Nate Silver, over at fivethirtyeight, objects to the conventional wisdom that Herman Cain, despite his place in the polls, has little chance of becoming the Republican presidential nominee. That wisdom, consistent in this case with our book, The Party Decides, is that that Cain may have some appeal with some elements of the party, but he is not broadly appealing among political leaders, and so the party leaders will find a way to nominate someone else.
Cain is an outlier, in that his poll performance is high, but his ranking on various non-poll measures, such as support from political insiders, is low. Silver presents a great graph showing the relationship, using a new measure. Since these various measures of candidate strength are highly correlated, Cain is unusual. If you wanted to predict his poll position from his non-poll strength, you'd miss. (Although notice that this poll of political insiders shows more favorable attitudes toward Cain than a lot of other conventional wisdom.)
Silver concludes from this that pundits should stop saying that Cain has no chance. We don't know what will happen, but we could be in a “new normal,” in which support from others in the party is not as important as getting respondents in polls to say they will vote for you.
I think I look at Silver's data differently than he does. Cain is an outlier in the relationship between poll standing and insider support. But that's not the relationship that matters. What matters is the relationship between these factors and winning the nomination. Figuring that out is hard, though, precisely because they are so related to one another. Polls and elite support (and media coverage, and money raised) are what we call multicolinear. In such a case, it's hard to say if raising more money is more important than getting insider support, because the people who get one also get the other, and then they win.
So you look for high-leverage cases. That is, cases that don't fit the relationship among your predicting variables. There have been some. Certainly many early poll leaders were busts, although it is getting later. Still, what matters is not whether you can get a plurality in Iowa. What matters is whether the party will support you or oppose you if you do. Similarly, we can learn that money isn’t very helpful without elite support from folks like Pat Robertson and Steve Forbes, who had lots of money but little elite support. The analysis we do in the book suggests that polls are not more important than elite support, so pundits who see Cain as an outlier and go with the non-poll measures are probably doing the right thing. But all of this is hard to measure, and Silver’s new measures may be very helpful.
Cain is the next high-leverage case. If he gets the nomination, especially if he does so without getting any more support from party insiders, then that is evidence against the argument, which we advance, that party leaders generally get their way. But if he doesn't get it, then that is still more evidence that a narrow focus on polls is less helpful than understanding the preferences of the people who devote their lives to party politics. We won't know for sure until we see the dependent variable—who wins the nomination.
So I'm waiting for the outcome, but there's nothing wrong with predicting which way you think it's going to come out. Our best understanding of how these things work says Cain isn't the next nominee. I don't think pundits who say he has essentially no chance are really wrong. They are no doubt responding to the equally loud voices that keep calling Cain the front-runner. The evidence we have so far is that popular support without insider support isn't good enough. It's good journalism to communicate that.
