Some pundits say that Democrats will win the midterms.
MSNBC tells us, “Democrats are seeing momentum headed into midterms.” House Speaker Nancy Pelosi claims, “We will hold the House by winning more seats!”
Really? Want to bet?
This fall, CNN’s Douglas Brinkley said, “There is a blue wave going on right now.” Michael Moore agreed: “There is going to be such a landslide” of elected Democrats.
At the time those predictions were made, people who bet on elections believed Republicans had better than a 70% chance of winning back the House.
Whom should we trust?
We can listen to:
No. 1: People who bet.
No. 2: The media pundits.
No. 3: Polls.
No. 4: Professional election forecasters.
Among forecasters, Nate Silver has the best track record. Early this week, his FiveThirtyEight website gave Democrats a 55% chance to hold the Senate (it’s since dipped down to 52%). The Economist’s forecasters give Democrats even better odds.
But I don’t believe them.
I believe the people who bet.





