Word: gop
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This is the moment traders have been dreading. No, not the arrival of the GOP lawyers in federal court Monday, or the off-and-crawling manual recounts in four Gore-friendly Florida counties (though the blooming presidential uncertainty can now be declared to be adding to investors' malaise). It's something very Wall Street, though Al Gore and George W. Bush will be hearing about it all week...
...Monday, the GOP lawyers in Palm Beach tried to get the eight lawsuits over the Palm Beach ballot consolidated at the state level in Tallahassee, but Monday the judge recused himself and it's a waiting game again. Republicans may appeal the afternoon's hand-recount ruling. But Harris - and the news out of the Volusia/Gore suit that will determine whether that Tuesday deadline holds - may the Bush camp's best hope to keep this thing under control...
...Hotel in Tallahassee. When the networks first awarded Florida to Gore, around 7:50 p.m., the party mood deflated fast. In an upstairs suite, the state's usually boisterous Republican leaders were thunderstruck. "There was dead silence," says Brogan. "It didn't seem possible." Al Cardenas, the state's GOP chairman, was frantically checking returns on a laptop that showed Bush ahead in the few precincts that had reported. Knowing that the loss of Florida could discourage Republicans from bothering to vote in Western states, where the polls were still open, Cardenas put in the first of what would...
...votes. Some members may be pressed to switch to the way their states, their districts or the national majority voted. Some may be swayed by the prospect of an ambassadorship or a big Cabinet job. The delegations in the new House, however, are likely to be dominated by the GOP, thus favoring Bush...
...popularly chosen - only that the states come up with some method for appointing them. Under federal law, the Florida legislature has until Dec. 12 to pick new electors. It could even vote to let the governor pick the electors - but don't count on it. Florida has a GOP-controlled legislature, but it would be toast if it usurped popular control of an election...