2008 New Year Pundit Awards Winners - Politics

- Image by Stephen Downes via Flickr
Click here for the list of nominees.
Politics has proved to be a tough year on the pundits. Most expected a Democrat to take the White House but they thought the new President would be wearing a pantsuit rather than pants. USA Today called it right predicting President Obama but then immediately blotted their copy book by also predicting President Guiliani. The News & Observer called McCain as the Republican nominee but also called it for Romney and Guiliani. They didn’t manage to get much else right either.
The Economist also plumped for Clinton, predicted a crisis in Taiwan that failed to occur and also forecast that the US would avoid recession. To be fair, the Economist was in the mainstream when they predicted the US avoiding the recession and they did manage to divine that China would win the most Olympic gold medals. However, in all it was a distinctly below par year for them.
The winner of the category also predicted a Clinton win and a recession-free US. However, they did also point out that the Credit Crunch would continue moving into a second chapter, that Musharraf would lose power and that oil would break the $100 mark before dropping by the end of the year. That winner was the crack corp of pundits at the FT. An inscribed quaich is on its way to them now.
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