It's now Tuesday morning and as most of us predicted we still don't know for sure if Biden or Trump will be our next President. In looking at the vote totals it would seem that the nation is about evenly split between Trump voters vs. Biden voters.
But how about California and their 55 electoral votes?? If you add up all the electoral votes that MN, WI, ND, SD, MT, NE, KS, IA and MO have you still won't come up with 55! The DFL loves to call them "Flyover states". Maybe it's time to start looking at breaking up CA? Maybe it should be 3 states? Maybe then one of those states could turn Red and give their votes to Republican nominee?
We do know that this divide can't continue for too much longer as the hatred and animosity between Left and Right has become insurmountable. We have sisters and brothers who can't stand each other because one is Trump and the other is Biden. We have Aunts and Uncles who refuse to talk to nephews because one is for Trump and the other is Biden. And those of us on the Right actually believe that the Left has been overcome by some delusional, demonic force. Most have become godless, city dwellers who want nothing to do with the God of Creation, the God of Abraham, Isaac and Jacob, the Trinity, the God of the Bible, Jesus Christ. And those on the Left actually have convinced themselves that Trump is like Hitler and those who vote for him are Nazis.
Today we find an article from one of the top money managers in the country. He is famous because he called some of the last big drops and he also called Trump to win in 2016 when no one else did. Today he is asking if U.S. may split up. We have been asking that question for the past 4 years as well. We just wonder how it could be done without massive bloodshed?
Gundlach Sees U.S. Plausibly Splitting Into 'More Than One Nation'
On the eve of one of the most contentious presidential elections in recent history, DoubleLine CEO Jeffrey Gundlach said on Monday that it was “plausible” that the U.S. could split into more than one nation in the coming years. The remark came near the end of a webcast featuring the high-profile bond fund manager and David Rosenberg of Rosenberg Research.
“We have so much discord and we have a constitution that is very old” and hasn’t changed very much, he said. If the Bill of Rights were put to a vote today, he said it is doubtful that all of it would be approved. Property relations, upon which the Constitution placed a premium, are out of whack in his view.
Today, there is a meaningful segment of the American public that is willing to riot, to “get rid of the police,” and to allow unlimited immigration. Another very large group of people wants no part of this.
The situation already is manifesting itself in the decision of many affluent Americans to relocate during the pandemic. “You can’t find a moving company to get you out of southern California,” he noted.
Gundlach and Rosenberg agreed that Western democracies were facing a unique set of challenges and simply are failing to deliver satisfactory outcomes for their citizens. Economic growth has declined over the last two decades, leaving many millions of people feeling marginalized.
Rosenberg called it “perverse irony” that China is emerging from the Covid-19 pandemic in a much stronger position than most other nations. But he and Gundlach concurred that China's dictatorship is producing a rising living standard that western democracies can not rival.
The trends are not encouraging. “We are 10 years away from China supplanting the U.S. in PPP (purchasing power parity) terms,” Rosenberg said. Neither participant addressed the question of how long China's communist government can sustain its skilled manipulation of the economy.
Regarding the presidential election, Gundlach said he still believed President Trump would be re-elected, but he had far less conviction about who would win than he did in 2016. Four years ago, former Secretary of State Hillary Clinton was a candidate with massive baggage. Gundlach was among very few observers who predicted Trump's victory early in the 2016 election cycle.
The present situation is quite different. “Whoever loses will throw a fit” and litigate, Gundlach predicted. If Biden were to lose, America could easily see demonstrations, rioting and other forms of social unrest, he said.
Covid-19 could play a major role in depressing turnout among young voters in key Midwestern states like Wisconsin, Michigan and Ohio, where there are huge universities, some with 100,000 students and major liberal, affinity demographics. In this pandemic era, these universities are partially open.
Rosenberg agreed with Gundlach that the polls could be off, but he questioned whether polls showing former Vice President Biden with an 8% to 10% lead could be completely wrong. Most, Rosenberg noted, were off by no more than 3% four years ago.
Rosenberg also argued that, from an economic viewpoint, either a red wave or a blue wave was preferable to the split decision—with Biden winning the White House and Republicans retaining the Senate—that Gundlach said was possible. Gundlach believes there is a significant subset of the electorate that dislikes the Democratic agenda and simultaneously views President Trump as a "monster."
If this line of reasoning is accurate, some of these folks could split their ticket and vote for Biden and GOP congressional candidates. The proof of this thesis on election night could come in Texas. Two years ago, that state's governor, Greg Abbott, received almost 400,000 more votes than its junior senator, Ted Cruz.
If that divided goverment scenario materializes, Sen. Mitch McConnell will still control the Senate and “all he’ll do is a $500 billion stimulus.” That won’t be "nearly enough" to fill the output gap, Rosenberg argued.
Without a stimulus, both men agreed that the economy could experience an eviction crisis that could turn into a mortgage crisis as cash-strapped landlords are forced to default on their mortgages.
Here; https://www.fa-mag.com/news/gundlach-sees-u-s--plausibly-splitting-into--more-than-one-nation-58767.html?section=110&utm_source=FA+Subscribers&utm_campaign=6682db56b8-FAN_FA_News_JohnHancock_Nationwide_110320&utm_medium=email&utm_term=0_6bebc79291-6682db56b8-236452497
Please remember that God knew the outcome of this election before He formed the heavens and the earth. He is not on His throne biting His nails as he anxiously awaits the outcome of Pennsylvania.
