If you were demoralized by news of the recent election model that predicts a Romney victory, don't be. Turns out it's bullshit.

Touted as a model "with 100% success rate for the past thirty years", Nate Silver tells us that it is, in fact, a brand new model that has never been used before!

Nate also finds "glaring problems with their methodology".

Follow me after the jump for an exact transcript of Nate's tweets last night...