Here is a summary of the top 5 moderate/conservative headlines making news today.
1. U.S. cities boarded up in preparation of election day
The anxiety in the United States on the eve of election day is palpable. Most Americans will be glued to their televisions Tuesday night as the votes begin to come in. For many, it will be a quiet night at home watching American democracy take place. However, many business and property owners in major U.S. cities are anticipating a night (or a week) of chaos.
Across America, major cities are preparing for civil conflict and riots that could take place for days, weeks or months depending on the election results. In Boston, New York, San Francisco, Philadelphia, Los Angeles, Chicago and Washington, D.C plywood covers windows and doors of many businesses and government offices.
After a summer of riots and conflict that resulted in billions of dollars in damages to businesses large and small, property owners aren’t taking any chances with the pending election.
While these precautions have not been officially recommended by government guidelines, police departments have suggested that businesses take any precautions that they see fit.
2. If Biden wins look for U.S. financial markets to crash
Should Joe Biden be victorious in his race for the White House, Fox Business Network is warning that there would be a massive sell-off on Wall Street which could be catastrophic for the stock market.
Fox’s Maria Bartiromo stated that Biden’s plans to raise capital gains taxes (taxes implemented on investment income) would cause a market panic and lead to a massive sell off before he would take office in January.
“That means right after the election, if Joe Biden were to win, I would expect a sizable sell-off in the stock market just because people, if they have made money, if they have gains on paper, they are going to say, ‘Well, let me sell those gains now and capture my gains and get a 23 percent capital gains tax as opposed to a 44 percent tax,’ which is going to happen next year should those tax reversals go in place,” Bartiromo told “America’s Newsroom” on Monday.
Biden has long asserted that his capital gains plan would only harm wealthy individuals and that the middle class would be unscathed. Donald Trump however has made the issue of a strong stock market a central plank of his campaign.
3. If Trump sweeps the swing states that will be reporting on election night, his chances for victory skyrocket
Many states will not be able to announce which presidential candidate is victorious on election night as the result of the influx of mail in ballots that will need to be counted. However, there are several swing states that will likely be able to make a call on election night. Florida, Texas, Arizona and (maybe) North Carolina might be able to name a winner.
According to most pundits, they are all considered swing states where both candidates have an equal shot of winning.
However, should Donald Trump be named the winner of all of those states, his chances of re-election would skyrocket. Pollster Nate Silver’s model, FiveThirtyEight, projects that a clean Trump sweep in those states would give him equal odds of winning the presidency compared to Biden. The model currently shows Trump holding a roughly ten percent chance of winning the White House.
The point is, if the swing states that are called on election night go to Trump it could be a photo finish in other swing states.
a. Explore The Ways Trump Or Biden Could Win The Election – FiveThirtyEight
4. On election eve, Republicans show confidence of keeping their Senate majority
Democratic challengers for U.S. Senate seats believe that they will win enough seats this election cycle that they can finally take back the majority. However, Senate Republicans are calm and very confident that they will continue to control the chamber when the new Senate is sworn in next year.
On Monday, Senator Todd Young (Ind – R) the chairman of the Republican’s Senate campaign operation conveyed clear confidence that they will ultimately hold more seats than their Democratic opponents after the races are all called.
“Our candidates have gone out there, they’ve made their own cases that the Republican Party remains the party to return America to the heights of prosperity that we were enjoying right before the pandemic hit. That will continue to be the message that we carry through Election Day,” Young said.
Currently, most models show that Democrats are marginal favorites to take back the Senate from the Republicans. However, they would need to win over several states in traditionally conservative areas to do so. It is unlikely that viewers will know which party will take the majority on election night.
5. Be prepared to play the waiting game if there is no knockout punch on election night
Unless candidate Joe Biden wins in a landslide and is named the victor in several swing states Tuesday night, it is very likely that America and the world will not know who will be the president for several days.
Due to the COVID-19 pandemic and the subsequent use of mail in ballots on an unprecedented scale, vital states in the midwest will not know their election results until Wednesday night at earliest, although Thursday is more likely.
All of this analysis does not count for the real possibility of recounts which could delay calling the race even further.
What is clear is that the United States and the world will be waiting for quite a while before a victor is named.