Now that Rick Santorum has quit the Republican primary, effectively leaving the nomination to Mitt Romney, this is a good moment to step back and look at where the general election stands.Most political professionals, including many Republicans, think that President Obama will win reëlection handily"”and this belief is reflected in the betting markets. At Ladbroke's, the British bookmaker, the odds on an Obama victory are four-to-nine, which means you have to bet ninety dollars to win forty. These odds imply that the chance of Obama winning is about sixty-nine per...
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