In the field of political forecasting, almost nothing is a matter of certainty, and almost everything is a matter of probability. If Democrats nominate Bernie Sanders — who currently leads the field in Iowa and New Hampshire, and appears to be consolidating support among the party’s progressive wing, while its moderates remain splintered — his prospects against Donald Trump in November would be far from hopeless. Polarization has given any major party nominee a high enough floor of support that the term “unelectable” has no real place in the discussion. What’s more, every candidate in the race brings a suite of their own liabilities Trump could exploit.
That said, the totality of the evidence suggests Sanders is an extremely, perhaps uniquely, risky nominee. His vulnerabilities are enormous and untested. No party nomination, with the possible exception of Barry Goldwater in 1964, has put forth a presidential nominee with the level of downside risk exposure as a Sanders-led ticket would bring. To nominate Sanders would be insane.
Sanders has gleefully discarded the party’s conventional wisdom that it has to pick and choose where to push public opinion leftward, adopting a comprehensive left-wing agenda, some of which is popular, and some of which is decidedly not. Positions in the latter category include replacing all private health insurance with a government plan, banning fracking, lettingprisoners vote, decriminalizing the border, giving free health care to undocumented immigrants, and eliminating ICE. (I am only listing Sanders positions that are intensely unpopular. I am not including positions, like national rent control and phasing out all nuclear energy, that I consider ill-advised but which probably won’t harm him much with voters.) | 
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