• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026
Commentary

The parallels between 1948’s ‘Dewey defeats Truman’ election and today

By
W. Joseph Campbell
W. Joseph Campbell
Down Arrow Button Icon
By
W. Joseph Campbell
W. Joseph Campbell
Down Arrow Button Icon
November 2, 2020, 7:00 PM ET
11.04.20.Dewey-beats-Truman.GettyImages-50691683
Victorious presidential candidate Harry Truman displays the erroneous Chicago Daily Tribune headline, "Dewey defeats Truman," in 1948. There are strong parallels between that election and the 2020 contest between Trump and Biden, writes W. Joseph Campbell.W. Eugene Smith—The LIFE Picture Collection via Getty Images

The famous “Dewey defeats Truman” presidential election was 72 years ago and reminders of what was an epic polling failure echo to this day. For pollsters, pundits, and the press, Democrat Harry Truman’s surprise victory over Republican Thomas E. Dewey in 1948 is, or ought to be, an enduring reminder about the perils of extreme overconfidence.

The 1948 election also may offer a lens by which to understand the outcome of the Trump-Biden race. Here’s how:

If Joe Biden blows what has been a solid lead in pre-election polls, his loss may be attributable to having pursued something akin to Dewey’s glide-path campaign that avoided controversy while trying to nurse a clear lead in the polls.

But if this year’s pre-election polling is accurate and Trump is repudiated, his defeat may be attributed to a failure to adapt Truman’s blueprint for winning in spectacular, against-the-odds fashion.

This is not to say election history will repeat itself. It almost never does. The parallels between 1948 and 2020 are not exact, but they are redolent enough to be intriguing and worth examining.

Dewey, who was New York governor in 1948, seemed bound for an easy victory. Truman’s Democratic Party had splintered into three factions and pre-election polls signaled Dewey was comfortably ahead. He seemed so far ahead in early September 1948 that Elmo Roper, one of the three national pollsters at the time, announced that he would release no further survey results unless a political miracle intervened.

Dewey was determined to avoid risk-taking. He spoke soothingly while trading in platitudes. “America’s future … is still ahead of us,” he said on one occasion.

According to his biographer, Richard Norton Smith, Dewey said to a supporter who suggested he inject specifics into speeches: “… always remember, when you’re leading, don’t talk.” He sought to strike a dignified aura but came across as distant and lackluster, not unlike Biden in 2020.

Dewey did not seclude himself as Biden has often done. He campaigned confidently, if rather leisurely, abroad a private train called the “Dewey Victory Special.” Laundry service and other amenities were offered to the dozens of reporters who traveled aboard. Few “inconveniences trouble the life of anyone on the governor’s train,” journalist Richard Rovere wrote in a campaign dispatch for the New Yorker.

His smooth, above-the-fray approach probably cost Dewey the presidency. If a similar fate awaits Biden, his low-visibility, socially distanced bunker strategy may well be regarded as a decisive factor.

Might Biden really be the Dewey of 2020? Nearly all the national polls say no. But as the 1948 election memorably affirmed, polls are not always prophetic. And Biden’s aggregate polling lead in battleground states is slimmer than his advantage nationally. A Biden loss surely will conjure Dewey’s ghost.

Trump’s campaign, meanwhile, has at times resembled Truman’s aggressive tactics of 1948. According to his biographer, David McCullough, Truman “had just one strategy—attack, attack, attack, carry the fight to the enemy’s camp.”

Even after a bout with COVID-19, Trump has stumped with energy and stamina, much as Truman did. The President’s campaign rallies and roadshows have attracted large, enthusiastic crowds, as Truman’s did in his grueling, cross-country campaign swings by train. Trump has been harsh and persistent in his attacks on his foe, as Truman often was. (Unlike Trump, who routinely questions Biden’s mental acuity and disparages him as “Sleepy Joe,” Truman rarely mentioned Dewey by name. He did, however, liken Republicans to fascists late in the campaign.)

Trump on the campaign trail has scarcely encouraged an impression of discipline and order. Unlike Truman, he has had difficulty remaining on message, and invariably has indulged in meandering narcissism. He has drifted from attacks on Biden to gloating about his surprise election four years ago. Such self-congratulatory detours have been distracting and have blurred his case against an opponent who is vulnerable and mostly sequestered.

A campaign focus à la Truman is what Trump has needed to overcome a persistent polling deficit. But Trump this year has been no Harry Truman. Should he lose, indiscipline will loom among the reasons why.

W. Joseph Campbell is a former journalist and a professor of communication at American University in Washington. He is the author of seven books including, most recently, Lost in a Gallup: Polling Failure in Presidential Elections. Follow him on Twitter.

About the Author
By W. Joseph Campbell
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

gordon
CommentaryVenture Capital
Gordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing
By Gordon RitterJune 11, 2026
4 hours ago
bessent
CommentarySocial Security
Social Security and Medicare are heading toward insolvency. Congress has 6 years to act
By Steve H. Hanke and David M. WalkerJune 11, 2026
6 hours ago
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
Commentarydata sovereignty
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
By Leonard LimJune 10, 2026
19 hours ago
tim
CommentaryAirline industry
Merlin CTO: autonomy can rebuild the foundation of aviation — and national security
By Tim BurnsJune 9, 2026
2 days ago
dewar
CommentaryLeadership
I founded McKinsey’s CEO practice: Here’s why operational excellence is a liability right now
By Carolyn DewarJune 9, 2026
2 days ago
250
Commentary250 Years of Innovation
America turns 250. Its greatest innovation was never a product — it was a system that let anyone build one
By Keith KrachJune 7, 2026
4 days ago

Most Popular

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
22 hours ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
3 days ago
Current price of oil as of June 10, 2026
Personal Finance
Current price of oil as of June 10, 2026
By Joseph HostetlerJune 10, 2026
1 day ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
3 days ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
2 days ago
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
North America
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
By Marco Quiroz-GutierrezJune 10, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.