Friday, April 28, 2017

Update on the quest for the Graal

As we get closer to the second round of the presidential elections, the deep divisions within the population and the political parties are getting starker. 

-         -  55% of the population voted neither for Macron nor for Le Pen; what will they do on May 10[1]
-         -  Traditional parties and their candidates gathered just 27% of the votes; how will they rebuild, starting with these elections?
-         -  84% of the French were unhappy with the Hollande government and presumably wanted change, but for many Le Pen offers too much and Macron not enough.

The above 55% have a choice: pick another candidate or abstain.  It is always difficult for a losing candidate to recommend that his supporters vote for somebody else, unless of course this helps him advance (or save) his career.

So far, this reluctance combined with voters’ ambivalence about the remaining candidates has led to a rise in abstention expectations for the second round.

Melanchon refuses to endorse either Macron or Le Pen while Dupont Aignan is rallying Le Pen.  The most recent polls indicate that 28% of Fillon’s, 45% of Melanchon’s, and 29% of the Hamon’s voters intend to abstain.

At present, Macron is currently holding to a greater percentage of left-wing voters (40% of Melanchon’s) than Le Pen is to Fillon’s (29%).  Combined with the above abstention levels, this makes Macron difficult to beat. 

If we assume that those who voted for the outliers (Poutou, Asselineau, Arthaud[2]) will vote for Le Pen, then the second round should yield a 59%-41% victory for Macron[3].

This clear margin of victory is not rock solid, for several reasons:

-         - Besides his 24%, Macron needs votes from Les Républicains (which probably views him as too soft and linked to the cabale which plotted the fatal attack on its champion, Fillon), from the revolutionary Left (which has even less in common with him) and from the socialists (who have nowhere else to go if they want to salvage a future, but who probably feel betrayed).  In other words, Macron needs the votes of people who don’t share much with him except a dislike of Le Pen. 

-         -  He is not a seasoned campaigner, he doesn’t work a crowd like Marine Le Pen and yes, he is very young and it shows at times. 

-         -  The May 3 debate with Le Pen will be a high stake one.  If he loses 4% of the Fillon votes to her, and if she convinces half of the Melanchon voters tempted by abstention to vote for her, she wins by the narrowest of margin.   

-        -   Even if he were to squeeze by, he needs a clear victory to herd the parliamentary cats into a working coalition.

    The election is Macron to lose, he shouldn’t, but he could.



[1]  Date of the second round of the presidential elections.
[2]  Representing respectively the New Anticapitalist Party, the Republican Union and Workers’ Struggle).
[3]  We also use the same polls'estimates of how Macron and Le Pen will win over supporters of the candidates who lost in the first round.

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