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Florida 2000: A Look Back at the Butterfly Effect

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Revisiting Florida 2000 and the Butterfly Effect

The 2000 presidential election in the United States was one of the most controversial and closely contested elections in history. The race between Al Gore and George W. Bush came down to a few hundred votes in the state of Florida, ultimately leading to a Supreme Court decision that determined the outcome of the election.

One key factor that influenced the outcome of the Florida election was the now-infamous “butterfly ballot” used in Palm Beach County. This ballot design, which featured candidates listed on both sides with corresponding punch holes in the center, caused confusion among voters. The layout of the ballot did not align logically with the holes, leading to many voters inadvertently selecting the wrong candidate.

Joe Lieberman, Al Gore’s running mate in the 2000 election, recently passed away at the age of 82. His legacy is intertwined with the butterfly ballot controversy, as the confusion it caused likely swayed the election in favor of George W. Bush. The data shows that a significant number of voters in Palm Beach County mistakenly voted for third-party candidate Pat Buchanan instead of Al Gore, due to the flawed ballot design.

In hindsight, it is clear that the butterfly ballot had a direct impact on the election results. The Supreme Court decision to halt the recount further solidified George W. Bush’s victory, despite the razor-thin margin in Florida. This pivotal moment in American political history serves as a reminder of the importance of fair and accessible voting procedures.

Looking back at the events of 2000 also raises questions about the potential ripple effects of small details in elections. The concept of the butterfly effect, where a seemingly minor event can have large and unforeseen consequences, is particularly relevant in this context. The butterfly ballot may have been a small factor in the grand scheme of the 2000 election, but its repercussions were significant and long-lasting.

As we reflect on the legacy of the 2000 election and the butterfly effect it demonstrated, it serves as a cautionary tale for future elections. Ensuring transparent and efficient voting processes is essential to upholding the integrity of democracy and preserving the voice of the people.

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We’re still in a post-primary lull before the campaign starts to heat up — and before Donald J. Trump goes on trial. Here are a few quick notes to end the week.

Joe Lieberman and the butterfly ballot

Joe Lieberman, the former Democratic senator, died this week at 82. He was Al Gore’s vice-presidential nominee in 2000, when the Gore-Lieberman ticket came less than 600 Florida votes away from winning the White House.

We’ll never know what would have happened if the Supreme Court had allowed the recount to continue. But I don’t think it’s always appreciated that we probably do know that Mr. Gore would have won Florida, and therefore the presidency, if it weren’t for the infamous “butterfly ballot” in Palm Beach County.

After the election, many voters from Palm Beach claimed they had inadvertently voted for Mr. Buchanan when they meant to vote for Mr. Gore. This is clear in the data. Mr. Buchanan fared far better in Palm Beach County than he did on the other side of the county line. Indeed, Mr. Buchanan fared far better in Palm Beach County than any politically or demographically comparable area in the country.

Mr. Buchanan also fared much better among Election Day voters— who used the butterfly ballot — than among absentee voters, who did not, a pattern not seen elsewhere in the state. Mr. Buchanan’s support was also concentrated in Democratic areas, even though he was a very conservative candidate.

As far as the data goes, the case is a slam dunk: At least 2,000 voters who meant to vote for Gore-Lieberman ended up voting for Mr. Buchanan. All else being equal, that would have been enough to decide the election.

No shift after State of the Union

Last week, I wrote that there were a few hints that maybe, just maybe, President Biden’s numbers had inched up after the State of the Union.

Maybe not. It has gotten harder to see signs of any Biden bump. Taken together, new polls from Fox, CNBC, and Quinnipiac suggested that the presidential race was essentially unchanged, with Mr. Trump still holding a narrow lead nationwide. The president’s approval rating doesn’t seem discernibly higher, either.

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As I wrote last week, that’s not necessarily unexpected, nor is it terrible news for Mr. Biden. The State of the Union doesn’t usually make much of a difference. And there’s a case the speech was still helpful to him by quieting the concerns of elite Democrats about his ability to run a vigorous campaign.

That said, this is really not just about the State of the Union. Many of the ingredients for a possible Biden comeback have been coming into place over the last few months, from improving consumer sentiment to the sense of finality that the matchup would be Biden vs. Trump. There are many ways a Biden comeback could unfold, but one way involved these favorable conditions translating into gains in the polls. The end of the primary season and the State of the Union were plausible opportunities for Mr. Biden to begin to realize these gains. It hasn’t happened yet.

The next opportunity: the scheduled April 15 trial of Donald J. Trump on charges related to paying hush money to a porn star.

Reader Question: How big will the turnout be in 2024?

Florida 2000 is a reminder that every vote will count, but as I wrote earlier this week, many less engaged voters will undoubtedly choose to sit out this election. That led several of you to ask whether there were any early clues about turnout this fall. Judy Pelowski, for instance, asked:

“It seems to me voter turnout will be the biggest factor in who wins the election this year. With the amount of dissatisfaction with the candidates this year, do you have any indications people will not show up? If so, what are the probabilities for low turnout?”

It’s still a little early to say much about the eventual turnout, but every quick-and-easy early indicator suggests the turnout may be lower than it was four years ago. To take a few examples:
The turnout numbers in the primaries and the 2022 midterms were lower than the corresponding figures from four years before.
Fewer voters like the candidates than four years ago, the polling shows.
Our early polling finds a smaller proportion of voters saying they’re “almost certain to vote” than at this stage four years ago.

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Now, the turnout in 2020 was very high for this era, so the turnout in November can drop and still be quite high. But at this early stage, it’s hard to make a good case for turnout to match 2020.

Thing on the internet

The Cook Political Report’s Dave Wasserman dug into newly digitized archives to highlight one Cook analysis of a pivotal House race from every election year from 1984 to 2002.

At just one or two paragraphs per election, it’s pretty quick and easy to digest, and it’s also a good test to see if you’re a true political junkie. Perhaps best of all: One of the highlights happens to be from Mr. Wasserman’s childhood home district (at the time, New Jersey’s 12th District), and consequently features his own personal archive of campaign material from the 1998 campaign.

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Is now the right time to invest in gold as prices have cooled?

Now may be the time to buy gold following a recent lull in its price.

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The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.

This lull in gold’s price may represent an investment opportunity.

In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?

Compare your gold investment options among leading brokers now.

Gold prices have cooled. Should you buy in now?

With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:

Prices may rise again

If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.

But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.

Add gold to your portfolio now before prices have a chance to rise.

You may be able to make a quick profit

Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.

Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.

There are other benefits of investing in gold

There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:

Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.

The bottom line

Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.

Joshua Rodriguez

Joshua Rodriguez is a personal finance and investing writer with a passion for his craft. When he’s not working, he enjoys time with his wife, two kids, two dogs and two ducks.