By Michael Every of Rabobank
Ongepotchket
The title of today’s Daily takes us past Covfefe and past Malarkey, or another other recent Bidenism. It is a word defined as meaning “complicated, but needlessly complicated. If, when asked how to make an omelette, you start off by telling the person which store to buy eggs at, your description may be ongepotchket.”
Well, things are certainly looking that way if you think about it. If one wanted to plot out a risk-off scenario for the US election ahead of time, it would have gone something like this:
A razor-thin win in lots of key states for either candidate, but perhaps more so for Biden; accusations from critics that the US voting system is not fit for purpose in the 21st century; a contested win marred by public allegations of fraud (timing of ballots received; turnout levels relative to the past and similar geographies; suspiciously partisan mail-in-vote splits; that the Senate stayed Republican and House seats oddly swung against the Democratic trend, etc.); Trump disputing the result and calling some states himself; the Supreme Court getting dragged into it; and multiple recounts ahead, with further arguments over what voting standard would then apply to each ballot, which is both a technical and legal nightmare.
How much deeper down this particular rabbit hole can we go? As we choke on a red and blue pill simultaneously, we are about to find out.
Then consider that if we do indeed get a President Biden, it would be with a Republican Senate determined to do unto Biden on Ukraine-related issues what the Democratic...