Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24
THE GLOBAL WARMING CLIMATE CHANGE MEGA-TREND IS THE INFLATION MEGA-TREND! - 3rd May 24
Banxe Reviews: Revolutionising Financial Transactions with Innovative Solutions - 3rd May 24
MRNA - The beginning of the end of cancer? - 3rd May 24
The Future of Gaming: What's Coming Next? - 3rd May 24
What is A Split Capital Investment Trust? - 3rd May 24
AI Tech Stocks Earnings Season Stock Market Correction Opportunities - 29th Apr 24
The Federal Reserve's $34.5 Trillion Problem - 29th Apr 24
Inflation Still Runs Hot, Gold and Silver Prices Stabilize - 29th Apr 24
GOLD, OIL and WHEAT STOCKS - 29th Apr 24
Is Bitcoin Still an Asymmetric Opportunity? - 29th Apr 24
AI Tech Stocks Earnings Season Opportunities - 28th Apr 24
S&P Stock Market Detailed Trend Forecast Into End 2024 - 25th Apr 24
US Presidential Election Year Equity Performance in the Presence of an Inverted Yield Curve- 25th Apr 24
Stock Market "Bullish Buzz" Reaches Highest Level in 53 Years - 25th Apr 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Here’s Why Trump Needs More Than the Popular Vote to Win This Election

ElectionOracle / US Presidential Election 2016 Sep 26, 2016 - 05:52 PM GMT

By: John_Mauldin

ElectionOracle

By David Galland, Garret/Galland Research : While driving around Burlington, Vermont, I noticed something. Actually, I noticed something missing. There were zero bumper stickers in support of Hillary.

I didn’t see a single lawn sign either.

It’s quite a contrast. In the last two elections, the displays for Obama were everywhere.


To be fair, there are no bumper stickers or signs for Trump either. But Vermont is the most liberal of states, so it’s understandable.

Now, I know Vermont is Bernie’s domain. And his subjugation by the Clinton Clan has been a big disappointment. But it seems to me there’s more to it than that.

I used to think Trump had no chance, but the level of apathy for Hillary in Vermont leads me to believe he has a chance after all. This is something the polls are starting to show.

On Election Day, the pro-Trump crowd is going to show up en force to pull the levers. But I don’t see that same level of enthusiasm from those resigned to vote for Mrs. Clinton. Their support stems from their fervent dislike of The Donald.

Tipping the scales for the popular vote even further toward Trump are Mrs. Clinton’s health issues—and her willingness to lie about them.

But, that doesn’t mean Trump will be the next US president.

Here’s why the popular vote doesn’t decide the president

I just came across an article by Jason Brennan. It explains how the Founding Fathers created the Electoral College because they didn’t trust “we the people.”

Based on the words of Founding Father Alexander Hamilton, Brennan is right.

“It was equally desirable that the immediate election should be made by men most capable of analyzing the qualities adapted to the station and acting under circumstances favorable to deliberation, and to a judicious combination of all the reasons and inducements which were proper to govern their choice. A small number of persons, selected by their fellow citizens from the general mass, will be most likely to possess the information and discernment requisite to so complicated an investigation.”

Alexander Hamilton, The Federalist, No. 68

 

The “small number of persons” Hamilton refers to is, of course, the Electoral College.

In fact, the US election process is set up so that when you pull the lever for president, you are actually voting for electors chosen by either the Democratic or Republican party.

For the most part, the electors are chosen from among influential state party officials.

 

And in 21 states, those electors have the legal right to vote for whomever they want. Popular vote be damned.

This is why in three US presidential elections (the latest being Bush/Gore in 2000), the candidate who won the popular vote was not made president. In two other elections, a tie led to the president being selected in the House of Representatives.

In other words, in 5 out of 43 US Presidential Elections, the victor arrived in office in some way other than winning the popular vote.

Electors may override the voters’ decision

Given the fact that the Democratic Party electors are set against Trump, and that they’re joined in their distaste for him by a sizable percentage of Republican officials, this election could be decided by electors.

Supporting that idea, Brennan doesn’t hide his view that if Trump does win the popular vote, the Electoral College should override that vote.

“[Trump’s] not the first candidate without policy experience or to use inflammatory rhetoric and lob classless insults at his opponents. Nevertheless, we should be glad the Electoral College is in place. Given how much power the U.S. president has, it’s comforting to know that if voters make a truly horrific choice come November, our elected representatives have the power to rescue us from their mistakes.”

 

As the Electoral College is likely to become a topic of conversation over the next few months, you might want to read up on it. Here are some useful resources:

How members of the Electoral College are selected

FAQs on the Electoral College

Subscribe to The Passing Parade

A rousing weekly romp on economics and markets with a dose of politics and other follies, The Passing Parade is published every Friday by Garret/Galland Research. Click here to get your free copy sent straight to your inbox.

 

John Mauldin Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in