- Under normal circumstances, it is quite often to take about 5 years or longer to develop an effective vaccine. Within one year? It is a pure miracle to say the least!! To a very large effect, we have to attribute the success to the Operation Warp Speed (OWS), the U.S. development program for coronavirus vaccines and treatments implemented by the Trump administration.
- OWS is a partnership among components of the Department of Health and Human Services (HHS), including the Centers for Disease Control and Prevention (CDC), the National Institutes of Health (NIH), and the Biomedical Advanced Research and Development Authority (BARDA), and the Department of Defense (DoD). OWS engages with private firms and other federal agencies, including the Department of Agriculture, the Department of Energy, and the Department of Veterans Affairs. It will coordinate existing HHS-wide efforts, including the NIH's Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) partnership, NIH's Rapid Acceleration of Diagnostics (RADx) initiative, and work by BARDA.
- July 22: HHS announced up to $1.95 billion in funds to Pfizer for the large-scale manufacturing and nationwide distribution of 100 million doses of their vaccine candidate. The federal government will own the 100 million doses of vaccine initially produced as a result of this agreement, and Pfizer will deliver the doses in the United States if the product successfully receives FDA EUA or licensure, as outlined in FDA guidance, after completing demonstration of safety and efficacy in a large Phase 3 clinical trial, which began July 27th.
Disclaimer: None of the following is meant to be political analysis. I am not endorsing nor disparaging any candidate. I'm simply outlining the facts pertaining to the U.S. Presidential election.
I want to warn you that the next few months in the U.S. will be extremely ugly.
The country was already deeply divided before this election. And unfortunately, it's only going to get worse.
The fact is that Joe Biden HASN'T actually won this election yet.
That is not a typo. The media has done the U.S. a great disservice by claiming that Biden is the winner this early in the game.
How the Real Election Process Works
Everyone needs to take a step back and understand how the actual election process occurs based on federal law, not media reporting.
1) The election occurs in early November.
2) Votes are tallied while officials from both parties (Democrats and Republicans) are present.
3) Provided officials from both parties are present during the vote tallies and there are 1) no credible accusations of fraud and 2) no software glitches, the vote tallies are then ratified.
4) If the vote margin between winner and loser is 0.5% or smaller, an automatic recount is required.
5) If the margin between the winner and loser is larger than 0.5%, but either candidate (or a third candidate for that matter) wants to dispute the results, he or she can pay to have a recount performed. The cost is roughly $3 million per state.
6) Once the recount is completed (or if no recount is necessary) the individual states formally declare the winner on December 14 when they officially cast their electoral college votes for that candidate.
7) In early January of the following year, the new congress meets to count the electoral college votes, and formally declare the winner.
8) The new president is sworn into office on January 20.
This is how presidential elections work in the U.S. under normal circumstances.
The media cannot decide who wins. The media can simply project who they think will win based on vote totals at a given time. And unless the loser formally concedes prior to December 14, the election remains in play.
So Where are We in Terms of the 2020 Presidential Election?
For starters, the races in multiple states (Georgia, Pennsylvania, Nevada, Wisconsin, Michigan, and Arizona) are close enough to require mandatory recounts (within a margin of 0.5%).
On top of this, the Trump administration will be filing lawsuits in Georgia, Pennsylvania, Nevada, Wisconsin, Michigan, and Arizona alleging fraud, illegitimate votes being counted, and GOP officials being barred from witnessing the ballots being tallied.
Whether or not the Trump administration is right about this remains to be seen.
However, the fact lawsuits are being filed means the election will move into the courts. If the courts decide that the evidence the Trump administration presents is compelling, they can require a formal vote audit.
If, during the vote audit, actual fraud is discovered, the court can rule the fraudulent votes are no longer valid. The formal vote counts would change, and it is possible that a given state ends up declaring a different winner.
Fraud isn't the only factor that the courts can rule on. If there are problems with the ballots (the wrong type of ink was used to mark a ballot or a hole punch doesn't go all the way through the ballot as was the case in Florida in 2000, etc.), the courts can deem those problematic votes as illegitimate as well.
This again can mean the formal vote counts can change, and it is possible that a given state ends up declaring a different winner.
Mind you, that's if the courts resolve the issue to everyone's liking on the first go round.
If either party or candidate is dissatisfied with a lower court's ruling, they can appeal the ruling, which can result in the lawsuit moving up to a higher court, eventually reaching the Supreme Court, the ultimate arbiter of election law in the U.S.
This was the case in the 2000 election, when the Supreme Court ruled that vote cards from Florida that didn't have clean hole punches were NOT valid. The ensuing recount gave the state to George W. Bush and resulted in Al Gore conceding the election on December 13.
The Bottom Line
None of the above items are conspiracy theory or wishful thinking. These are the actual facts of how presidential elections are decided in the U.S.
The media doesn't decide elections. And technically, Joe Biden is NOT the president-elect, no matter how much certain people might want him to be.
Remember, he wouldn't be formally declared the president-elect until December 14, 2020, and that's under normal circumstances.
And as I mentioned already, this election is anything but normal.
I mention all of this to help you keep a clear head during what is going to be an extremely stressful and psychologically draining four-week period between now and that date.
Again, this election WILL not be decided before December 14. And it's possible things run even longer than that.
Best Regards,
Graham Summers
Editor, Money & Crisis
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