Mathematical Case for Brokered Convention; How Ron Paul Can Throw
a Big Wrench Into Romney's Campaign
by Mike "Mish" Shedlock
Global
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There are 2,286 republican delegates. It takes 1,144 delegates
to win the Republication nomination. With four candidates remaining,
many are wondering about the likelihood of a brokered convention
where no candidate wins in the first round.
Conventional wisdom suggests there will not be a brokered convention.
From where I sit, one is increasingly likely.
Following is a table of delegates won so far (totals from Real
Clear Politics Delegate Count), plus my projections of all primaries
and caucuses through Super-Tuesday on March 6 (based on recent polls).
| State |
Primary |
Count |
Romney |
Santorum |
Gingrich |
Paul |
| Total to
Date |
- |
243 |
99 |
47 |
32 |
20 |
| Iowa |
Jan 3 |
28 |
6 |
7 |
0 |
0 |
| New Hampshire |
Jan 10 |
12* |
7 |
0 |
0 |
3 |
| South Carolina |
Jan 21 |
25 |
2 |
0 |
23 |
0 |
| Florida |
Jan 31 |
50* |
50 |
0 |
0 |
0 |
| Nevada |
Feb 4 |
28 |
14 |
3 |
6 |
5 |
| Minnesota |
Feb 7 |
40 |
2 |
17 |
1 |
4 |
| Colorado |
Feb 7 |
36 |
9 |
17 |
2 |
1 |
| Maine |
Feb 11 |
24 |
9 |
3 |
0 |
7 |
| Michigan |
Feb 28 |
30* |
13 |
11 |
2 |
4 |
| Arizona |
Feb 28 |
29 |
29 |
0 |
0 |
0 |
| Washington |
Mar 3 |
43 |
13 |
17 |
5 |
8 |
| Georgia |
Mar 6 |
76 |
19 |
22 |
27 |
8 |
| Ohio |
Mar 6 |
66 |
19 |
27 |
13 |
7 |
| Tennessee |
Mar 6 |
58 |
16 |
25 |
7 |
10 |
| Virginia |
Mar 6 |
49 |
49 |
0 |
0 |
0 |
| Oklahoma |
Mar 6 |
43 |
11 |
18 |
9 |
5 |
| Massachusetts |
Mar 6 |
41 |
28 |
8 |
2 |
3 |
| Idaho |
Mar 6 |
32 |
32 |
0 |
0 |
0 |
| North Dakota |
Mar 6 |
28 |
10 |
12 |
3 |
3 |
| Alaska |
Mar 6 |
27 |
10 |
11 |
3 |
3 |
| Vermont |
Mar 6 |
17 |
11 |
4 |
1 |
1 |
| Super Tuesday
Est |
Mar 6 |
782 |
359 |
202 |
104 |
72 |
| If Paul
Wins Idaho |
Mar 6 |
782 |
327 |
202 |
104 |
104 |
* States penalized half of their delegates.
Thru Super-Tuesday Scenarios
Romney 359 Others 423 (Romney wins Idaho)
Romney 327 Others 455 (Romney loses Idaho)
Notes
- I assigned delegates by expected percentages based on recent
polls except in winner-take-all setups. All state delegates were
assigned to the above four candidates.
- In no instance did I assume Romney would do worse than his most
recent polls. In several instances I bumped up Romney's poll percentages
substantially.
- Points one and two were not done to favor Romney per se, but
rather to to give a modest boost to the prevailing idea there
would not be a brokered convention.
Michigan Prediction
30 Delegates
Percent: Romney-40% Santorum-35% Gingrich-8% Paul-12%
Delegates: Romney-13 Santorum-11 Gingrich-2 Paul-4
Real Clear Politics Michigan
Primary Poll
Arizona Prediction
29 Delegates
Arizona is "Winner Take All"
Romney wins all 29 Delegates
Real Clear Politics Arizona
Primary Poll
Washington Prediction
43 Delegates
Percent: Romney-30% Santorum-38% Gingrich-12% Paul-17%
Delegates: Romney-13 Santorum-17 Gingrich-5 Paul-8
Real Clear Politics Washington
Caucus Poll
Georgia Prediction
76 Delegates
Percent: Romney-24% Santorum-26% Gingrich-33% Paul-10%
Delegates: Romney-19 Santorum-22 Gingrich-27 Paul-8
Real Clear Politics Super
Tuesday Poll (Georgia, Ohio, Oklahoma, Massachusetts,
Vermont)
Ohio Prediction
66 Delegates
Percent: Romney-26% Santorum-38% Gingrich-19% Paul-10%
Delegates: Romney-19 Santorum-27 Gingrich-13 Paul-7
Tennessee Prediction
58 Delegates
Percent: Romney-26% Santorum-40% Gingrich-12% Paul-16%
Delegates: Romney-16 Santorum-25 Gingrich-7 Paul-10
Vanderbilt University Tennessee
Primary Survey
Virginia Prediction
49 Delegates
Romney wins all 49 Virginia delegates.
Virginia has a proportional allocation with a twist. Should any
candidate take 50% in a district, the candidate will all votes in
the district. In a display of complete ineptitude, Santorum and
Gingrich failed to collect and turn in enough signatures on time
and are not on the ballot. Romney is currently polling about 53%
and Paul 23%, but Paul can only win delegates if he outright wins
a district.
Oklahoma Prediction
43 Delegates
Percent: Romney-23% Santorum-42% Gingrich-20% Paul-9%
Delegates: Romney-11 Santorum-18 Gingrich-9 Paul-5
Massachusetts Prediction
41 Delegates
Percent: Romney-64% Santorum-16% Gingrich-6% Paul-8%
Delegates: Romney-28 Santorum-8 Gingrich-2 Paul-3
Idaho Prediction
32 Delegates
Romney wins all 32 Idaho delegates
January
Straw Poll Results Romney-34% Santorum-10% Gingrich-12% Paul-43%
February Straw Poll
Results Romney-45.4% Paul-42.7%
A third straw
poll will be held March 1-3 and my answer may change based on the
results of that poll.
Ron Paul or
Mitt Romney will likely take all of the delegates based on the explanation
below. Whether or not Paul or Romney takes all the votes depends
entirely on whether or not Gingrich or Santorum can win any counties
which at this time looks doubtful.
Idaho
Caucus Explanation:
Voters will
go to locations for their county and use ballots or tokens to
support a candidate on Tuesday, March 6th. There are five candidates
for Idaho voters to choose from and they will keep voting until
a winner is selected.
In each
round the candidate with the fewest votes or anyone with less
than 15% is out of the race. The voting ends at the county level
when there is a final vote for two candidates or one has more
than 50% of the vote for that county.
The delegates
assigned for that county will then represent the winning candidate.
Counties will report their winner to the state office in Boise.
If one candidate has more than 50% of the vote for all of Idaho,
they get all 32 delegates. Otherwise, the candidates split delegates
they won in each county
I cannot find
any recent polls for North Dakota, Alaska, or Vermont. Romney should
do extremely well in Vermont and fair at best in North Dakota and
Alaska.
North Dakota
Prediction
28 Delegates
Percent: Romney-35% Santorum-40% Gingrich-10% Paul-10%
Delegates: Romney-10 Santorum-12 Gingrich-3 Paul-3
Alaska Prediction
27 Delegates
Percent: Romney-35% Santorum-40% Gingrich-10% Paul-10%
Delegates: Romney-10 Santorum-11 Gingrich-3 Paul-3
Vermont
Prediction
17 Delegates
Percent: Romney-64% Santorum-16% Gingrich-6% Paul-8%
Delegates: Romney-11 Santorum-4 Gingrich-1 Paul-1
How Ron
Paul Can Throw a Big Wrench Into Romney's Campaign
I purposely
bumped up Romney's percentages to see if a brokered convention would
still be possible. I also awarded Romney all 32 delegates in Idaho
even though that race is a statistical dead-heat with Ron Paul.
If Ron Paul
wins Idaho, and the rest of my numbers above are close, the odds
of a brokered convention are well above 50 percent in my estimation.
There may be a brokered convention anyway, provided Santorum, Paul,
and Gingrich stay in to the end.
Fuzzy Math
The New
York Times discusses The
G.O.P.s Fuzzy Delegate Math.
There are
2,286 delegates to the Republican National Convention, of which
1,144 are required to clinch a majority. The Web site TheGreenPapers.com,
which has extensive information on delegate-selection procedures
in each state, divides them into two broad categories, what it
calls hard and soft. Hard delegates are
formally bound to a candidate on at least the first ballot at
the convention, while soft delegates are not.
Although
this is a useful conceptual framework, it probably simplifies
things too much. Instead, Republican delegates exist along something
of a spectrum between bound and unbound, pledged and unpledged,
hard and soft.
Contributing
to the confusion is that there are a series of three interrelated
ideas about delegates which are often treated as interchangeable,
even though they are not:
- Bound
vs. Unbound Delegates. Is the delegate officially bound to a
particular candidate on at least the first ballot at the convention?
- Pledged
vs. Unpledged Delegates. Whether or not she is formally bound
to a candidate, will the delegates candidate preference
be known in advance of the convention and reported upon by the
news media?
- Elected
vs. Selected Delegates. Was the delegate selected through some
relatively direct means, such as based on the popular vote in
the states primary? Or through some indirect means, like
through the series of conventions that often take place in caucus
states, and which may not correspond to the popular vote there?
Category
of Delegates

Legal Challenges
on the Way
I did not take
any of the bound, unbound, super-delegate counts into consideration.
However, I was rather generous to Romney in other ways.
Moreover, there
are legal challenges pending in Arizona and Florida. Winner-Take-All
primaries are a violation of Republican National Committee rules
if held before April 1. As it stands, Romney 50 Florida delegates
and 29 Arizona delegates that could dramatically change the totals.
Should Romney
loses those challenges and also lose Idaho, a brokered convention
would be all but certain.
If Wishes
Were Fishes
If wishes (mine)
were fishes, then Ron Paul would win the nomination outright. A
more realistic wish is for a brokered convention because Romney,
Santorum, and Gingrich are all likely to lose to Obama.
I believe Paul
would defeat Obama although polls don't currently support that idea.
Republicans
Need to Face the Facts
Of the four
candidates, only Ron Paul balances the budget, only Ron Paul wants
to stop the war-mongering, only Ron Paul does not alienate the majority
of women, only Ron Paul can ignite a fire in independents, and independents
(not the radical right), are the key to this election.
Republicans
are not going to vote for Obama so appealing to the far right makes
little sense in terms of an overall strategy. Moreover, independents
are likely horrified by the war-mongering and misguided statements
on religious and social issues of all the candidates but Paul.
If Republicans
lose this election, it will be because they all outdid each other
in foolish attempts to appeal to the far right on issues where a
huge majority of the population of the US is in the middle.
Reprinted
with permission from Global
Economic Analysis.
February
28, 2011
Mike "Mish"
Shedlock is a registered investment advisor representative for
SitkaPacific Capital Management.
Sitka Pacific is an asset management firm whose goal is strong
performance and low volatility, regardless of market direction.
Copyright
© 2011 Global
Economic Analysis
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