The pundits had it wrong. So did many journalists.

WSJ gets lost in the weeds with the Romney campaign

Ryan Chittum of the Columbia Journalism Review suggests the Wall Street Journal has it wrong about why Mitt Romney lost the election. That is because they paid too much attention to the political pundits. He contends, and I agree, that enough people understand that the economy cratered because of the policies that came before the crash. Voters intuitively understand that the recovery is going to take longer than the pundits want us to believe and, indicators are that the economy is on a slow road to recovery.

Also...Pundits are invested in their opinions. They're getting paid to have opinions. The opinions don't need to be true or based in fact.