The point is - 538’s input is a bunch of polls, their output is a prediction. Whether they do the polls or aggregate them is not relevant - they’re analysts whose job is to provide accurate estimates.
You can’t shift the blame on inaccurate underlying polls - Nate has time and again said, they look at many aspects in their estimates. Not just polls.
The polls did tighten at the end, but you can't just look at a snapshot (even near the end) to account for the trend. In all of these states the polls narrowed in some, but the final results were within MoE:
FL: https://www.realclearpolitics.com/epolls/2020/president/fl/f...
PA: https://www.realclearpolitics.com/epolls/2020/president/pa/p...
NV: https://www.realclearpolitics.com/epolls/2020/president/nv/n...
AZ: https://www.realclearpolitics.com/epolls/2020/president/az/a...
GA: https://www.realclearpolitics.com/epolls/2020/president/ga/g...
NC: https://www.realclearpolitics.com/epolls/2020/president/nc/n...
In Iowa the Des Moines Register poll had Trump at +7, which is within MoE, the rest were garbage: https://www.realclearpolitics.com/epolls/2020/president/ia/i...
In Ohio, none of polls were within MoE, so all of the polls there were garbage: https://www.realclearpolitics.com/epolls/2020/president/oh/o...
For the Senate I think North Carolina was wrong everywhere I looked, but 75/25 for Democratic control at 538 was the most wrong I think: https://fivethirtyeight.com/features/final-2020-senate-forec... https://www.realclearpolitics.com/epolls/2020/senate/2020_el... https://www.270towin.com/2020-senate-election/consensus-2020...
You can go state by state[1] to see which polls were more/less accurate within MoE compared to the final result and the trends in each state. 538 had a better chance of Biden winning by 400+! EVs [2], than the 306 he's likely to win with. It's this distribution that could have been better at accounting for severe polling errors in some states.
538 did do CYA posts[3], but here while bringing forward the error from 2016 in Ohio seems right, it still projects a win of 335+ EVs. Optimistic for Biden is the kind way of saying what the final 538 projection were, severely more wrong than individual polls is more accurate. If their distribution in [2] was better, I would be more willing to give them a pass.
[1] click on the state: https://www.realclearpolitics.com/epolls/2020/president/2020...
[2] "Every outcome in our simulations" https://projects.fivethirtyeight.com/2020-election-forecast/
[3] "What if polls are as wrong as 2016? Biden still wins" https://fivethirtyeight.com/features/trump-can-still-win-but... https://fivethirtyeight.com/features/im-here-to-remind-you-t...