A bit more evidence that victory celebrations for the Greatest Electoral Defeat In Recorded History Ever™ might be a bit premature comes from Barron's, the folks who know just a teeny bit about money. They analyze campaign finances and have used that to accurately predict elections in the past. They are doing so in this election cycle as well. And they are bucking conventional wisdom again this year.
Our analysis — based on a race-by-race examination of campaign-finance data — suggests that the GOP will hang on to both chambers, at least nominally. We expect the Republican majority in the House to fall by eight seats, to 224 of the chamber's 435. At the very worst, our analysis suggests, the party's loss could be as large as 14 seats, leaving a one-seat majority. But that is still a far cry from the 20-seat loss some are predicting. In the Senate, with 100 seats, we see the GOP winding up with 52, down three
We studied every single race — all 435 House seats and 33 in the Senate — and based our predictions about the outcome in almost every race on which candidate had the largest campaign war chest, a sign of superior grass-roots support. We ignore the polls. Thus, our conclusions about individual races often differ from the conventional wisdom. Pollsters, for instance, have upstate New York Republican Rep. Tom Reynolds trailing Democratic challenger Jack Davis, who owns a manufacturing plant. But Reynolds raised $3.3 million in campaign contributions versus $1.6 million for Davis, so we score him the winner.
Likewise, we disagree with pollsters of both parties who see Indiana Republican Rep. Chris Chocola getting whomped by Democratic challenger Joe Donnelly, a lawyer and business owner from South Bend. Chocola has raised $2.7 million, versus $1.1 million for Donnelly. Ditto in North Carolina, where we see Republican Rep. Charles Taylor beating Democrat Heath Shuler, a former NFL quarterback, because of better financing. Analysts from both parties predict a Shuler upset.
Read the whole thing. There are some surprises for some people, I think. If they track as accurately as in the past, there are going to be many people reaching for the Fernet Branca on November 8th. Sorry Lyn.