Obama won by 2.7% and it wasn't really considered a nail biter. Part of it is perception, Clinton seemed far ahead and the race coming back to recent historical norms seems dramatic. Part of it is the risk, if Romney defeats Obama it's unfortunate, but it's not like Romney will drive the bus off the cliff on purpose while Trump promises to set things back decades. Part of it is uncertainty and volatility, Obama at 2.7% was easier to not wet the bed over since the polls were so stable, while this election it's been much more variable, and there are a lot more undecideds plus more unusual patterns.
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Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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