold standard right now of what we have. </p> </blockquote> <p>It's not too shocking to see a media guy defend media-funded polls as the "gold standard". But are they really?</p>  <p>There are two ways people gauge a poll's accuracy. The first is to simply take the margin of the poll's final results and compare them to the margin of the final results. So it a poll says 48-41, and the results are 53-46, the poll was supposedly "spot-on" because they both had margins of seven. I think that's a stupid way to gauge accuracy. A poll could similarly guess the results as 12-5, and be equally "accurate".</p>  <p>I think the best way to gauge a poll's accuracy is to take the totals for each candidate, calculate how far off the poll was, and then add them all up together. So in the example above with the poll saying 48-41 and the final results being 53-46, the results would be 10 points off (53-48 and 46-41).</p>  <p>With that standard in mind, here are the current accuracy rankings, based on the current national popular vote spread of 52.7-45.9, and each polls <a href="http://www.pollster.com/polls/us/08-us-pres-ge-mvo.php">final result</a>:</p>  <div class="indent"> <p>CNN: 0.4 <br />Ipsos/McClatchy: 0.4 <br />Pew: 0.8 <br />Rasmussen: 0.8 <br />ARG: 1.2 <br />R2K/dKos: 1.8 <br />ABC/WaPo: 2.2 <br />Harris: 2.6 <br />IBD/TIPP: 2.6 <br />Democracy Corps: 3.6 <br />Hotline: 3.6 <br />Marist: 3.6 <br />Gallup: 4.2 <br />Zogby: 4.2 <br />NBC/WSJ: 4.6 <br />Battleground: 5.6 <br />CBS: 5.6 <br />Fox: 5.6 <br /></div></p>  <p>So ABC/Wapo and NBC/WSJ weren't among the most accurate. Although to be honest, polling was pretty darn good this cycle. None of these results are really that far off the mark. I'll also assume Halperin isn't talking about state-level polling, because NBC used Mason-Dixon this year, which uncharacteristically stunk up the joint, while the Wall Street Journal skipped state-level polling this year after having funded those horrible Zogby internet polls in 2006.</p>  <p>So what else is there? It's true that ABC/WaPo and NBC/WSJ have the money to fund elaborate polls with extensive crosstabs. But so does Pew, and its final numbers were second-best. In fact, it's hard to argue that given the breath of results, that Pew <em>isn't</em> the gold standard. CBS News and Democracy Corps polls also had extensive crosstabs available, all of which helped paint a more complete picture of the electorate and its leanings.</p>  <p>So what the hell is Halperin talking about? Well, he worked at ABC News before his current gig at Time, and his conservative buddies all work at the Wall Street Journal. Throw in a dash of the media trying to keep itself relevant by hyping its own products above all others, and that probably covers it. Because on the merits, if we're going to start talking "gold standard", and if we're going to try and define that by combining accuracy with breadth of results, then Pew would most certainly win. (And Rasmussen wouldn't be far behind.)</p>  <p>As to "bad polls driving too much of the coverage", there was one major culprit -- Zogby. And who was pushing Zogby's polling when it pretended to show a close race? Drudge. The guy that <a href="http://newsbusters.org/node/7906">rules Halperin's world</a>.</p>  <p>Meanwhile, John Heilemann follows up Halperin with a more substantive comment (and one clearly rued by Halperin) -- that Nate Silver kicked ass this year. Media companies may want to pretend that their products are the "gold standard", but it took a web-creation like Nate Silver to make sense of all that data and provide readers (and traditional media reporters) with numbers-based analysis of what was important, as well as offering a master clinic in how to read and analyze polls.</p>  <p>Halperin has long depended on his BFF Drudge to help steer the national conversation toward his beloved Republican buddies. So while he likely applauded Drudge's hyping of one-day Zogby samples (out of a three-day rolling average tracker) to create the impression that McCain was still competitive, a lot fewer people cared. All one had to do was head on over to <a href="http://www.fivethirtyeight.com/">FiveThirtyEight.com</a> to see that, in fact, the numbers continued to paint a grim picture for McCain.</p>
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		<title>The Huckabee Bitterness Tour Rolls On</title>
		<link>http://www.rightwingwatch.org/content/huckabee-bitterness-tour-rolls</link>
		<comments>http://www.rightwingwatch.org/content/huckabee-bitterness-tour-rolls#comments</comments>
		<pubDate>Mon, 24 Nov 2008 19:02:22 +0000</pubDate>
		<dc:creator>Kyle</dc:creator>
		
		<category><![CDATA[RightWingNuts]]></category>

		<category><![CDATA[Arkansas Governor Mike Huckabee]]></category>

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		<description><![CDATA[<p>As Mike  Huckabee travels the country promoting his new book, the overarching theme  seems to be &#8220;It Should Have Been Me,&#8221; in that the book is essentially a 200  page gripe about how the Republican Party lost its way and ended up losing the  election primarily <a href="http://www.newyorker.com/talk/2008/12/01/081201ta_talk_collins">because it  failed to choose him as its nominee</a>:</p>
<p>
  <blockquote>The former Arkansas governor Mike Huckabee, who won eight  states and more than four million votes in the Republican Presidential  primaries, spent Election Night at home in Little Rock. Eating takeout in the  den with his family and a few staffers, Huckabee wasn&#8217;t surprised to see Barack  Obama win, although he couldn&#8217;t help but think that things might not have  turned out the way they did had he been the nominee. &#8220;It would&#8217;ve been very  different,&#8221; he said the other day. &#8220;Because I would&#8217;ve campaigned that the economy  was headed toward meltdown. And I was saying this back when I was getting  laughed at by the Wall Street Journal and pilloried by the National Review.  They were just dicin&#8217; and slicin&#8217; me for not following the company line.&#8221;</blockquote>
</p>
<p>And while  his book is basically <a href="http://www.rightwingwatch.org/content/huckabees-anti-romney-tome">an  extended attack on Mitt Romney</a> and all that he represents, it looks like Huckabee  doesn&#8217;t exactly have warm feelings about Sarah Palin - or rather, he&#8217;s really  miffed that all the insiders who wrote him off suddenly rallied about Palin when  the only difference between the two was that, unlike her, he was arguably qualified for the position: </p>
<p>
  <blockquote>Asked about Sarah Palin, he responded, &#8220;She, uh, was an  appropriate choice, because she put John McCain back in the game.&#8221; That was the  get-along answer, but a few minutes later the new, aggrieved Huckabee  resurfaced. He recalled, &#8220;It was funny that all through the primary&#8212;I mean  literally up until McCain got enough delegates to win&#8212;people said, &#8216;You know,  Huckabee&#8217;s really running for Vice-President. Gee, Huckabee would be a great  Vice-President.&#8217; And from that day forward, when I actually was no longer  running for President, nobody ever said, &#8216;Gee, Huckabee would be a great  Vice-President.&#8217; &#8221; Neither was he quite so unperturbed by the Palin pick: &#8220;I  was scratching my head, saying, &#8216;Hey, wait a minute. She&#8217;s wonderful, but the  only difference was she looks better in stilettos than I do, and she has better  hair.&#8217; It wasn&#8217;t so much a gender issue, but it was like they suddenly decided  that everything they disliked about me was O.K. . . . She was given a pass by  some of the very people who said I wasn&#8217;t prepared.&#8221;</blockquote>
</p>
<p>I think that  is actually a really smart observation on Huckabee&#8217;s part. Why was it that all the Religious Right and  Republican insiders who dismissed Huckabee, with his ten years of experience as  governor and staunch record on their issues, rallied around Palin with her  limited time in office and a record utterly devoid of accomplishments? </p>
<p>And yes, we  are <a href="http://www.rightwingwatch.org/content/mccains-capitulation-religious-right-now-complete">looking</a> at you, <a href="http://www.rightwingwatch.org/content/huckabee-still-bitter-about-hagee-lashes-out-right">Gary  Bauer</a>.</p>]]></description>
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		<title>WSJ , Fox News&#8217; Hume and Hannity repeated baseless &#8220;car ballot&#8221; story to suggest vote tampering by MN officials</title>
		<link>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/452076150/200811130007</link>
		<comments>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/452076150/200811130007#comments</comments>
		<pubDate>Thu, 13 Nov 2008 18:38:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
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		<guid isPermaLink="false">http://mediamatters.org/items/200811130007</guid>
		<description><![CDATA[<p>In recent reports on the pre-recount audit of results in Minnesota's
Senate election, <em>The Wall
Street Journal</em>, Sean Hannity, and Brit Hume advanced rumors that 32
absentee ballots from Minneapolis
were mishandled, suggesting that election officials may have tampered with votes in an effort to
benefit Al Franken (D),
who is challenging Sen. Norm Coleman (R).
The claims followed comments
made on November 8 by
Fritz Knaak, a lawyer representing Coleman's campaign, who reportedly said, "We were
actually told ballots had been riding around in [Minneapolis director of elections Cindy
Reichert's] car for several days, which raised all kinds of integrity
questions." However, none of the three mentioned
that Knaak reportedly <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.twincities.com%2Fci_10936725%3Fnclick_check%3D1">said</a> later on November 8 that he was <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fminnesota.publicradio.org%2Fdisplay%2Fweb%2F2008%2F11%2F08%2Frecount_court%2F%3Frsssource%3D1">assured</a>
the ballots weren't tampered with, and also reportedly <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.startribune.com%2Fpolitics%2Fnational%2Fsenate%2F34200229.html%3Fpage%3D2%26c%3Dy">said</a>
on November 10 that "[i]t does not appear that there was any
ballot-tampering, and that was our concern." Further, Hennepin
 County officials have
repeatedly said the ballots were sealed and held in a secure location, and
Reichert has reportedly said that the claim that the ballots were in her car was false, as was the claim that the ballots sat in a car for
days.</p>
<ul>
<li>In a November 12 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB122644940271419147.html%3Fmod%3Dspecial_page_campaign2008_mostpop">editorial</a>
headlined "Mischief in Minnesota?"
the <em>Journal</em> wrote: "You'd
think Democrats would be content with last week's electoral rout. But judging
from the odd doings in Minnesota,
some in their party wouldn't mind adding to their jackpot by stealing a Senate seat
for left-wing joker Al Franken." The <em>Journal</em> wrote of
the absentee ballots: "[N]early every 'fix' has gone for Mr.
Franken, in some cases under strange circumstances. For example, there was
Friday night's announcement by Minneapolis's
director of elections that she'd forgotten to count 32 absentee ballots in her
car." </li>
</ul>
<ul>
<li>During the November 11 edition of Fox News' <em>Hannity &#38; Colmes</em>, host Sean Hannity
said to Fox News contributor Lanny Davis: "You're missing a lot of issues here that actually matter, and one is lack of transparency. Another is a lack of
uniform standards for protecting of the ballots. We have an issue of ballots
showing up in a car somewhere,
and then they're
gonna be counted?
Where were these ballots before? So there -- there's a lot of questions about -- about, you know, behavior on the part of some."</li>
</ul>
<ul>
<li>Similarly, during the November 11 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.foxnews.com%2Fstory%2F0%2C2933%2C450444%2C00.html">edition</a> of Fox News' <em>Special Report</em>, host Brit Hume said, "The campaigns are also negotiating ballot security
standards after an unsuccessful challenge by Coleman to halt the counting of 32
absentee ballots that were supposedly left for days in the trunk of an election
official's car." During Hume's report, on-screen graphics read "FRAUD
ALERT" and "CAR TROUBLE."</li>
</ul>

<p><img src=&#x22;http://mediamatters.org/static/images/item/hume-20081111-fraud1.jpg" border="0" alt="Brit Hume screengrab" /></p>

<p><img src=&#x22;http://mediamatters.org/static/images/item/hume-20081111-fraud2.jpg" border="0" alt="Brit Hume screengrab" /></p>

<p>In a November 12 MinnPost.com <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.minnpost.com%2Fdavidbrauer%2F2008%2F11%2F12%2F4565%2Fminneapolis_election_director_speaks_ballots_in_my_car_story_false">article</a>, reporter
and Minneapolis Public Radio <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.knightfoundation.org%2Fprograms%2Fcommunities%2Fnews%2Fnews_release_detail.dot%3Fid%3D137041">media
analyst</a> David Brauer
explained the origins of the story that the missing ballots had
been in Reichert's car: "The 'car ballot' story emerged
Saturday [November 8] from the
mouth of Coleman lawyer Fritz Knaak, who, according to <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fksax.com%2Farticle%2Fstories%2FS653106.shtml%3Fcat%3D10230" target="_blank">AP</a>, told
reporters, 'We were actually told ballots had been riding around in her
car for several days, which raised all kinds of integrity questions.'
"</p>

<p>But contrary to the accusations by the <em>Journal</em>, Hannity, and Hume, Brauer also reported: "Knaak never provided a
source and did not return two MinnPost calls for comment. However, he was
already backing off his story at the same press event. As that day's [St.
  Paul] Pioneer Press <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.twincities.com%2Fci_10936725">noted</a>, 'Knaak said he feels
assured that what was going on with the 32 ballots was neither wrong nor
unfair.' "</p>

<p>Indeed, the <em>Star Tribune</em> further reported in a
November 11 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.startribune.com%2Fpolitics%2Fnational%2Fsenate%2F34200229.html%3Fpage%3D2%26c%3Dy">article</a> that Knaak
said on November 10 that "we've heard enough from the city attorney to let
go of this. It does not appear that there was any ballot-tampering, and that
was our concern." From the article: </p>
<blockquote>

<p>One
dispute resolved</p>

<p>On
Saturday, the Coleman campaign had asked for an injunction to stop the counting
of 32 absentee ballots in Minneapolis
that had not been delivered on Election Day. A judge declined to grant the
injunction, and Knaak said Monday that "we've heard enough from the city
attorney to let go of this. It does not appear that there was any
ballot-tampering, and that was our concern."</p>

<p>Minneapolis city election officials said the 32 ballots were never
"missing" and were delivered after Election Day. </p>

<p>Knaak
said that with certified totals in, the campaign is now focused on the recount
process.</p>
</blockquote>

<p>A November 8 AP
article also <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwcco.com%2Fpolitics%2Fcoleman.block.votes.2.859648.html">reported</a>: "Knaak also said
a Minneapolis
attorney reassured Coleman's campaign that no one but an elected official had
access to the 32 ballots and there was no tampering."</p>

<p>Regarding the
integrity of the ballots, Brauer reported that Reichert made "three fundamental points":</p>
<blockquote>

<p>Before getting into the details, she makes three fundamental points:</p>

<p>1. The ballots where <em>never</em> in her car.</p>

<p>2. The ballots were never in <em>anyone's</em> car for several days.</p>

<p>3. The ballots were never lost or forgotten, and spent Election Night until counting day in secure city facilities. [emphasis in original]</p>
</blockquote>

<p>The Minneapolis <em>Star Tribune</em>
<a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.startribune.com%2Flocal%2Fminneapolis%2F34147894.html%3Felr%3DKArksLckD8EQDUoaEyqyP4O%3ADW3ckUiD3aPc%3A_Yyc%3AaULPQL7PQLanchO7DiUs">reported</a> on November 9 that the "32 Minneapolis
ballots were part of the normal delivery of absentee ballots late in the
polling day, according to Election Director Cindy Reichert. She said they were
retained when they couldn't be delivered because some polling places had shut
down for the day. She said the ballots were kept sealed until other election
duties were completed and were being counted Saturday afternoon, with results
to be delivered to the state on Monday."</p>

<p>Similarly, the St. Paul <em>Pioneer Press </em><a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.twincities.com%2Fci_10951228%3FIADID%3DSearch-www.twincities.com-www.twincities.com">reported</a> on November 10 that on
Election Day, officials "attempted to deliver absentee ballots that
arrived as part of a late mail delivery to the appropriate precinct. But some
precincts had closed by the time they got there, and the ballots were returned
to a secure location before being counted according to state law."</p>

<p>From <em>The Wall Street Journal</em>'s November 12 editorial:
</p>
<blockquote>

<p>The vanishing Coleman vote came
during a week in which election officials are obliged to double-check their
initial results. Minnesota
is required to do these audits, and it isn't unusual for officials to report
that they transposed a number here or there. In a normal audit, these mistakes
could be expected to cut both ways. Instead, nearly every "fix" has
gone for Mr. Franken, in some cases under strange circumstances.</p>

<p>For example, there was Friday
night's announcement by Minneapolis's
director of elections that she'd forgotten to count 32 absentee ballots in her
car. The Coleman campaign scrambled to get a county judge to halt the counting
of these absentees, since it was impossible to prove their integrity 72 hours
after the polls closed. The judge refused on grounds that she lacked
jurisdiction. </p>
</blockquote>

<p>From the November 11 edition of Fox
News' <em>Hannity &#38; Colmes: </em></p>
<blockquote>

<p>HANNITY:
You're missing a lot of issues here that actually matter, and one is lack of
transparency. Another is a lack of uniform standards for protecting of the
ballots. We have an issue of ballots showing up in a car somewhere, and then they're gonna be counted? Where were
these ballots before?</p>

<p>So there -- there's a lot of
questions about -- about, you know, behavior on the part of some. </p>
</blockquote>

<p>From the November 11 edition of Fox
News' <em>Special Report with Brit Hume</em>:
</p>
<blockquote>

<p>HUME: There are worries about
what's up in that Minnesota Senate race, where Republican incumbent Norm Coleman was ahead of Democrat Al
Franken by 725 votes the morning after the election.</p>

<p>But
Franken has narrowed the gap to about 200, even though a recount has not yet been started. That is because election officials are correcting
supposed typos in how the numbers were reported. Those corrections have added
435 votes to Franken while taking away 69 from Coleman. And virtually all of
Franken's new votes came from just three of the more than 41,000 precincts.</p>

<p>The
campaigns are also negotiating ballot security standards after an unsuccessful
challenge by Coleman to halt the counting of 32 absentee ballots that were
supposedly left for days in the trunk of an election official's car.</p>

<p>Republican
Governor Tim Pawlenty says, quote, "These changes seem to disproportionally -- overwhelmingly favor Al
Franken." </p>
</blockquote><div class="feedflare">
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		<title>BEHIND THE LINES: Our Take on the Other Media&#8217;s Homeland Security Coverage</title>
		<link>http://www.cqpolitics.com/hsnews-000002985583</link>
		<comments>http://www.cqpolitics.com/hsnews-000002985583#comments</comments>
		<pubDate>Thu, 13 Nov 2008 11:27:09 +0000</pubDate>
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		<guid isPermaLink="false">hsnews-000002985583</guid>
		<description><![CDATA[When Barack Obama takes office next January, “Americans won’t just get a new president; they might finally learn the full extent of George W. Bush’s warrantless domestic wiretapping,” Wired’s Ryan Singel suggests. The next president is unlikely to radically overhaul his predecessor’s controversial intel policies, an approach sure to raise Dem Party blood pressure, The Wall Street Journal’s Siobhan Gorman learns from Obama advisers. That said, the top two intel officers expect to be replaced early in the next administration, The Washington Post’s Walter Pincus and Karen DeYoung learn.]]></description>
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		<item>
		<title>Hannity, Limbaugh promote myth of an &#8220;Obama recession&#8221;</title>
		<link>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/451334869/200811120011</link>
		<comments>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/451334869/200811120011#comments</comments>
		<pubDate>Thu, 13 Nov 2008 02:16:46 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<category><![CDATA[Barack Obama]]></category>

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		<category><![CDATA[Drumbeat]]></category>

		<category><![CDATA[Economic Data]]></category>

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		<guid isPermaLink="false">http://mediamatters.org/items/200811120011</guid>
		<description><![CDATA[<p>On the November 11 broadcast of his
nationally syndicated radio program, Sean Hannity <a href="http://mediamatters.org/items/200811070011?f=h_latest">again</a> suggested that President-elect
Barack Obama is to blame for the decline in the stock market and said of Wall
Street's performance: "Wall Street keeps sinking. Could it be the Obama
recession: The fear that taxes are gonna go up, forcing people to pull out of
the market?" Hannity is not alone among conservatives in the media in
referring to an "Obama recession" in purported explanation for the state
of the stock market. As MSNBC's Chris Matthews noted on November 12, radio host Rush Limbaugh
"says the recession isn't President Bush's fault. It's
the fault, catch this, of the president who hasn't yet taken office.
It's an 'Obama recession'; that's what he's
calling it." Matthews characterized Limbaugh's reference to an
"Obama recession" as "some of the bitter sore loser's
rhetoric we are hearing from the right these days." </p>

<p>Limbaugh referred to an "Obama
recession" on the November 6 and November 11 broadcasts of his nationally
syndicated radio show. But as <em>Media Matters for America</em> has <a href="http://mediamatters.org/items/200811070011">noted</a>, analysts have refuted the
proposition that the market decline is attributable to Obama's election,
citing other factors such as weak economic data.</p>

<p>For
instance, a post on <em>The Wall Street Journal</em>'s
MarketBeat blog stated that "[f]ollowing the brief pre-election euphoria
that brought stocks up 17% in a six-day period, stocks have been sluggish since
as investors focused, once again, on the lame economic data and the drumbeat of
bailouts, potential bailouts, and worries about other bailouts." From a
November 12 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fblogs.wsj.com%2Fmarketbeat%2F2008%2F11%2F12%2Fwednesdays-market-is-full-of-woe%2F" title="http://blogs.wsj.com/marketbeat/2008/11/12/wednesdays-market-is-full-of-woe/">item</a> on MarketBeat:</p>
<blockquote>

<p>The market has
contracted an ongoing case of the "blahs." Following the brief
pre-election euphoria that brought stocks up 17% in a six-day period, stocks
have been sluggish since as investors focused, once again, on the lame economic
data and the drumbeat of bailouts, potential bailouts, and worries about other
bailouts.</p>

<p>"The market is
kind of wallowing and just kind of staying in a downtrend right now,"
says Stephen Carl, head trader, Williams Capital. "The market is not keen
on anything at the moment." </p>

<p>Again, stocks were
lower. The Dow industrials lost nearly 2%, and other major averages were
performing about as well after another spate of sour news from America's
corporations. </p>

<p>"The weakness
being witnessed at the start of today's session can be accounted for by
the negative investor sentiment surrounding the still unfolding economic
crisis," writes Conley Turner and Brian Sozzi, research analysts at Wall
Street Strategies. "The market is in uncharted territory, and is navigating
a path that requires the skill set of the early world explorers...the news
flow so far, albeit slow, is not providing any solace to market
participants."</p>

<p>[...]</p>

<p>One problem may be that U.S. stocks, in
a sense, are no more attractive now than they were at the beginning of the
year. According to Bespoke Investment Group, the U.S. price-to-earnings ratio sits
at 20.54, compared with 20.11 at the beginning of 2008. Usually, P/E ratios
decline in bear markets, but as earnings have fallen faster than prices, the
U.S. P/E has expanded.</p>
</blockquote>

<p>Additionally,
as <em>Media Matters</em> <a href="http://mediamatters.org/items/200811070011">documented</a>, in the days immediately
following the November 4 election, several analysts on Fox News and Fox
Business Network cited reasons independent of the election to explain the fall of
the market, explicitly stating that they did not believe the market was
reacting to Obama.</p>

<p>From
the November 12 edition of MSNBC's <em>Hardball
with Chris Matthews</em>:</p>
<blockquote>

<p>MATTHEWS:
Also, baseball, hot dogs, apple pie and Chevrolet: Is there anything that says America
to the world, or used to, more than the American auto industry? Democrats are
now urging emergency help for an industry in desperate trouble, while President
Bush is cool to the idea. Should the blame for this destruction of our industry
go to the politicians for refusing to modernize Motown all these years? Should
the auto industry be forced to make it on its own now, or is it just too big
and important in jobs to be allowed to die? We'll ask author and <em>New York Times</em> columnist Tom Friedman,
he's coming on <em>Hardball</em>
tonight. Plus, Rush Limbaugh says -- and sometimes I agree with him; not this
time -- he says the recession isn't President Bush's fault, it's
the fault, catch this, of the president who hasn't yet taken office, Barack
Obama. It's an "Obama recession"; that's what he's
calling it. That's just some of the bitter sore loser's rhetoric we're
hearing from the right these days. Later on -- later on that -- we'll
have more on that. Also, what are President Bush's greatest regrets as his
presidency comes to a close? We'll have that, the 11th-hour confessions,
and he's making a true confession right
now on tonight's "Politics
Fix."</p>
</blockquote>

<p>From the November 6 edition of Premiere
Radio Networks' <em><em>The
Rush Limbaugh Show</em></em>: </p>
<blockquote>

<p>LIMBAUGH:
Now, Carl Cameron did a report on Fox last night. He was on <em>The O'Reilly Factor</em>, and he's
now been everywhere on Fox because people have been leaking to him. But
it's not just -- it's not just Fox and Carl Cameron. <em>Newsweek</em> -- <em>Newsweek</em> has a special project they call -- on Sarah Palin, the
purpose of which is to destroy Sarah Palin and, of course, establish the
anointed one.</p>

<p>Speaking
of Obama, by the way, the Obama recession is in full swing, ladies and
gentlemen. Stocks are dying, which is a precursor of things to come. This is an
Obama recession. Might turn into a depression. It's -- he hadn't
done anything yet, but his ideas are killing the economy. His ideas are killing
Wall Street. They need some certainty. And now everybody in the drive-bys -- we
don't know who Obama is<em>.</em>
We've got a story from Jennifer Loven at the Associated Press today -- we
don't know who Obama is. All of a sudden now on Charlie Rose,
they're starting to talk about his ties to Saul Alinsky.
</p>
</blockquote>

<p>From the November 11 edition of <em><em>The Rush Limbaugh Show</em></em>:
</p>
<blockquote>

<p>LIMBAUGH:
I just -- you know, I remember when the focus in this country used to be on
the private sector. In the good old days, what was good for GM was good for America.
Now we're told what's good according to the Treasury secretary is
good for America.
The singular focus on Washington
is the problem. Everybody -- you know, the market down 267 again. The Obama
recession continues.</p>

<p>And why
is this happening? Because there's no stability. The markets are frozen
waiting for Paulson to say something. The Treasury secretary has all the power
here. The markets are frozen because they really don't know how fast
Obama is going to embark on his own destruction of the U.S. economy via his tax increases.
</p>

<p>There
is so much government interference. There is so much government control. There
is no incentive to plan for next week if you're one of these businesses,
unless you're desperately trying to stay alive by asking the government
for a bailout. Then you're trying to get it next week. But there is no
incentive to plan for much -- you know, next five years out.
</p>
</blockquote>

<p>From the November 11 broadcast of ABC
Radio Networks' <em>The Sean Hannity Show:
</em></p>
<blockquote>

<p>HANNITY:
By the way, Donald Trump was right. He was saying that he expects oil to
tumble. He even said it may go as low as $20 a barrel. He said this when it was
140. Now, it's under $55 a barrel. Well -- and by the way, Wall Street
keeps sinking. Could it be the Obama recession: the fear that taxes are
gonna go up, forcing people to pull out of the market? All right, let's
get to our phones here, as promised. Let's go to Ann in Rahway, New Jersey.
Ann, long time no -- no hear. How are you? Welcome to the show.
</p>
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		<item>
		<title>Media conservatives claim America is &#8220;center-right,&#8221; but political scientists challenge reliance on voter self-identification</title>
		<link>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/449040117/200811100013</link>
		<comments>http://feeds.mediamatters.org/~r/mediamatters/latest/~3/449040117/200811100013#comments</comments>
		<pubDate>Tue, 11 Nov 2008 02:01:34 +0000</pubDate>
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		<guid isPermaLink="false">http://mediamatters.org/items/200811100013</guid>
		<description><![CDATA[<p>Notwithstanding sweeping Democratic
victories in 2006 and 2008, several conservative commentators claim America is
ideologically a "center-right" country, citing as evidence <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.cnn.com%2FELECTION%2F2008%2Fresults%2Fpolls%2F%23USP00p1">general
election exit polls</a> showing that 22 percent of respondents identify themselves as
"liberal," 44 percent as "moderate" and 34 percent as
"conservative." But political scientists dispute the reliability of
voters' identification with political ideologies, saying that those who
do not regularly follow political discourse often lack an understanding of what
constitutes "conservative" and "liberal" principles and policies. Moreover, notwithstanding the findings in exit polling of voter
self-identification, a postelection poll by Democracy Corps found that a
strong majority favored the more progressive position on a number of issues. </p>

<p>In a November 10 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.nytimes.com%2F2008%2F11%2F10%2Fopinion%2F10kristol.html%3F_r%3D4%26ref%3Dopinion%26oref%3Dslogin%26oref%3Dslogin%26oref%3Dlogin%26oref%3Dslogin">column</a>,
<em>New York Times</em> columnist Bill
Kristol wrote that "this was a good Democratic year, but it is still a
center-right country": </p>
<blockquote>

<p>What's
more, this year's exit polls suggested a partisan shift but no
ideological realignment. In 2008, self-described Democrats made up 39 percent
of the electorate and Republicans 32 percent, in contrast with a 37-37 split in
2004. </p>

<p>But
there was virtually no change in the voters' ideological
self-identification: in 2008, 22 percent called themselves liberal, up only
marginally from 21 percent in 2004; 34 percent were conservative, unchanged
from the last election; and 44 percent called themselves moderate, compared
with 45 percent in 2004.</p>

<p>In
other words, this was a good Democratic year, but it is still a center-right
country. Conservatives and the Republican Party will have a real chance for a
comeback -- unless the skills of the new president turn what was primarily an
anti-Bush vote into the basis for a new liberal governing era. </p>
</blockquote>

<p>In a November 6 <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB122593304225103509.html">column</a> in <em>The Wall Street Journal</em>, Karl Rove wrote:</p>
<blockquote>

<p>It is a
tribute to his skills that Mr. Obama, the most liberal member of the U.S.
Senate, won in a country that remains center-right. Most pre-election polls and
the wiggly exits indicate America
remains ideologically stable, with 34% of voters saying they are conservative
-- unchanged from 2004. Moderates went to 44% from 45% of the electorate, while
liberals went to 22% from 21%.</p>
</blockquote>

<p>In his November 5 <em>Chicago Sun-Times</em> <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.suntimes.com%2Fnews%2Fhuntley%2F1265803%2CCST-EDT-HUNT07.article" title="blocked::http://www.suntimes.com/news/huntley/1265803,CST-EDT-HUNT07.article">column</a>,
Steve Huntley wrote that "the exit polls showing the Americans who voted
Tuesday described themselves as 44 percent moderate, 34 percent conservative
and only 22 percent liberal. That would seem to portray a center-right
nation": </p>
<blockquote>

<p>You
hear conservatives saying the voters didn't reject conservative principles in
this election, they rejected a Bush administration and its congressional allies
who had rejected conservative principles.</p>

<p>I'd
like to think that, too, but the verdict is still out and it will probably be
some time before we know if the ground shifted under American politics with <a name="ORIGHIT_2"></a><a name="HIT_2"></a>Barack
Obama's resounding victory.</p>

<p>[...]</p>

<p>On the
other side of the argument are the exit polls showing the Americans who voted Tuesday
described themselves as 44 percent moderate, 34 percent conservative and only
22 percent liberal. That would seem to portray a <a name="ORIGHIT_3"></a><a name="HIT_3"></a>center-right nation. </p>
</blockquote>

<p>During the November 7
broadcast of his nationally syndicated radio show, Rush Limbaugh said:
</p>
<blockquote>

<p>LIMBAUGH:
This is not a liberal country; it's not a center-left country. Look at
the exit polls. Look at the number of people who identified themselves as
conservatives versus liberals. This is a center-right country. Barack Obama
-- now, some of you are gonna just not believe me on this -- Obama, in the
last three weeks of this campaign, was running as a conservative. Tell me the
last liberal you ever heard promising a tax cut for 95 percent of the American
people. </p>
</blockquote>

<p>But in the 2005 edition of <em>American Public Opinion*</em>, <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.pol.uiuc.edu%2Falumni%2Falum%2Ferikson.html">Robert S. Erikson</a> and <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.polsci.uh.edu%2Ffaculty%2Fktedin%2F">Kent L. Tedin</a>,
political science professors at Columbia University and the University of Houston,
respectively, questioned the
reliability of poll questions that ask voters to self-identify with a political
ideology. Noting that "a standard poll question
is to ask respondents their ideological identification, usually with three
choices of liberal, moderate, and conservative, " Erikson and Tedin wrote:
</p>
<blockquote>

<p>Ideally,
ideological classification is a convenient way to measure individuals'
core political values and to summarize their political views on a variety of
issues. In practice, the result is mixed. The most politically sophisticated
segment of the public approximates the ideal. For them, ideological
identification goes a long way toward describing their political convictions.
But when less sophisticated people respond to the ideological identification
question with a response of liberal, moderate, or conservative, we can be less
sure of what the response means. At worst, the response represents some
idiosyncratic meaning known only to the respondent, or perhaps a doorstop
opinion made up on the spot. [Page 67] </p>
</blockquote>

<p>After listing traditionally conservative
and liberal views, Erikson and Tedin continued: "These kinds of relative
distinctions are familiar to people who follow politics closely. But the
language of ideology holds less meaning for the public as a whole. One test is
whether the individual can both identify the Republican as the more
conservative party and offer a plausible definition of the term <em>conservative</em>. Roughly half the public
passes this test of understanding of ideological labels" [Page 68].</p>

<p>Moreover, as <em>Media Matters for America</em> <a href="http://mediamatters.org/items/200811070013">documented</a>, Democracy
Corps, a Democratic polling group, released a <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.democracycorps.com%2Fdownload.php%3Fattachment%3Ddcor110508fq1.pdf">poll</a>
on <a href="http://mediamatters.org/rd?to=http%3A%2F%2Fwww.democracycorps.com%2Fstrategy%2F2008%2F11%2Fpost-election-survey-with-campaign-for-americas-future%2F">November 7</a>
that showed strong support for the progressive positions that President-elect
Barack Obama advocated, including the repeal of tax cuts for the wealthy and
near-universal health-care coverage. The poll also included questions that
provided a direct choice between the position taken by Obama on a given issue
and that taken by Sen. John McCain (without referring to Obama or McCain) --
with the more progressive choice echoing Obama's position and the more
conservative echoing McCain's. For most questions that juxtaposed a clear
progressive view with a clear conservative view, the progressive position was
more popular.</p>

<p>
* Erikson, Robert S., and Kent L.
Tedin. American Public Opinion. 7th ed. New York: Pearson Longman, 2005.
</p><div class="feedflare">
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		<item>
		<title>Most Economists Say Recession Has Arrived as Outlook Darkens</title>
		<link>http://thesyndrome.com/2008/03/14/most-economists-say-recession-has-arrived-as-outlook-darkens/</link>
		<comments>http://thesyndrome.com/2008/03/14/most-economists-say-recession-has-arrived-as-outlook-darkens/#comments</comments>
		<pubDate>Fri, 14 Mar 2008 07:21:50 +0000</pubDate>
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		<category><![CDATA[Depression Watch]]></category>

		<category><![CDATA[Amp]]></category>

		<category><![CDATA[Asset Prices]]></category>

		<category><![CDATA[Commerce Department]]></category>

		<category><![CDATA[Credit Crunch]]></category>

		<category><![CDATA[Decline]]></category>

		<category><![CDATA[Economic Forecasting]]></category>

		<category><![CDATA[Economic Growth]]></category>

		<category><![CDATA[Economists]]></category>

		<category><![CDATA[February Sales]]></category>

		<category><![CDATA[Gasoline Prices]]></category>

		<category><![CDATA[Home Values]]></category>

		<category><![CDATA[Reasonable Doubt]]></category>

		<category><![CDATA[Recession]]></category>

		<category><![CDATA[Respondents]]></category>

		<category><![CDATA[Retail Sales]]></category>

		<category><![CDATA[Scott Anderson]]></category>

		<category><![CDATA[Slowdown]]></category>

		<category><![CDATA[Wall Street]]></category>

		<category><![CDATA[Wall Street Journal]]></category>

		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://thesyndrome.com/2008/03/14/most-economists-say-recession-has-arrived-as-outlook-darkens/</guid>
		<description><![CDATA[The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a sharp drop in retail sales last month.
&#8220;The evidence is now beyond a reasonable doubt,&#8221; said Scott Anderson of Wells Fargo &#38; Co., who was [...]]]></description>
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