Trump or no Trump, Jan 20, election integrity controversy will continue until closure

No matter what happens on Jan 20, controversies generated by electoral fraud & voter fraud issues and lack of electoral integrity will continue until there’s closure.

The mid-term elections and 2024 would be affected.

The US Supreme Court, SCOTUS, cannot continue to be blind.

Extract from the link . . .

JPMorgan is telling clients there’s still a chance that this process descends into chaos. It is 2020, after all.

Michael Cembalest, chairman of market and investment strategy at JPMorgan Asset Management, warned in a report Wednesday of the “remote risk of an American horror story” and “constitutional mayhem.”

Cembalest, who helps oversee $2.2 trillion in assets, pointed to President Donald Trump’s Tuesday night firing of the top US election security official, Attorney General William Barr’s decision to authorize prosecutors to probe alleged voter fraud and the fleeting drama over certifying election results in Michigan’s largest county.

“Bottom line: a LOT of very unorthodox things have to happen for Trump to be reelected,” the JPMorgan strategist wrote. “Even so, I’m not ruling anything out.”

As Cembalest notes, Trump would need to “reverse or impede results in three states” to prevent Joe Biden from reaching the 270 electoral votes required by the Constitution.

The JPMorgan strategist laid out several developments that could cast doubt on that outcome, including that one or more states submit competing slates of electors.

Those competing slates would then be resolved January 6 by the new Congress through rules spelled out in the Electoral Count Act of 1887.

“The nightmare scenario for markets,” according to Cembalest, would be if Senate Republicans declare the ECA unconstitutional, flip three states in Trump’s favor to give him the required 270 electoral votes and Democrats refuse to participate.

“All of which sets up the prospect of dueling inaugurations,” Cembalest wrote, noting that this outcome was only “narrowly averted” in 1876.

Another risk laid out by Cembalest is if Barr directs investigators to “seize or impound election records” to probe for voter fraud, slowing down the process.

“I think we’re making far too little of this,” CNBC anchor Jim Cramer said Wednesday while expressing worries about a peaceful transition to a new administration.

Liz Ann Sonders, chief investment strategist at Charles Schwab, said there “could certainly still be some black swan political event.”

Perhaps heeding the warnings of Cembalest, JPMorgan CEO Jamie Dimon has repeatedly urged Americans to respect the outcome of the election.

“We need a peaceful transition. We had an election. We have a new president,” Dimon said Wednesday during The New York Time’s virtual DealBook conference. “You should support that whether you like it or not, because it’s based on a system of faith and trust.”

Author: fernzthegreat

Joe Fernandez holds a honours degree in management, majoring in economics, and has opted from academia in law to being a jurist. He was trained professionally on the job as a journalist. He's a longtime Borneo watcher, keen on the history and legal aspects of Malaya's presence in Sabah and Sarawak. He teaches the English language privately and has emerged as a subject matter expert in public examination techniques.

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