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						| Election Update |  
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						| August 5, 2020 |  
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                                              | Thank you for your interest in our NAM-PAC election updates.  With the 2020 general election only 90 days away, the final turn of the  horserace is coming into sight. We will come to you weekly for the next 13  weeks to give you the information you need to know ahead of Election Day. This  first weekly update will cover the key metrics that we will cover in subsequent  issues to offer a snapshot of where the race for the White House, Senate and  House of Representatives is heading.  |  
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                                              | Presidential State of Play |  
                                              | If things had gone as planned this year, we would already  have seen former Vice President Joe Biden accept the Democratic nomination in  Milwaukee with his new running mate last month and be looking toward the  Republican National Convention in Charlotte later this month, where President  Trump would once again be accepting his party’s banner for president. But the  COVID-19 pandemic has turned the campaign season on its ear since March, along  with almost every other facet of American life. This has greatly influenced the  polling done so far and where the race stands today.  In this section moving forward, we will look at the  RealClearPolitics average of national polls to assess the state of the race. The  RCP average is a rolling average of recent national polls from a variety of  pollsters. They are considered one of the higher standards for detailed  aggregation of political polling. Also, in this section, we will compare current  polling numbers to where they were at this point in 2016, to give some context  from the last time President Trump was on the ballot. Each week, we will look  at the changes on a week-to-week basis and discuss the events that might be  causing those changes.  Our first set of numbers shows Biden with a steady lead at  the national level, trending at an eight-point advantage. At this point in  2016, following the RNC convention in Cleveland, President Trump took the lead  in the national polling average against Secretary Hillary Clinton. As a  reminder, the final RCP average in 2016 was Clinton +3.2 and the final results  nationally were Clinton +2.1. While many assume the polls were “wrong” in 2016 (some  state polling indeed had large errors), the national polling did a very good  job of predicting the final nationwide popular vote result. However, as we all  know and has happened in previous presidential races, a candidate doesn’t need  to win the popular vote to win the Electoral College. In 2016, despite losing  by 2.8 million votes nationally, President Trump won a decisive Electoral  College victory.  Current RCP Average: Biden +8.3 (7/17-7/30) Last Week RCP Average: Biden +9.1 (7/6-7/25) 2016 RCP Average on This Day: Trump +1.2 (7/29/2016) |  
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                                              | Battle for Congress |  
                                              | In this section, we will look at where the “Generic Ballot” stands and  how that metric has predicted the results in the House of Representatives in  the past. The Generic Ballot is determined by asking a simple question in  polling: “If the elections for U.S. Congress were held today, would you vote  for the Republican Party’s candidate or the Democratic Party’s candidate for  Congress in your district?” The goal of this question is to get a national  sense of where House races stand, without factoring in the effects of  incumbency or individual candidates’ popularity. Historically, Generic Ballot polling  has been a reliable predictor of the political parties’ fortunes at the ballot  box.   This year, the Generic Ballot has shown a steady lead for a generic  Democratic candidate over a generic Republican candidate of between eight and  nine points. This is slightly larger than the 2018 final Generic Ballot lead of  7.3 points, which was very close to the actual margin—8.6 points—by which  Democrats prevailed in all the votes cast in House races. That election resulted  in a net gain for Democrats of 41 seats. In 2016, the final Generic Ballot  showed a slight 0.6-point lead for Democrats, but the final result was actually  a 1.1-point House popular vote win for Republicans, even though Democrats  gained a net of six seats.  With the Generic Ballot showing an 8.6-point lead for  Democrats, the exact same margin as the 2018 final results, does that mean  Democrats are favored to pick up another 41 seats? No. In looking at the  current electoral map, we believe it is more likely to mean that Democrats are  close to a high-water mark in their majority and would need a similar final  margin to hold their current number of House seats. But it does tell us that,  at this moment, Democrats are likely to maintain a majority in the House with  either party having a similar chance of a small net seat gain when the final  votes are tallied.  Current RCP Generic Ballot Average: Democrats +8.2 Last Week RCP Generic Ballot Average: Democrats +8.6 2018 Final Results: RCP Average: Democrats +7.3. Actual:  Democrats +8.6  2016 Final Results: RCP Average: Democrats +0.6.  Actual: Republicans +1.1
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                                              | NAM-PAC State in Focus |  
                                              | In the weeks ahead, we will utilize this space to provide an  in-depth look at some of the marquee congressional races in key battleground  states that feature NAM-PAC champions. But first, in this inaugural election  update, we wanted to provide exciting news about the NAM-PAC. As the NAM-PAC  has grown, so has its ability to invest in our champions on Capitol Hill. In  fact, in 2020, the NAM-PAC will be providing more financial support to the  campaigns of pro-manufacturing candidates than in the past six years combined. We  look forward to providing insight into these races and also letting you know  how you can get involved to do more if you desire. One thing you can do right now is make a contribution to the NAM-PAC. One  hundred percent of the money you contribute goes directly to candidates for the  House and Senate with a proven track record of working to help manufacturers  succeed. We hope you will consider giving today, and remember, no amount is too  small to help ensure our voice is heard loudly and clearly in Congress. Thank  you for your support, and for any further information or questions, please  email NAM-PAC Director Bryan Spadaro at [email protected].  |  
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                                              | Contributions to the NAM-PAC are not deductible as charitable contributions for federal income tax purposes. NAM-PAC can only accept personal contributions. Maximum annual individual contribution is $5,000. All contributions are voluntary, and you have the right to refuse to contribute without reprisal. Federal law prohibits NAM-PAC from accepting contributions from foreign nationals. Contributions will be used for political purposes. Federal law requires NAM-PAC to use its best efforts to collect and report the name, mailing address, occupation and name of the employer of individuals whose contributions exceed $200 in a calendar year. |  |  |  |  |  
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