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Your analysis comes up right, but for making predictions it lacks information about trends- rate of change, and in which direction.
We've had a national trend of nearly +3% Democratic voting per four years since 1992, with 1988 something of an aberration at 46% (about 6% that we lost, conservatives). Some states will run above that trend, others below it, and strong opponents or weak overall Party appearance suppresses things in individual elections by amounts in the single percentage point range. Gore, for example, probably lost about a half percentage point or up to one to Nader.
Some states run over trend- I think Arizona and Nevada are the likeliest ones to get to the 48.5% Democratic vote above which we should win. Others may or may not- Ohio is looking like a toss up, New Hampshire and West Virginia are murky. Some states are looking better for us, though- Oregon, Washington, Maine, Michigan, and New Mexico are looking much safer than in '00.
Some states are running counter to trend, stalling, or far behind it. I wouldn't put money on Colorado, Virginia, Missouri, Kentucky, Tennessee, Louisiana, or Arkansas voting Democratic at this point. On our side, Iowa and Wisconsin are looking dicey- though they may have maxed out for Republicans in '02. Minnesota is still trending Republican- but not enough so, to my reading, to tip it Republican in '04. They should all have clearly turned around by '08.
I like to think Pennsylvania is also creeping Democratic, but while eastern PA is looking that way it seems western PA is stalling or even counteracting that at the moment. In any case, it's proving a difficult state to read and could well be driven one way or the other by something like the steel tariff business.
Florida. The Party is just painfully dysfunctional there, desperately in need of renewal and rebuilding. Elections are won locally, and the few won statewide are won despite the state party and its very limited competence and seeming utter obsolescence outside several of the urban counties. Bush has just poured money and effort into the place to counteract all the protest voting that brought it within reach for Democrats in 2000. It's a very messy problem electorate to solve for the Democratic nominee, though it is possible. (It probably would be easier for him to snag Ohio and at least one other state- Missouri, New Hampshire, Nevada, or West Virginia- for about the same money and same/more EVs.)
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