Prediction Market Bets On Biden For VP

***CHECK BACK HERE FOR UPDATES ON HOW THE VP CANDIDATES ARE DOING IN THE INTRADE MARKET***

UPDATE: As of 8:33pm, Biden has regained a large lead among traders. His stock has shot up to 89.8, and Evan Bayh has now fallen 4.0, after dramatically rising on reports that a manufacturer of political literature was creating Obama-Bayh bumper stickers. The market is squarely behind Biden.

With Barack Obama's choice for a running mate imminent, the popular consensus -- both in the chattering and betting man's class -- has swung drastically towards Sen. Joseph Biden.

As of 9:00 a.m. Friday morning, Intrade, a political trading market, was selling the Democrat from Delaware at 55.0 a share, meaning that a majority of betters believe that he will end up as the vice president. The Senator has shot up on the market in recent days closing more than 13 points higher than his last price. A few days ago, however, he was selling at 49 a share. Check back as the numbers update throughout the day.

As for the other Democrats in the running for Obama's VP slot, the website has Sen. Even Bayh at a scant 12.5 per share (down significantly from his last price) and Governor Tim Kaine at 13.0 a share. General Wesley Clark, loved by the netroots but a longshot for the spot, is prices at 10.1

Intrade has its adherents and its detractors among political observers. The site correctly predicted every Senate race in 2006, but was incorrect when it came to anticipating a Democratic majority. But its prognostic capacity is based on conventional wisdom, making it often reactionary to the public mood. As noted by The Politico's Ben Smith, during the Democratic primary, Intrade had Barack Obama beating Hillary Clinton only after he had won the Iowa primary.

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Read Joe Biden's blogs on the Huffington Post.

Comments

[williamg]

Mc.Cain campaign releases talking points for the day:

Milk prices are too high?:
"This is a guy who didn’t have the luxury of milk for five and a half years -- in prison."


We're not doing enough to find alternative sources of energy?:
"This is a guy who lived in the dark for five and a half years -- in prison, with no light bulbs."


Healthcare is too expensive?:
Jo.hnn Mc.Cain had little to no healthcare for five and a half years."


The inner cities are suffering?:
Jo.hnn Mc.Cain knows a thing or two about suffering.­"


We aren’t well prepared for natural disasters?:
"Let me tell you a thing or two about disaster, my friends."


War on terror?:
"I’ve been in a war. I know how to win wars."


War on drugs?:
"I’ve been in a war. I know how to win wars."


Prisons are overcrowded?:
"My friends, let me give you some straight talk about prisons. I know what it is to be in prison."


Economy is in a recession?:
"If there’s one thing I learned as a prisoner of war, it’s that there is always hope. We can’t give up hope."

[TheEmptinessOfTruthiness]

Relying on his POUU status too much?:

"Hey, this is a guy who spent 5 years in prison for Gawd's sake. Show some respect."

[AdLib]

As the revised Joe Biden quote is being said applied to McCaln:

"A noun, a verb and POW."

[ThinkLiberal]

LOL! Nice McPOW talking points! Thanks!

[FaceYourFears]

LOL......S­ense of humor is remarkable!

[Brainz22]

noun,verb,POW

[donaldw6]

YAAAAAHHH!

[WhatWouldJesusBomb]

Text message to go out at 3:00am... Clinton

[AdLib]

Who do you want answering that text message at 3 am? 0bama? Or someone who doesn't know what home they're in when they wake up.

[nellie]

She said she would be the one to answer that 3 am phone call.

[anastasiabeaverhousen]

I think it should go out at 1:20 and 9 seconds AM so it can be marked 01/20/09. The end of an error.

[TiffanyHusseinBanned]

Does Willard have ANY foreign policy experience? Gee The Maverick goes after O for only have a little foreign policy experience, but Willard doesn't have any, does he?

Is Willard ready to be commander in chief? Didn't The Maverick accuse him of wanting to surrender in Eyerack?

[nonconformist2]

But But Mittens has Magic Underwear!

[anastasiabeaverhousen]

Which will NEVER have POTUS or VPOTUS embroidered on them!!!

[TheEmptinessOfTruthiness]

He's learning as he goes. lol

He's just a real s l o w lerner.

[Jrtrollspaceman]

the top rated cable news show says it is biden

[dentuso]

Weird... Fox is top-rated for the news hour, but it doesn't air any news shows. CNN and MSNBC are the only ones with news shows, and they're tied in ratings for this hour.

[clsmithj]

Countdown says Biden is a decoy, and if you look back at 2004, everyone thought Kerry's VP was Dick Gephart.

[clsmithj]

damn huffo's censorship.

Countdown says Joe Biden is a decoy, and if you look back at the 2004 election everyone thought Kerry's VP was going to be D*** Gephardt.

[anastasiabeaverhousen]

I was just thinking the damn censor had crashed - I haven't had anything blocked or lost in quite a while.....­..

[nonconformist2]

The "202 million dollar man".

Olbermann just announced McMoneyBag's net worth.

[nellie]

But he's not elitist. Nooooooooo.

[humuhumunukunukuapuaa]

He truly is a man of the people! LOL!

[realityrules]

He's never collected a paycheck that wasn't drawn on taxpayer money. How did he end up with 202 million dollars?

[nellie]

Mmmm Beer.

[borderorder]

Professional gigolo.

[nonconformist2]

He married it.

[dentuso]

$202 million? Holy c!@p! He could buy like, 500 pairs of shoes with that kind of money!

[Diogenis]

Shucks, he could get an extreme make-over and a good set of teeth even!

[AdLib]

That's Romney, not McCaln.

[Arouet]

Joe Biden is the best qualified person among all the candidates to be President.

But it will be a monumental mistake for our Brash Prince of Hot Air to pick anyone but Hillary for VP.

Does he not realize it will come across as a churlish dissing of someone he barely nosed out? Does he not realize all the Hillary people will be seriously hacked off, and close their wallets?

For the sake of America's future, let's hope he is macho enough to treat with Hill and Bill...or the country will be turned over to the Mad Midget McSame and his Homewrecker Heiress of the Many Houses.

[donaldw6]

Well, you folks certainly have a way of endearing yourselves to us. How could we ever turn down a candidate who has so many charming supporters?

[ThinkLiberal]

Indeed. Indeed.

[TheEmptinessOfTruthiness]

No.

Picking Hilly now would be a sign of weakness.

Hilly's rabid supporters closed the door for her with their kookiness.

Too bad for Hill ary.

Besides, he should pick the best qualified person. Period.

[ThinkLiberal]

Wow. You got the GOP name-calling talking-points memo today, I see. Take a cold shower and try again.

[nonconformist2]

1. O,bama raised a record 51 million dollars in July. He doesn't need the C.linton donors.

2. O,bama is showing how "macho" he is by refusing to allow the C.lintons to bully him or dictate his future. He defeated the C.linton machine and a woman whom everyone thought was a sure thing. A phenomenal feat in and of itself.

O,bama earned the right to pick someone he trusts who he knows will have his back. Can you honestly say that H,illary or B,ill has his back?

Finally, how can you DEMAND respect for H,illary C.linton and at the same time show your extreme disrespect for O,bama by referring to him as "our Brash Prince of Hot Air"?

Can you spell: H-Y-P-O-C-R-I-S-Y?

[kay]

Why don't they ever blame Bill Clinton? He ran her campaign into the ground. After she lost, he peevishly and childishly set out to punish the winner. He can't shut up.

Why can't she stand up to her husband, and why would "feminists" blame Barack Obama for what Bill Clinton did?

[macbabe]

PLEASE get OVER IT, she's NOT it!!

[EarthToZoey]

Awesome. Olbermann's going through McCain's list of homes. And the fact that McCain took an 8 car motorcade to Starbucks to get himself a latte today. Priceless.

[TheEmptinessOfTruthiness]

I wouldn't be surprised if he took a division, snipers and helicopters.

[borderorder]

And tactical body armor.

[realityrules]

An 8 car motorcade to Starbucks. Good thing it wasn't a $400 haircut.

[nonconformist2]

"I know how to win wars......­.....again­st low foam lattes!"

Sincerely,

Mc-Did-I-M­ention-I-W­as-A-POW

[humuhumunukunukuapuaa]

Jennifer Lopez thinks McClueless is a prima-donna!

[nellie]

Talk about the pot calling the pot a pot.

[WhatWouldJesusBomb]

I guess we will have to wait till Monday. No way he dumps the news at 8:30 EST on a Friday.

[chavo]

Nah, Obama and his running mate are supposed to have a join appearance tomorrow at noon in Chicago. I guess they could always change it, but we'll find out sometime soon.

[naschkatze]

He's got to do it tomorrow. Isn't he kicking off the convention with a joint appearance with his running mate in Springfield, IL?

[PensiveObserver]

Hillary Clinton? Hum... Which base would it solidify more? The Democratic base or the Republican base?

[kentj]

Announce already...­..........­........pl­ease!

Thank you.

[FaceYourFears]

I love Sen O, he has total command of the MSM.

[nellie]

Fun, isn't it?

[FaceYourFears]

YESSSSSSS

[bella]

I hate to say this but I have to. I think Obama is acting just a tiny bit arrogant (kinda like someone else we know). My God, man, just name your VP already! Why all the drama? This reminds me of high school, for Pete sake. If this is the kind of theater we can expect when he is in the WH, we are in serious trouble. Grow up BO!

[WLA]

Do you know how much absolutely free air time he got today?

[williamg]

Get over it. He is racking up all types of data from people who sign up. It aint gonna happen today - the evening news has already played. Relax, and wait until tomorrow.

[borderorder]

What's your hurry? Let it breath first.

[EarthToZoey]

See above!

:)

[nonconformist2]

It's the press that are acting like children. O has kept his mouth shut. Apparently, to you, keeping your mouth shut until you are ready to announce is considered arrogant. What else does he do that you consider arrogant? Breath?

[EarthToZoey]

"Breathe"

(sorry! i had to!)

[FaceYourFears]

What's the hurry and what difference does it make when he announces his pick! Take a chill pill!

[chavo]

He's going to stick it to Hillary and send out the text message at 3 AM.

[TiffanyHusseinBanned]

That would be awesome.

[ScandalousCandice]

That is exactly what I was going to type.

[WhatWouldJesusBomb]

+1

[bitterspinster]

This made me lol irl.

[RedSt8r]

No one has stuck it to Hillary in decades.

[ScandalousCandice]

Not unless you count B-Rock taking the ordained Presidential crown away from her. But of course you meant sexually.

[chavo]

Good point.

[nellie]

Good one.

[nonconformist2]

Will she be in full pant suit and make-up like in the commercial? 8 - )

[EarthToZoey]

Yesssssh! No Kaine, No Bayh. THAT is good news. Let's hope it's true. HA

[ThinkLiberal]

As long as Evan (DINO, wimp, rethug-lite) Bay-uh is not in the running, I'm a happy camper. I'll be happier still if it were either Clark or Biden at this point (but Clark would be a scream).

And still, it's like a funeral at the McPOW camp.