KEY POINTS
- The chances of a delayed election is slim; the House and Senate must agree to postpone the election.
- Political chaos caused by a postponed election could bring major disruption to the economy, since delaying the results could add the pressure of uncertainty on the already fragile American marketplace.
Tensions over the credibility of a mail-in election are growing.
“This is the best rip-off in the history of politics,” President Donald Trump stated in among his looks at today’s Republican politician National Convention. “They’re going to send by mail out 80 million ballots. It’s impossible, they have no concept.”
The president initially pointed out the concern in a July 30 tweet, suggesting the U.S. should postpone the election until the surveys are all set to open without the risk of a pandemic.
While a postponed election is highly not likely, the occurring political mayhem could crush the U.S. economy.
Delayed election outcomes would add more uncertainty to the American economy, currently vulnerable from the results of Covid-19. “When we see unpredictability increase, we see that economic actors consisting of financiers stop making choices,” said political economist Mauro Guillen. “And it is specifically putting decisions on hold, which has possibly such ravaging repercussions.”
Specialists forecast that the marketplace would end up being volatile if the election is delayed. “The element of surprise would be so big that I think the market and the financial decision-makers would be so stunned that I think we would have a period of some disorderly advancements in the market and the economy,” Guillen cautioned.
Nonetheless, setting a specific date for the election is important in getting an accurate result from the citizens. “We desire all of the electorates to know that when they make their choice reliably, it’s not going to be ignored. It’s not going to be held off. It’s going to be listened to,” stated Justin Levitt, former deputy assistant attorney general of the United States in the Justice Department. “To keep that confidence, we need the election schedule to be set.”
Most specialists agree that the possibilities of a postponed election are slim. “It’s up to Congress,” Levitt said. “Both your home and the Senate have to consent to alter Election Day in order for that Election Day to alter. Now, there’s a horrible lot that Nancy Pelosi and Mitch McConnell do not necessarily settle on. It’s extremely unlikely that they’re going to agree to move Election Day for any reason whatsoever.”
During today’s Republican National Convention, some Republicans questioned the legitimacy of the mail-in ballot. All eyes are on Trump to see whether he will push the concern.
