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It seems to be so.
Last time I checked 538's Election Forecast, Trump had a 39% chance of winning. I just checked it a minute ago, and now it's down to 21.3%.
Which is why the debate this Sunday is really make it or break it for Trump. Another debate like the first for him solidifies opinion against him and its going to be extremely difficult for him to overcome that as the number of undecided voters goes down week by week. And as Clinton inches upwards, it means those people are going to need a really good idea to switch from Clinton to Trump. If these numbers regarding undecided are accurate, Trump needs at least two out of every three current undecided voters to break his way and if they have not gone for Trump yet its hard to see them doing so in those sort of numbers.