Ipsos forecasting model says Obama is overwhelming favorite

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An Ipsos forecasting model finds that if President Obama’s approval rating stays at 47%, there is an 85% chance he wins reelection, Paul Bedard reports.

Should Obama’s approval rise to 50% or better, he stands a 99% chance of winning.

Said pollster Clifford Young: “Obama is the odds-on favorite barring some unforeseen random event. As such, we really should not be asking who will win the presidency but instead who will hold the House and Senate and will Obama be able to govern?”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.