The U.S. Presidential Election is NOT Over. Here’s Where Things Stand Right Now…
- The U.S. Presidential Election is NOT Over. Here’s Where Things Stand Right Now…
by Graham Summers, https://gainspainscapital.com/
Disclaimer: none of the following is meant to be political analysis. I am not endorsing nor disparaging any candidate. I’m simply outlining the facts pertaining to the U.S. Presidential election.
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I want to warn you that the next few months in the U.S. will be extremely ugly. The country was already deeply divided before this election. And unfortunately, it’s only going to get worse. The fact is that Joe Biden HASN’T actually won this election yet. That is not a typo. The media has done the U.S. a great disservice by claiming that Biden is the winner this early in the game. Everyone needs to take a step back and understand how the actual election process occurs based on federal law, not media reporting.
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1) The election occurs in early November.
2) Votes are tallied while officials from both parties (Democrat and GOP) are present.
3) Provided officials from both parties are present during the vote tallies and there are:- No credible accusations of fraud.
- No software glitches.
Then the vote tallies are ratified.
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4) If the vote margin between winner and loser is 0.5% or smaller, an automatic recount is required.
5) If the margin between the winner and loser is larger than 0.5%, but either candidate (or a 3rd candidate for that matter) wants to dispute the results, he or she can pay to have a recount performed. The cost if roughly $3 million per state.
6) Once the recount is completed, or if a recount is not necessary, the individual states formally declare the winner on December 14th when they officially cast their electoral college votes for him or her.
7) Then, in early January of the next year, the new congress meets to count the electoral college votes and formally declare the winner.
8) The new President is sworn into office on January 20th.
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This is how Presidential elections work in the U.S. under normal circumstances. The media cannot decide who wins. The media can simply project who they think will win based on vote totals at a given time. And unless the loser formally concedes prior to December 14th, the election remains in play.
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