The problem with Nate Silver's framework has never been the models, but that the whole enterprise of trying to predict elections just to predict elections is fundamentally useless.
Nate Silver uses his models to disguise an elitist pro-Wall Street ideology. Here's his strong pro-bailout rant in Feb 2009 titled "Give Geithner a Break." fivethirtyeight.com/features/give-…
Here's @NateSilver538 during the financial crisis in 2009.
1. "I’m sorry, but somewhere between 99.9% and 99.999999% of us are severely underqualified to be making policy recommendations on this issue." This is neither the time nor the place for mass movements..."
1. "I’m sorry, but somewhere between 99.9% and 99.999999% of us are severely underqualified to be making policy recommendations on this issue." This is neither the time nor the place for mass movements..."
2. "this is the time for expert opinion. Once the experts (and I’m not one of them) reach consensus on the best course of action then figure out who is impeding it for political or other disingenuous reasons and tackle them, do whatever you can to remove them from the field."
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