Can you smell the Democrat panic? It smells like victory:
Democrats squared off in a debate on CNN last week, but neither the participants nor the moderators focused much on the economy — much less on Moody’s 2020 Presidential Election Model, a well-regarded forecast which had just been released.
However, the economy is top of mind with voters, and the historically accurate Moody’s report has President Trump winning in almost all scenarios.
The first of Moody’s three models, the Pocketbook model, has Trump winning by a landslide 351 electoral votes to 187 (presuming a traditional Democratic candidate). The Pocketbook model focuses on three major variables: gas prices, home prices and real personal income.
Unfortunately for the Democrats, this is the most important model, primarily due to the long-term nature of its economic variables. Kitchen-table economics are the key to most elections.