To​: Kevin Sheekey and Howard Wolfson  From: Mitch Stewart and Dan Kanninen  Date​: February 17, 2020  Subject​: State of the Race     Key takeaways  ● As the race stands today, Sanders is poised to leave Super Tuesday with an over-400  delegate lead versus his next closest competitor (MRB) - a likely insurmountable  advantage  ● MRB is the clear #2 in the race based on vote share  ● Biden and Warren have crumbled: their support has markedly declined since Iowa and  they show no signs of revival  ● Buttigieg has stagnated: he saw a small boost after Iowa but has been unable to sustain  a level of support that makes him delegate-viable on Super Tuesday   ● If Biden, Buttigieg, and Klobuchar remain in the race despite having no path to  appreciably collecting delegates on Super Tuesday (and beyond), they will propel  Sanders to a seemingly insurmountable delegate lead by siphoning votes away from  MRB    State of the Race: Super Tuesday  Since the contests in Iowa and New Hampshire, the state of the race has dramatically shifted  and Sanders has opened up a large lead over the rest of the field across Super Tuesday states.  Because many Super Tuesday states also have large early voting populations (including  California and Texas), Sanders has ​already started​ banking his lead. In fact, if Super Tuesday  contests happened today, Sanders would open up a >400 delegate lead (see table below) over  the next-best candidate (MRB).    Post Iowa  Post New  Hampshire  Bloomberg  15%  18%  3%  316  Sanders  27%  32%  5%  720  Biden  23%  17%  -6%  211  Warren  14%  12%  -2%  40  Steyer  1%  2%  1%  0  Klobuchar  5%  10%  5%  40  Buttigieg  10%  11%  1%  11      Super Tuesday*  Change in  Estimated  Support  Delegates  ​*Undecideds are allocated systematically across candidates to help simulate delegate allocation  If Sanders moves past Super Tuesday with the 404 delegate lead we currently project he will  have, it will be all but impossible to stop him from getting to a plurality (or even majority) of  pledged delegates. Even a ~150 delegate lead would require the next-closest competitor to  outperform him by an average of roughly 55-45 in all remaining contests to catch up.    Other candidate trajectories  The snapshots above are based on slightly-outdated modeling by the data team. For a more  updated view of the horse race, see below for candidate-by-candidate performance. This graph  shows that Biden has collapsed even more than our model output above shows - he’s hovering  around 12-13%, making him delegate-unviable in many contests. By the time he gets to Super  Tuesday, he’s likely to be even weaker. However, his continued presence in the race - along  with that of Buttigieg and Klobuchar - will siphon votes away from the best performing  Sanders-alternative (MRB) and increase the likelihood of a Sanders blowout.        2016 as a guidepost  The race after Super Tuesday will be close, so any serious delegate advantage accumulated on  March 3rd is likely to be maintained. History validates this perspective: in 2016, Clinton netted  163​ more delegates than Sanders on Super Tuesday and he never caught up.    Conclusion  The bottom line is that if Biden, Buttigieg, and Klobuchar remain in the race despite having no  path to appreciably collecting delegates on Super Tuesday (and beyond), they will propel  Sanders to a seemingly insurmountable delegate lead by siphoning votes away from MRB with  no upside for themselves.    Taking a step back: this is now a 3-candidate race between MRB, Sanders, and Trump. Both  Sanders and Trump know that MRB poses the greatest threat to their chances of winning this  election. As we ascend and begin (hopefully) consolidating support, there will be blowback  from both Sanders and Trump - both the candidates themselves, but also their supporters, who  share some attributes. We expect them to escalate their attacks on MRB, our campaign staff,  and our supporters.