Intrade Picking McCain
September 12, 2008
For the first time, the pay-to-play markets are suggesting John McCain will come away the winner in November. The bid/ask spread is now 52.9/53.0 McCain, versus 46.1/47.9 for Obama. For comparison’s sake, in mid-July Barry led 64.8 to only 31.1 McCain.
This on the heels of news from Gallup that Congressional races are now tightening, with only a slim favoring of the Democrats. I’ve said it before, but Dems are the MASTERS of snatching defeat from the jaws of victory. Not that I’m complaining.