May 2009 Archives

Recently in the Arena

| No Comments

A Reponse to KK

| 4 Comments

One inaccurate prediction and the critics are ready to jump!  This from my QJPS co-editor-in-chief Keith Krehbiel (originally posted as a comment): 

Nolan's update makes me wish I had taken the time to write up the various reasons I disagreed with his original, refreshingly out-on-a-limb comment. But now I'm thinking, 'Prediction is easy, especially about the past, so should I bother?'

Well, even with 100+ days behind us, there is still plenty of future ahead of us, so I'll venture a somewhat different genuine prediction than Nolan's ("genuine" as in, about events yet to come). I would be interested in seeing counterpart expectations generated from alternative theories that take a "strong parties" perspective.

Here is a strict version of my expectation. New Specter will be just like Old Specter, voting with the Democrats sometime and Republicans others, and with a much more even split than most/all other Senators. In short, the Specter switch won't matter at all. This is what the pure version of Pivotal Politics, for example, would say. Not many people would buy this, however, so let's take it a step farther by trying to incorporate Nolan's electoral observations into my essentially take-elections-as-given theory.

Specter switched parties for transparent electoral reasons, so to see what difference it makes in governing, one has to size up whether and how his electorally induced preferences will change as a result of the fact that he now has to win his seat from the left side of the Pennsylvania electoral median rather than from the right side. Models of electoral competition don't speak very directly and generally to this situation, however it is difficult to concoct a plausible scenario in which New Specter ends up right of Old Specter, and it's easy to do the opposite, so let's just accept the assertion (nowhere disputed to the best of my knowledge) that New Specter IS now playing to a more leftish audience than Old Specter. (This quasi-theory based assertion is certainly consistent with Nolan's data, too.) How does this parties-in-electorate induced preferences shift affect what policy comes out of the Senate, the Congress, and ultimately the Government?

Returning now to the theory of government, suppose Old Specter was THE filibuster pivot (probably true on a few issues at least). Now, in light of his left-shifted electorally induced preferences he is no longer the filibuster pivot. Who is? Again, hard to say definitively, but it's easy to characterize qualitatively: a Senator, such as Snowe or Collins, who has preferences very close to Old Specter -- so close, in fact, that it's hard to imagine there being any measurable impact on policy outcomes. In short, the Specter switch will matter a tiny bit at most. All it does is shift the filibuster pivot "one person" to the left, and even with an ostensible vanishing moderates problem in the Senate, there are still enough moderate Senators that there just isn't that much policy space between, say, a Old Specter and a Snowe.

My prediction in brief. We'll see plenty of gridlock -- much more than the 100-day-high pundits have prognosticated. Furthermore, if and when major legislation is passed, it will happen via major compromises that make the final product look much more like what Old Specter wanted than what Speaker Pelosi and Majority Leader Reid want.
_____
Footnote: In case anyone wonders what role party discipline plays in this forecast, the answer is none. The idea of Harry Reid disciplining Specter strikes me as comical on its face. I am reminded of an anecdote from a Republican Leaders Office staff meeting I attended in the early 1990s. Minority Leader Bob Dole ran the meeting. Arlen Specter had placed a hold on a bill that Dole was ready to move, given his negotiations with then Majority Leader George Mitchell.
Dole: Still stalled?
Staff: I'm afraid so, Senator. You know Specter: he's an independent thinker.
Dole: He's independent.

 

The problem with prediction is that an ex ante good one can turn out to be wrong and a lousy one can turn out to be just as accurate as a broken clock is twice daily.  So let me try to defend my original prediction as the better one ex ante even if may eventually concede that Keith's was more accurate.

As I originally pointed out, Keith's prediction that Specter would not move much isn't really borne out on data from other party switchers.  Of course there are many reasons to be skeptical of the data.  Perhaps the best is that almost all of the switchers are Southern Democrats who become Republicans.  So it might be incorrect to forecast Specter's positions from the behavior of politicians in a completely different context.  But I would maintain that the contexts are quite similar where it is the Northeastern Republicans on the short end of a regional realignment.  Keith, on the other hand, finds the forecast objectionable mainly because Specter is one ornery cuss (I'd love to include that as a variable).

But Keith's real objection is the insinuation that it matters whether Specter becomes Diane Feinstein's ideological soul mate.  He points out that the preferences of the filibuster pivot are likely to shift only a small amount, say to those of Olympia Snowe.  If it were just a straight-up Arlen-for-Olympia trade, I agree it would not be a big deal.  But let me raise two objections.  The first is a quibble: once Al Franken is seated, the NOMINATE data show that the switch is Olympia for Ben Nelson.  A bigger jump, but, I concede, not a huge one  (but to paraphrase a Mel Brooks movie, it's good to be Ben Nelson).

The second objection is a more serious methodological one.  On any given issue, there is considerable uncertainty about how an individual senator might vote (especially the moderate ones).  So the deterministic predictions of the Pivotal Politics  model may understate the effects of the shift I had forecast for Specter.  Let me clarify with a simple example.  Suppose Specter had not shifted.  After Franken is seated, support for a key piece of Obama's agenda is as follows:  57 support it with probability one, 47 oppose it with probability one, and 6 support it with probability .5.  This is a fairly plausible scenario (it is close to what the Stimulus bill would have been if Franken had been in the Senate).  The probability that the bill achieves cloture and passes is equal to the probability that at least 3 of the undecided support it or .656.  Now suppose that Specter had become one of the core supporters so that passage requires only the support of at least 2 of the 5 remaining undecideds.  Now the probability of success is .813.  While the probability of change we can believe in only goes up about 15%, it is certainly more than "a tiny bit at most."

There is one thing that Keith and I do agree on.  The effects of internal party pressure (i.e. whipping) on Specter's behavior are likely to be second order or non-existent (that was the main punchline of the paper with the data on party switching). 

Soon I hope to share some thoughts about what political scientists might learn about the role of parties from Arlen Specter.

Politico Arena

| No Comments

I will occassionally participate in Politico's Arena.  Today's question was "In the wake of the stress tests, are you more or less distressed about American's banks?".  I responded

 If I were a shareholder in a large bank, I would be considerably less distressed today. If nothing else, the whole process reassures private investors that the Treasury and Fed are committed to handling the bank solvency issue in a way that is favorable to equity and bondholders. As a taxpayer, I remain concerned that their approach may not be the least costly or efficient alternative. In particular, I worry that if the banks do not succeed in raising the needed capital privately, we will have just substituted one form of nationalization (FDIC-style restructuring) with a worse one (the government as majority shareholder).

Although the results of the stress tests were as inflated as Ivy League grades, I am confident that that the process was very informing to regulators about the risks that remain. So I hope at least the Fed and Treasury will have a better idea about what steps will be necessary if the economy deteriorates significantly more than the rather mild "worst-case" scenarios used in the evaluation.

 

For the rest of the discussion, go to www.politico.com/arena.

permalink

Prediction is Hard (Especially about the Future)

| 1 Comment

So my earlier prediction that Arlen Specter would become a Democratic stalwart in the Senate has not fared so well.  First, he voted against the budget (I wrote that off to his already established opposition to that spending plan as it would have seemed too opportunistic to switch on that!)  Then he reasserted his opposition to Obama's health care proposals and card-check unionization.  And then he dropped the bomb:  saying the Minnesota courts should "do justice" and seat Norm Coleman (Specter says he forgot what team he was on -- switch parties after 29 years and it slips your mind!)

Of course, my prediction about the repercussions if he didn't become a Democrat's Democrat was correct.  The Democratic caucus, under considerable pressure from liberal interest groups, voted not to recognize his seniority (at least until after such point as he was elected as a Democrat).  This makes it increasingly likely that Specter will face a primary challenge from Joe Sestak who will be well funded by the liberal groups who despise Specter for his work on the Judiciary committee over the years.

Even if Specter had moved further to the left, it is not that unusual for the receiving party to be somewhat inhospitable to a switcher.  Many of the southern Democrats who switched parties as that region went Republican were challenged or defeated in primaries by purer conservatives.  As the Northeast goes Democratic, Republican switchers probably shouldn't expect much better treatment.  Of course, the Democrats are taking a bit of a gamble that Sestak can beat Toomey head-to-head.