How Will a Disputed Election Impact the Economy and the Financial Markets?
Organizer: Reform Elections Now
The 2020 election could result in a stalemate, or worse. Donald Trump should lead on election night, but as mail-in votes are counted, Joe Biden could gain a lead. These mail-in votes could take weeks or months to count. Election results could be challenged. Republican legislatures in swing states could approve slates of Trump electors, while Democratic governors in the same states approve slates of Biden electors, leaving both sides with less than 270 electoral votes.
Loopholes in the 12th, 17th and 20th amendments could lead to an impasse in Congress. Nancy Pelosi, as third in line, could claim the presidency. The Senate could approve Mike Pence as vice president, who then would claim the presidency. Protests and chaos could erupt. With disorder, Trump could invoke the Emergency Powers Act and indicate he would remain as president until the emergency has ended. With counting continuing, Biden could claim he has won the election and should be president. Meanwhile, a bipartisan group in Congress could try to resolve the impasse by invoking the 20th amendment and appointing George W. Bush and Al Gore as interim president and vice president.
If this stalemated scenario plays out, how should investors and businesspeople react? This webinar will attempt to answer that question and more.