By TOM RAUM, Associated Press Writer
WASHINGTON - President Bush (news - web sites) will be the first president in 72 years to face the electorate with a net job loss. The Iraq (news - web sites) war has deeply torn the nation. National polls show a neck-and-neck race. Yet economy-based projections still show a decisive Bush victory on Nov. 2. What gives?
Political scientists and many economists say this may be the year to throw the economic models out the window. Forecasters are flummoxed about the impact of Iraq, uncertain about the true state of the economy, and less sure about their projections than in any recent election.
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Foreign policy on the average is not that big a deal. But this time could be different. You never know. Iraq is such a big issue," said Yale economist Ray Fair, who has one of the best track records for predicting elections.
His model predicts Bush will get 57.5 percent of the vote, using such variables as economic growth, inflation, incumbency and duration in office. He has been accurate in five of the past six elections, missing only in 1992 when Bush's father lost.
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