Abstract
The Keys to the White House are an index-based prediction system that retrospectively account for the popular-vote winners of every US presidential election from 1860 to 1980 and prospectively forecast the winners of every presidential election from 1984 through 2008. The Keys demonstrate that American presidential elections do not turn on events of the campaign, but rather on the performance of the party controlling the White House. The Keys hold important lessons for politics in the United States and worldwide. A preliminary forecast based on the Keys indicates that President Obama is a likely winner in 2012, but also reveals the specific problems at home at abroad that could thwart his re-election.
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