It’s been a wild ride on the US political front of late. It amped up with a poor showing by President Biden in his June 27 debate performance against former President Trump, leading to a growing chorus within the Democratic Party calling for him to step down from the ticket.
The calls briefly subsided when an assassination attempt was made on Trump’s life on July 13 at a campaign rally in Butler PA only to pick up again amid the unity of the Republican party during their July 15-19 convention where Ohio Senator, JD Vance, was selected as Trump’s running mate.
It is possible that other VP finalists such as Florida Senator, Marco Rubio, and North Dakota Governor, Doug Burgum, will be considered for Trump’s cabinet if he wins, in positions such as Secretary of State or Secretary of the Interior.
As Biden resisted calls to step down, the pressure intensified with a growing list of party leaders urging him to pass the torch. On July 21, President Biden dropped out the race, tossing his weight behind Vice President Kamala Harris.
Speculation as to who she might select as a running-mate, if nominated, has already begun with Pennsylvania Governor, Josh Shapiro, North Carolina Governor, Roy Cooper, Arizona Senator, Mark Kelly, and Kentucky Governor, Andy Beshear, included among those garnering attention.
Trump had a 3.0% national lead in the average of the Real Clear Politics polls against Biden and had been ahead in the important battleground states. It’s too soon to rely on the polls considering recent developments but many voters have already decided if they plan to vote for Trump or not in November. Turning to the prediction markets, PredictIt now assigns a 59% chance of the GOP taking the keys to the White House in November. As a matter of perspective, the GOP’s chances recently peaked at 68% on July 16 but had been as low as 45% not too long ago on April 26.
Bonus: Significant Presidential Elections
Ten of the most significant President elections occurred in 1796, 1800, 1828, 1860, 1876, 1896, 1912, 1932 and 2000. Given Joe Biden’s resignation, the chance for a Trump comeback, and the potential for a first female President in Harris, we may need to add the 2024 election to the list. In chronological order, learn why these 10 past elections changed the course of history and greatly shaped policy.
Election of 1796: The election of 1796 proved a young democracy could survive George Washington’s retirement and that power could be peacefully transferred. The rules of the day awarded the Presidency and Vice Presidency to the candidates with the most and second-most votes, respectively. As a result, John Adams’s rival, Thomas Jefferson, became his Vice President.
Election of 1800: A candidate for the most significant election ever, it revealed another flaw in awarding the Presidency and Vice Presidency to the candidates with the most and second-most votes. Thomas Jefferson and Aaron Burr ran together but the election ended in a tie and wasn’t resolved in the House until after the 26th ballot. What followed was the adoption of political tickets with a clearly defined Presidential and Vice-Presidential candidate. Jefferson’s defeat of John Adams ended the period of Federalist domination and ushered in two-party contests as the norm.
Election of 1824: Andrew Jackson won the popular vote but did not have a majority, tossing the election to the House. The speaker of the House, Henry Clay, had finished fourth and swung his support to John Quincy Adams in exchange for a Secretary of State position which was the most common pathway to the Presidency up until that point in time. Jackson labelled the arrangement a “corrupt bargain.” A backlash sent Jackson to the White House in 1828 and severed the Democratic-Republican Party started by Jefferson in two.
Election of 1828: After the election of 1824, the nominating of candidates became more democratic as conventions replaced caucuses and back room deals. Andrew Jackson was the first President not born of privilege. The election marked the first time that individuals began to battle against corruption in politics and formed a coalition of small farmers and the working class.
Election of 1860: A strong nominee for the most significant election ever, the newly formed Republican party adopted an anti-slavery platform that led to a narrow victory for Abraham Lincoln. Eleven states seceded from the Union, ushering in the Civil War, and putting the nation on a path to abolish slavery.
Election of 1876: There have been multiple close and disputed elections but only one occurred during the high stakes period of Reconstruction following the Civil War. Governor Tilden of NY led in the popular vote and electoral college count but was one vote shy of a win. A commission was formed by Congress and voted along party lines to award the Presidency to Rutherford B. Hayes in the “Compromise of 1877.” This led to the end of Reconstruction.
Election of 1896: This election pitted urban against rural interests. William Jennings Bryan formed a coalition of progressives and indebted farmers who opposed the gold standard. William McKinley’s victory highlighted America’s shift from an agrarian nation to an urban one with a growing manufacturing sector.
Election of 1912: The 1912 election exposed the impact that a third party can have on an election’s outcome. William Howard Taft, Teddy Roosevelt’s hand-picked successor, succeeded him in 1908. In 1912, Roosevelt wanted to return to the White House, but the Republican Party sided with then President Taft. Roosevelt broke from the GOP to start the independent Bull Moose Party, splitting the vote and tossing the victory to Woodrow Wilson. Wilson would lead the country through World War I, establish the Federal Reserve, and fight for a “League of Nations” that failed to garner sufficient support in Congress.
Election of 1932: Another contender for the most significant election, the election of 1932 resulted in a dramatic change in parties and policy. A coalition of urban workers, northern Black people, southern White people and Jewish voters supported Franklin Delano Roosevelt’s (FDR) New Deal series of public work projects, financial reforms, and regulations in the wake of the Great Depression. FDR would break from tradition and win elections to a third term and then a fourth, leading the nation through most of World War II. The coalition he formed boosted his party for decades.
Election of 2000: The election of 2000 marked the first time the Supreme Court got involved in the electoral decision. The race between George W. Bush and Al Gore came down to Florida. TV networks called the state for Gore then Bush. Gore conceded the election but then rescinded. Bush’s lead in Florida was so close it triggered an automatic machine recount by state law. A month-long series of legal battles and recounting transpired. Ultimately, the Supreme Court ruled that Bush’s slim 537 vote lead should stand.
There have been other notably historic and important elections. The 1920 election saw a doubling in eligible voters after the 19th Amendment gave women the right to vote. The 1948 contest between Truman and Dewey produced an upset victory for Truman. In 1960, John F. Kennedy became the first Roman Catholic President. The 1964 contest brought in the Great Society and advancements in Civil Rights. 1980 delivered the Reagan revolution. 2008 generated excitement in the realms of race and gender with the candidacies of Barack Obama and Hillary Rodham Clinton with the election of an African American to the White House as a truly historic event.
We’ll see if the 2024 election leads to lasting changes in voter coalitions, long-term policy changes or a period of peace and prosperity with domestic tranquility.
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