IndepCentristMA
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Alright, I did some research and it appears you're correct. But if this is true, I believe you're simply magnifying the significance of the undecided vote past what it really is.
In 1964, over 80 percent of the undecided vote went to Goldwater, not Johnson - but Johnson won anyway, winning the popular vote by 60 percent. INCUMBENT VICTORY.
In 1972, over 80 percent of the undecided vote went to McGovern, not Nixon - but Nixon destroyed McGovern, once again also winning over 60 percent of the popular vote. INCUMBENT VICTORY.
In 1976, over 80 percent of the undecided vote went to Carter, not Ford. Carter wins the popular vote 50-48. CHALLENGER VICTORY
In 1980, over 80 percent of the undecided vote went to Reagan, not Carter. Reagan wins the popular vote, 50-41. CHALLENGER VICTORY.
In 1984, over 80 percent of the undecided vote went to Mondale, not Reagan. Reagan wins the popular vote, 59-41. INCUMBENT VICTORY.
In 1992, over 80 percent of the undecided vote went to Perot or Clinton, not Bush. Clinton wins the popular vote, 43-37.5. CHALLENGER VICTORY.
In 1996, over 80 percent of the undecided vote went to Dole, not Clinton. Clinton wins the popular vote, 49-40. INCUMBENT VICTORY
In 2004, over 80 percent of the undecided vote went to Kerry, not Bush. Bush wins the popular vote 50-48. INCUMBENT VICTORY.
Tally:
Incumbent victories - 5
Challenger victories - 3
So, out of all of these situations, you are entirely correct that the undecided vote breaks for the challenger every single time. And yet, there are five incumbent victories, and only three challenger victories. Which means, based on the admittedly limited simple size, that either the undecided vote simply doesn't have a significant impact on who wins, or if anything, undecided voters going for the challenger means the incumbent is more likely to win.
So what makes you think undecided voters will have that big of an impact this time around? What makes you think Obama has more in common with Carter, Ford and Bush 1, as opposed to Johnson, Nixon, Reagan, Clinton, and Bush W?
It's a matter of math... (yikes was it really 80% each time?)
If you take polls, and have a margin of 2-4% with, with 5% undecided... if 80% of the undecided vote goes to the challenger, it's more than enough to swing the election...
2012 General Election: Romney vs. Obama - Pollster - Huffington Post 2012 Election Dashboard
Pollster has a poll average set at; Obama 45.6%, Romney 44.8% (a difference of .8), Undecided 6.6% (which at 20-80 would break 1.32-4.28. which would then make it 46.92-49.08... theoretically)
I still think these polls are too early to indicate much of anything... and all the historical polls people keep pointing to are from july and beyond (we just entered April)... so it's no use really concerning ourselves with this crap yet...
Of the situations you posted above, the only one which looks similar to this race so far is the Carter-Ford race, with the 50-48 popular vote (Ford had a similar unemployment rate)...