November 17, 2017
    In historic upset, Trump defeats Clinton to become president-elect

    Election came down to swing state Pennsylvania

    By E. Francisco Dalere | 11/10/2016

    5:10 a.m. Nov. 9 - In what already is being called the biggest upset in the country’s modern political history, Republican Donald Trump has been elected the president of the United States, and Indiana Gov. Mike Pence was elected vice president.

    With his election, Republicans now hold the executive branch, the U.S. House of Representatives, and the U.S. Senate. Democrats were able to chip away at the GOP majorities in the House and the Senate.

    Early on against all polls and political models, President-elect Trump built a lead that he did not give up all evening, including winning battleground states Florida, North Carolina and Ohio. Clinton and her running mate, Virginia Sen. Tim Kaine, pulled closer when they won the entire West Coast and Hawaii. When the electoral college numbers reached 256 for Trump and 209 for Clinton, the country watched several states that were too close to call, including swing state Pennsylvania. About 2 a.m. the Associated Press called Pennsylvania and its 22 electoral college votes for Trump, giving the GOP nominee 274 to Clinton’s 218. A candidate must reach 270 electoral votes to win the presidency.

    Shortly after, media reports said there was activity at the Trump camp, and reports that John Podesta, not Clinton, would address her supporters at New York’s Jacob Javits Center. In an unusual move, Podesta said there were still votes to be counted and Clinton would not comment further. Instead, he sent the quieted supporters home.

    At the Trump rally, just blocks away at the Hilton Midtown, the atmosphere was very different. The crowd demanded the election be called officially for Trump. Eventually Vice President-elect Pence appeared with his family on stage to announce “President-elect of the United States of America Donald Trump.”

    Trump, with a large entourage of family and supporters, then came to the stage. He announced that Clinton had called him to concede the election, and the crowd erupted in celebration.

    He thanked Clinton for her service to the country and noted her formidable campaign. Then he called for Americans “to come together as one united people.”

    In his remarks, he played off his outsider reputation: “Americans want a government that serves the people, and serve the people it will.”

    His campaign tapped into those who feel disenfranchised. In his victory remarks, he said, “The forgotten men and women of our country, will not be forgotten no longer.”

    While Trump came under fire for remarks about the military he made on the campaign trail, he made an outreach to veterans. “We will also, finally, take care of our great veterans,” he said, clearly nodding at the recent trouble at the U.S. Veterans Affairs Department over veterans hospitals.

    He said his plans will double the country’s economy and that “We will get along with all nations that are willing to get along with us.” He called for rebuilding the infrastructure and the country’s inner cities.

    He began his thank-yous by first noting his wife Melania and his children and what they faced on the campaign trail. “This political stuff was nasty, and it was tough.”

    Trump gave special thanks to supporters former New York City Mayor Rudy Giuliani, New Jersey Gov. Chris Christie, Sen. Jeff Sessions, former presidential candidates Dr. Ben Carson and Mike Huckabee, Gens. Flynn and Kellogg, Republican National Committee chairman Reince Preibus, whom he compared to Triple Crown winner Secretariat; the RNC; the Secret Service; and the New York City police.

    Acknowledging that his election as president is historic, he said, “To be really historic we have to do a great job, and I promise you I will not let you down.”

    The victory celebration ended with the Rolling Stones' "You Can't Always Get What You Want."

    Clinton delivered her concession remarks the following morning. She hoped Trump “will be a successful president for all Americans.”

    “This is not the outcome we wanted or we worked so hard for and I’m sorry that we did not win this election for the values we share and the vision we hold for our country….This is painful and it will be for a long time, but I want you to remember this. Donald Trump is going to be our president. We owe him an open mind and the chance to lead,” she said.

    She called on her supporters to work toward advancing their causes: “making our economy work for everyone not just those at the top, protecting our country and protecting our planet and breaking down all the barriers that hold any American back from achieving their dreams.”

    Markets plunge as Trump mounts electoral votes

    As the election results were announced during the evening, the market took a dive, some characterized it as a “collapse.”

    According to the New York Times, "reaction to the prospect of a Trump presidency rippled across the globe, with financial markets abroad falling as American television networks raised the prospect that Clinton might lose. Asian markets were trading sharply lower, down around two percentage points, and in the United States, Dow Jones futures were down as much as 600 points in after-hours trading."

    Economists told media outlets that the market will open to a triple-digit negative on Nov. 9. There will be some volatility in the next few days, just as there was when the United Kingdom voted to leave the European Union, known as Brexit. but Trump’s election could be a good thing for investors in the longterm. His policies call for such things as reducing corporate tax, to which one economist said, “Investors love that.”

    But in the short term, traders need to figure out how to invest, especially as Trump is calling for rolling back such programs as the Affordable Care Act, or Obamacare. Also they have to know the longterm strategies for major sectors. For instance, because Trump won, do investors turn away from clean energy and go with traditional fuel sources, like coal, which would have been diminished under a Clinton administration.

    Disbelief, anger in results

    Most polls and projections showed Clinton was going to handily win this election, but that did not happen. Pundits said last night that millennials and Republican women did not turn out for Clinton, as was expected. Also, some theorized that Trump was able to mobilize the white vote behind him, performing better than expected with whites with college degrees, for instance. Also, “Reagan Democrats,” who are largely credited for helping Reagan into the White House and keeping him there, also returned to the GOP.

    Trump also performed better by eight points with Latinos than former Republican presidential candidate Mitt Romney, but not as well as former presidential candidate Sen. John McCain. Clinton, on the other hand, did not mobilize African-Americans, who voted 88 percent for her, down several points compared to President Obama's last election.

    In D.C., a number of people gathered in Lafayette Park across from the White House for an impromptu anti-Trump rally shortly after the new president-elect was announced. Some held signs addressing the criticisms Trump faced on the campaign, including racism, and they burned a Trump hat.

    Down the road on Pennsylvania Avenue at the new Trump hotel, which occupies the Old Post Office Pavilion, few protesters as well as supporters started to gather at about 5 a.m.

    As Trump's lead developed, Canada's immigration website crashed, presumably overloaded by traffic.

    The day after the elections, protests cropped up in many cities across the country. Protesters chanted "Not my president!" Effigies of Trump and American flags were burned. Sgns covered everything from his controversial remarks about women, to blocking immigration.

    E. Francisco Dalere is managing editor of Association TRENDS.

    Association TRENDS