Based on this week’s vote totals, they don’t seem concerned.
A clear majority of them voted for Obama.
The way I see it, they’re signing up for their share of the debt.
The generational transfer of government debt is officially off my worry list.
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Side note: Doesn’t look like Seniors were MediScared …
A reliable source tells me that the CBS report Romney “shellshocked” by loss is pretty much on the money …
The essence of the article:
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“Team Romney made three key miscalculations, in part because this race bucked historical trends”:
1. Turnout. They expected it to be between 2004 and 2008 levels, with a plus-2 or plus-3 Democratic electorate, instead of plus-7 as it was in 2008. Their assumptions were wrong on both sides:
2. Independents. State polls showed Romney winning big among independents.
3. Undecided voters. Romney was counting on that trend to continue. Instead, exit polls show Mr. Obama won among people who made up their minds on Election Day and in the few days before the election.
Punch line: For some folks who predicted a Romney win over Obama, it was simply heart over head.
For others, it may have been the favorite-long shot bias
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In gambling and economics, there’s an observed phenomenon favorite-long shot bias.
On average, bettors tend to overvalue “long shots” and undervalue favorites.
That is, in a horse race where one horse is given odds of 2-to-1, and another 100-to-1, the true odds might for example be 1.5-to-1 and 300-to-1 respectively.
Betting on the “long shot” is therefore a much worse proposition than betting on the favorite.
Various theories exist to explain why people willingly bet on such losing propositions, such as risk-loving behavior, or simply inaccurate estimation.
According to Ad Age …
CNN Narrowly Wins Cable News Ratings Race on Election Night
For the time period 7 p.m. until 2 a.m.
- CNN … 8.8 million viewers
- Fox News … close second with 8.7 million viewers.
- MSNBC … distant 3rd with 4.6 million .
For prime time 8 p.m. through 11 p.m.
- Fox won … averaged 11.5 million viewers … its highest prime-time viewership in history.
- Fox … only cable news network with an increase in viewership from the 2008 election ( 9 million viewers)
- CNN … 9.3 million prime-time viewers, 25% fewer than in 2008
- MSNBC … 4.7 million prime-time viewers, down 21% from 2008.
Peak viewership 11 p.m. hour
- CNN … 10.8 million
- Fox …10.1 million
Technical point: Fox was triple feeding some parts of the night to Fox Business and Fox Network
Interesting point: Obama cruised, but MSNBC only got about 20% of the CNN-FOX-MSNBC pool of voters. I would have expected that to be way higher.
According to a CBS exit poll, 60% voters who cast ballots said the economy was the most important issue in their vote.
That make sense.
But, an astounding 42% of the people in the CBS exit poll said Hurricane Sandy was an important factor in their vote and that Obama handled the emergency well.
Say what?
Demonstrating their conviction, these folks backed Obama by a better than two-to-one margin.
More astounding: 15% said it was the most important factor in Obama’s winning their vote.
This guy – and most others on Staten Island – probably weren’t in in the 15%.
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Ken’s Take:
Great play by Team Obama … a twofer.
Got some votes against Romney and ended Christie’s 2016 presidential bid.
The Homa Files 