Bruce Mehlman @bpmehlman UPDATED Dec. 23, 2020

America Decided… America’s Divided

Everything Changed and Nothing Changed CONTENTS

Executive Summary: Main Takeaways……………………………………………………...…...... 3 Results: A Split Decision………………………………………………………………………. 4 Electoral College Map & Popular Vote………………………………………………………. 5

10 Lessons: What 2020’s Elections Say About Our Nation & Future: 1. Historic Engagement…………………………………………………………………… 7 2. A Very Close Outcome……………………………………………………………...... 11 3. No Coattails……………………………………………………………………………... 15 4. Historically-Disrupted Electorate Focused on COVID & the Economy…………… 19 5. The Electorate is Not Monolithic……………………………………………………… 25 6. Another Polling Fail……………………………………………………………………. 28 7. What to Expect in 2021………………………………………………………………… 31 8. Both Parties in Transition……………………………………………………………… 37 9. Macro Trends that Matter………………………………………………...... 41 10. Recommendations & Reasons for Hope…………………………………………….. 44

2 MAIN TAKEAWAYS • Voters wanted more competent but also more moderate leadership: • lost for failing to manage COVID competently & excessive chaos / division • House Democrats lost where voters feared overly-aggressive Progressivism

• Our nation remains narrowly & deeply divided: • Senate & House nearly tied, key EC states close, minimal state-gov’t change • Biden had no coattails, enters with a narrower mandate… manage COVID & lower the volume… his ability to do more will depend on his success managing the pandemic

• The big questions remain mostly unresolved: • Both parties face huge internal battles over future direction & leadership • Biden is a transitional leader, not the future of the Democratic Party • Trump is out but hardly gone • Big policy directional questions were deferred (climate, inequality, immigration, systemic racism, etc.)

3 THE RESULTS: A SPLIT DECISION

Democrats Capture the & Gain in the Senate Republicans Gain in the House & States

WHITE U.S. U.S. STATE LEG. GOVS HOUSE SENATE HOUSE CHAMBERS LAST ELECTION Republican 53R – 47D 235D – 199R 59R – 39D 26R – 24D

AFTER (So Far) Democratic 50R* – 48D 222D – 213R 61R – 37D 27R – 23D NET GAIN FLIP D+1 R+14** R+2 R+1

Sources: NCSL; * 2 Senate runoffs in GA 1/5/21; ** several races not yet called 4 BIDEN WINS POPULAR VOTE, ELECTORAL COLLEGE

https://cookpolitical.com/2020-national-popular-vote-tracker 5 10 LESSONS FROM 2020: What the Elections Say About the Nation & the Future

6 #1. HISTORIC ENGAGEMENT Americans Remain Eager to Protest, March & Vote in an Age of Hyper-Activism

7 AMERICANS BELIEVED “IT REALLY MATTERS WHO WINS”

You are here

8 HIGHEST VOTER TURNOUT SINCE 1900

U.S. Voter Turnout as % of Eligible Voters 75.0% 73.7%

66.7% 65.5%65.7% 65.0% 63.8% 62.8% 61.8% 62.4% 62.3% 62.5% 61.0% 61.6% 60.2% 60.1% 60.1% 59.0% 58.1% 58.6% 56.9%56.9% 55.9% 56.2% 54.8% 55.2% 55.0% 54.2% 54.2% 52.8% 52.2% 51.7% 49.2%48.9%

45.0%

35.0%

25.0% 1900 1904 1908 1912 1916 1920 1924 1928 1932 1936 1940 1944 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020

Source: US Election Project (12/7) 9 SPENDING ON THE 2020 ELECTIONS CRUSHED ALL PRIOR RECORDS Total Election Spending (Open Secrets) Partisan Breakdown Presidential Congressional

35.4% 64.6% 2020 $13.9B

48.3% 51.7% 2016 $6.5B

47.3% 52.7% 2012 $6.3B

41.2% 58.8% 2008 $5.3B

10 Sources: Open Secrets #2. VERY CLOSE OUTCOME American Politics Remain Closely Divided, No Breakthroughs in 2020

11 THE BATTLEGROUNDS: CRITICAL STATES SHIFTED JUST ENOUGH Seven States Within 3% Margin in 2020, Eight in 2016

GOP margin Dem margin +10 +9 +8 +7 +6 +5 +4 +3 +2 +1 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10 GA AZ NC NE-2 FL WI PA MI 2016 NH 2020 MN NV

12 FEWER VOTES DECIDED ELECTORAL COLLEGE IN 2020 THAN 2016 While the Popular Vote Margin Grew from 3M+ (Clinton) to 7M+ (Biden), The Margin in Decisive Electoral States Remained Tight

Source: NBC 13 BIDEN CUT INTO TRUMP’S COALITION, TRUMP INTO CLINTON’S

Biden vs Share of 2020 2016 Clinton Margin 2020 Biden Margin Electorate (2016) Clinton 19% (21) -50 +20 White Men No College -30 45% (50) -2 +12 Suburban 10 4% (4) 67 +7 African American Men 74 27% (27) -9 +6 65+ -3 24% (24) -23 +2 White Women No College -21 (13) 30 13% 18-29 25 -5 (5) 39 5% Latino Women 34 -5 26 14% (17) White Women College+ 20 -6 16% (13) 3 White Men College+ -6 -9 98 7% (6) African American Women 87 -9 37 4% (5) Latino Men 20 -17

Sources: 2016 Pew Validated Voters; 2020 AP Votecast Exit Polls 14 #3. NO COATTAILS Americans Chose Divided Government & A Narrow Mandate for 46

15 ELECTORATES SEEKING MAJOR CHANGE SHOW IT DOWNBALLOT

Coattails for Presidents With Big Messes to Clean Up

YEAR / PRESIDENT Popular Vote Senate Seats House Seats Governors 2008 / OBAMA +7.27% +8 +21 +1 1980 / REAGAN +9.74% +12 +34 +4 1932 / FDR +17.8% +11 +97 +11 1920 / HARDING +26.2% +10 +63 +7 1860 / LINCOLN +10.13% +2 (of 66) +30** 2020 / BIDEN +4.4% +1*** -14 -1 ** Pending GA runoff *** +30 for the Unionists elections

16 WEAKEST HOUSE COATTAILS SINCE 1960 Change in President’s Party Share of House Seats at First Election FDR HST WGH RWR LBJ HCH BHO CCC DDE RMN JEC GWB GHWB DJT WJC JRB JFK 1932 1948 1920 1980 1964 1928 2008 1924 1952 1968 1976 2000 1988 2016 1992 2020 1960

44.9%

39.9%

26.3%

21.5%

14.3% 13.4% 10.3% 9.8%

6.0% 2.7% 0.3%

-0.9% -1.1% -2.4% -3.4% -5.5% -7.4% Source: Author’s calculations assuming Dems have 222 seats in 117th Congress 17 IN THE STATES: A “NO CHANGE” ELECTION (GOP +2) Fewest Legislative Chamber Switches Since 1946 R+2 in 2020 (NH), D+2 in 2019 (VA) 30 30

25 25 24 23 22 21 21 20 20 19 19 18

16 16 15 15 15 15 14 14 14 14 14 13 13 13 13 13 12 12 12 11 11 11 10 10 10 10 10 10 10 10 10 9 9 9 9 8 8 8

6 6 6 6 6

5 4 4 4 3 3 2 1 1 0 1902 1904 1906 1908 1910 1912 1914 1916 1918 1920 1922 1924 1926 1928 1930 1932 1934 1936 1938 1940 1942 1944 1946 1948 1950 1952 1954 1956 1958 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

Sources: NCSL, Tim Storey 1 8 #4. VOTERS HISTORICALLY DISRUPTED Focused on COVID & ECONOMY… Sought Competence > Change

22 MOST DISRUPTED ELECTORATE SINCE 1968 In the 31 Presidential Election Years Since 1900…

Supreme Court Recessions Vacancies Sustained Mass Wars Pandemics Protests 11 9 8 6 2

Years with Two Super-Disruptors: 1972, 2004

Years with Three Super-Disruptors: 1932, 2008 White House Changed Years with Four Super-Disruptors: 1968, 2020 Parties

2 0 THE ISSUES: COVID & THE ECONOMY

Most Important Issue Facing the Country Most Important Issue to Your Vote

ECONOMY CORONAVIRUS 41% 35%

ECONOMY & RACIAL JOBS 28% INEQUALITY 20%

HEALTH CARE 9% CORONAVIRUS 17%

RACISM 7% HEALTH CARE 11%

LAW CRIME & ENFORCEMENT 4% SAFETY 11%

CLIMATE CHANGE 4%

ABORTION 3%

IMMIGRATION 3%

Source: AP Votecast (Country); Edison Research (Your Vote) 21 THE ADMINISTRATION’S POOR PANDEMIC RESPONSE SUNK THE PRESIDENT

Crises Define Leaders

55%disapproved of Pres. Trump’s handling of the coronavirus (47% strongly)

83% said the fed’l government’s response to the coronavirus was an

important factor in their vote (39% single most important factor)

22 Source: AP Votecast PANDEMIC PERCEPTIONS TURNED HEAVILY ON MEDIA PREFERENCES

Media Diets Massively Shaped Perceived Pandemic Reality

“The U.S. has controlled the “The U.S. has not controlled the outbreak as much as it could” outbreak as much as it could” If your only news comes from: 90 9

If your only news comes from: 3 97

Source: Pew Research, Oct. 7, 2020 23 ECONOMIC REALITIES SHAPED PERCEPTIONS

Are You Better Off Today Than Americans Face Two Very You Were Four Years Ago? Different Recessions Job growth (or loss) since each recession began, based on weekly earnings 2020 (Sept 14-28) 56%

2012 (Dec 14-17) 45%

2004 (Oct. 22-24) 47%

1992 (Oct. 23-25) 38%

1984 (July 27-30) 44%

Source: Gallup; Washington Post 24 #5. THE ELECTORATE IS NOT MONOLITHIC You Won’t Bring All Americans Together Until You Understand Them

25 DIVERSE AMERICANS ARE NOT MONOLITHIC Appeal to Them As Individuals

There is no “Hispanic Vote”… There Are Many Immigration & Civil Rights Matter Greatly, But Other Issues Matter Too

Vote by Family Heritage Top Issues for Americans of Color 0% 20% 40% 60% 80% 100% (American Election Eve poll) Cuban LATINO BLACK ASIAN Other country Coronavirus Coronavirus Coronavirus

Spanish pandemic pandemic pandemic (55%) (55%) (58%) South American Jobs & the Racial Jobs & the Other C. Amer. Economy Justice Economy Mexican (41%) (37%) (44%)

Puerto Rican Health care Jobs & the Health care costs Economy costs Dominican (32%) (34%) (37%) Salvadoran

Trump Biden Other

26 Sources: AP Votecast per WSJ; American Election Eve poll THERE’S A SIGNAL IN THE NOISE: MIND THE DISRUPTION

Why Did >73M Americans Vote to Reelect ? (Most are not deplorable racists brainwashed by Fox News & Facebook friends)

GLOBALIZATION

Concern that Fear the New Anger at “Political Profound Globalization Economy Is Leaving Correctness” / Elite Disagreement with Harms > Helps them Behind Condescension “Socialism”

Many Americans bemoan Many Americans feel Many Americans feel under Many Americans strongly the “hollowing out of the disrupted by the knowledge attack for being proud of disagree with the policies middle class” as economy; they see their “fly- their country & lifestyles offered by some on the businesses outsourced over states” getting left (God, guns & football) and Left (e.g. defunding the >2M U.S. manufacturing behind by the “super star” resent “elitist” condescension police, decriminalizing the jobs to China & low wage technology and investment by the media and liberal border, ending fossil nations via “free trade” elites on the Coasts politicians fuels, higher taxes)

27 STATE’S SCIENCE & TECH LEADERSHIP HIGHLY PREDICTIVE

21 of Top 25 States for Biden 21 of Bottom 25 States for Trump

RANK STATE RANK STATE RANK STATE RANK STATE 1 Massachusetts 11 Minnesota 26 Idaho 36 Alaska 2 Colorado 12 Connecticut 27 Indiana 37 Hawaii 3 California 13 Pennsylvania 28 Vermont 38 Nebraska 4 Maryland 14 New Jersey 29 Montana 39 Wyoming 5 Washington 15 N. Carolina 30 Kansas 40 Tennessee 6 Utah 16 Texas 31 Missouri 41 North Dakota 7 New Hampshire 17 Arizona 32 Alabama 42 South Dakota 8 Virginia 18 New Mexico 33 Florida 43 Maine 9 Delaware 19 Michigan 34 Iowa 44 Kentucky 10 Oregon 20 Illinois 35 S. Carolina 45 Oklahoma

21 New York 46 Nevada 22 Georgia 47 Louisiana 23 Rhode Island 48 Arkansas 24 Ohio 49 West Virginia 25 Wisconsin 50 Mississippi 28 #6. ANOTHER POLLING FAIL We’re Flying Blind: Pre- and Post-Election Misses

(How will you reach stakeholders if you don’t know who they are or where they stand?)

29 PRE-ELECTION POLLS SIGNIFICANTLY UNDER-COUNTED TRUMP SUPPORT

Presidential Poll Accuracy by State (vote totals as of 11am 11/13; All polls within 2 weeks of election)

President

Democratic margin underestimated 0 Republican margin underestimated Polled Democratic Margin Democratic Polled –

-10 Observed Democratic Margin Margin Democratic Observed

-20

Source: Ohio State political professor Tom Wood, @thomasjwood 30 NOT JUST TRUMP / PRESIDENTIAL: SENATE POLLING MISSED GOP VOTERS

Senate Poll Accuracy by State (vote totals as of 11am 11/13; All polls within 2 weeks of election) Democratic margin underestimated 0 Republican margin underestimated -0.4

-3.8 -3.7 -4.4

Polled Democratic Margin Democratic Polled -5.1 –

-6.4 -6.2 -7.2

-8.4 -8.8 -9.2 -9

-10 Observed Democratic Margin Margin Democratic Observed

-11.8

ME SC KS MT AL IA MI VA NC TX AZ MN CO

Source: Ohio State political professor Tom Wood, @thomasjwood 31 EVEN THE EXIT POLLS DON’T AGREE Large & Inexplicable Disparities Between the Two Competing Exit Polls

vs.

15,590 # of U.S. voters polled 110,485 WHO VOTED (Estimated Share of 2020 Electorate)

Sources (Linked): 65% (67%) White 74% Edison Research AP Votecast 13% Latino / Hispanic 10%

Shows Initial data 22% 65+ (seniors) 27% published 11/4 and 34% (35%) White No College 44% (italics = adjusted data published 11/10 if different from initial) HOW WE VOTED Trump +1 (B+9) White Women College+ Biden +20 Trump +12 Household Income >$100k Biden +4 Biden +60 African American Men Biden +75 Biden +3 (B+2) Suburban Biden +10

32 #7. WHAT TO EXPECT IN 2021 Challenging Politics, Challenging Times

33 SENATE CONTROL DETERMINED IN 2 GEORGIA RUNOFFS 1/5/21

Results of Major Statewide GA Races Since 2000

YEAR PRESIDENT SEN. SEAT 1 SEN. SEAT 2 GOVERNOR LT. GOV SEC. STATE

2020 49.5% 49.8% 48.5% (all Rs) 2018 50.2% 51.6% 51.9% 2016 50.4% 54.8% 2014 52.9% 52.7% 58.0% 57.5% 2012 53.3% 2010 58.3% 53.0% 54.5% 56.2% 2008 52.2% 57.4% 2006 57.9% 54.1% 54.1% 2004 60.0% 57.9% 2002 52.8% 51.3% 51.9% 61.1% 2000 54.7%

34 Source: Wikipedia; Ballotopia FIRST NEWLY-ELECTED DEMOCRAT WITHOUT A D-LED SENATE SINCE 1884

1ST TERM SENATE HOUSE DEMOCRATIC MAJORITY MAJORITY YEAR PRESIDENTS PARTY PARTY 2020 Biden GOP* DEM 2008 Obama DEM DEM 1992 Clinton DEM DEM 1976 Carter DEM DEM 1964 Johnson DEM DEM 1960 Kennedy DEM DEM 1948 Truman DEM DEM 1932 FDR DEM DEM 1912 Wilson DEM DEM 1884 Cleveland GOP DEM 1856 Buchanan DEM DEM 1852 Pierce DEM DEM

Source: Author’s calculations; *Assumes Democrats don’t win both GA Senate runoffs 1/5/21 35 SMALLEST DEMOCRATIC MAJORITY IN HOUSE SINCE 1879-81 Democratic Party Margins in the U.S. House, 1875-2021 250 246 219 Democratic Majorities 200 196

157 155 152 147149 150 129 121

105 103 100 100 94 93 92 91 82 81 85 82 79 75 79 68 73 61 55 51 51 51 50 41 36 36 34 29 29 31 15 9 13 9 0 -1 -2 -8 -12 -7 -18 -23 -19 -24 -27 -26 -31 -26 -50 -32 -33 -49 -47 -48 -44 -49 -47 -56 -58 -64 -59 -100 -82 -106 -116 Republican Majorities -150 1879-81 1943-45 -161 -171 -200

36 Source: House; Assumes 222 D – 213 R in 117th THE POLITICS: HOW MUCH CAN GET DONE IN 2021?

THE CASE FOR MORE THE CASE FOR LESS Top 3 leaders are Deal Makers with Wings of parties oppose “dealing with 113 years combined experience the enemy,” preferring causes to compromise Crises (COVID & economy) demand Pandemic has become Partisan, cooperation & agreement economic needs debated

Moderates in both parties want Ideologues in both parties want progress on problems “purity”

Senate GOP & House Dem Politicians who compromise are more Majorities At Risk in purple likely to face Primary Challenges states & districts from the fringes of their parties 2022 Senate Races

Mainstream Media will paint Social Media will paint compromise compromise as courageous as treachery

37 KEY BIDEN ATTRIBUTES & CONSIDERATIONS

It’s Possible That Only He Can Fix It 1. He’s a Legislator more than an Executive (very comfortable cutting deals)

2. He’s Party Centrist more than an Ideological Moderate (willing to compromise with anyone)

3. He’s an Institutionalist (with great respect for the people, processes & protocol that make government work)

4. He retains an Optimistic view of the GOP (works well with Sen. McConnell, believes there are more Howard Baker / Bob Doles out there)

5. He’s a Transitional figure and he knows it (trying to govern well rather than lead a revolution)

38 #8. BOTH PARTIES IN TRANSITION Historic Uncertainty about the Parties’ Future Leadership & Direction

39 SOME GOOD NEWS: MOST EVER REPUBLICAN WOMEN IN THE U.S. HOUSE

30 Number of Women in the House Republican Conference (1917-2021) 29

25

20

15

10

5

0 91st 81st 71st 94th 95th 96th 97th 98th 99th 84th 85th 86th 87th 88th 89th 90th 74th 75th 76th 77th 78th 79th 80th 65th 66th 67th 68th 69th 70th 93rd 83rd 73rd 92nd 82nd 72nd 101st 100th 104th 105th 106th 107th 108th 109th 110th 111th 112th 113th 114th 115th 116th 117th 103rd 102nd

Source: Rutgers Center for American Women & Politics 40 THE FIVE FACES OF THE GOP, 2021+

The Republican Civil War for the Future

GOP NEW DEAL- NEW NEW TRUMPISTS REFORMERS MAKERS REAGANITES #RESISTANCE Be Competent We Came to Take Back the It’s Trump’s MOTTO & Non-Partisan Govern Right Nationalism Party (he can tweet if he wants to)

Gov. Hogan (MD) Collins Rubio Cotton Pres. Trump LEADERS Gov. Baker (MA) Murkowski Sasse Cruz VP Pence Gov. Scott (VT) Romney Toomey Hawley Trump Family • Most popular U.S. • Legislate to • Reformicons: • Control the border • DJT made America governors are Blue solve problems • Free enterprise + • Fight political great… only he PHILOSOPHY State GOP • Democrats are Future of Work correctness can fix it again • Socially moderate the opposition, • Limited gov’t + • End unfair trade • Democrats, Big • Fiscally conservative not the enemy Modern safety net deals, put America Tech & Media stole • Pragmatic problem • Strong defense first election solvers

Core Challenge: Republicans have won the popular vote for President once since 1988.

41 DEMOCRATS: INCREMENTALISM OR AGGRESSIVE PROGRESSIVISM? The Democratic Civil War for the Future PROGRESSIVES MODERATES

HEALTH CARE

ENERGY & ENVIRONMENT

TAX

TECH & TELECOM

CIVIL RIGHTS

IMMIGRATION

42 #9. MACRO TRENDS THAT MATTER Regardless of Washington, Big Changes Are Coming, All Around the World

43 CONTEXT: KEY MACRO TRENDS

PANDEMIC TECHNOLOGY GEOPOLITICS CULTURE POLITICS DOMINATING 2021 ACCELERATION DEGLOBALIZATION HYPER-ACTIVISM REALIGNMENT . Global infections . Accelerating 4th . Soft Power Vacuum . BOTH left & right . Both parties peak in winter; Industrial Revolution (neither U.S. nor energized by 2020 face Civil Wars U.S. lacks Hyper-Digital China trusted); election, anger & future-defining testing / tracing / Transformation hits Nationalism > amplified on cable identity crises masking eds, meds & Feds Globalism & social media

. Recovery . Ongoing Techlash . U.S.-China . TRUST deficit . Reform era undermined by drives policy in Decoupling on tech, exacerbated accelerated, mistrust/fear Congress, agencies, “critical” goods & (government, anchored by (masks, vaccines), states & global sectors media, elections, need for state deficits & medicine) resilience inequality economy

44 GEOPOLITICS: NEW WORLD ORDER TAKING SHAPE

Great Power Rivalry Returns Multilateralism Remade FRENEMIES  ENEMIES NEW MISSIONS, MANDATES, MODELS

Competing Alliances Competing Technology Market Access as a Weapon Growing Military Frictions

Cross-Border Flows Slow Trade Economics Disrupted REDUCED RATE OF GROWTH IN: TECHNOLOGY: DATA Automation, 3D GOODS printing reduce the PEOPLE need CAPITAL NATIONALISM: KNOWLEDGE Industrial policies changing the math 45 #10. RECOMMENDATIONS Engaging Washington in the Biden Era & Reasons for Faith in America

46 TIMETABLE: THE NEXT ~780 DAYS IN BIDEN’S WASHINGTON

Lame Duck & Transition First 100 Days First 2 Years (Nov-Jan 5th) (Jan 20-Apr 30) (Jan 20 – Midterms) • Recounts & Lawsuits • Inauguration & • 2022 Midterms (both small Majorities at risk, many primaries?) POLITICS • Leadership Elections • Intra-Party Civil Wars • 2024 race begins (Will Biden • GA Senate runoffs • Temporary return of civility run again? Will Trump? • Transition planning • Fill Cabinet, White House & • New Normal (4,013) • Trump Lame Duck: EOs, Executive Branch jobs -Chaos  Calm PROCESS deals, purges & pardons, “midnight” • House will pass many bills that -Aspirational  Practical regulations (no CRA), sanctions die in the Senate -Throw for TDs  Run for 1st D’s • “Lame Duck” Session • 1st Trip abroad -Intra-Party deals  Inter-Party • McConnell controls floor

• COVID stimulus • Reverse Trump EOs / Regs • Increased oversight (pandemic profiteering, systemic failures, tech, health) POLICY • FY21 funding • Rejoin Paris, WHO, COVAX • Post-Trump reforms (eg Hatch • Nat’l Defense Auth. Act • COVID & economy dominate Act; Presidential tax returns, etc.)

• Health, tax “extenders” • Bipartisan Issues (e.g. Big Tech, China, infrastructure) 47 Source: Mehlman Castagnetti analysis RECOMMENDATION: STRATEGY FOR ENGAGING WASHINGTON IN 2021

Employer engagement may hold the key: ALIGN ON • Bipartisan coalitions succeeded in 2015-16: ISSUES • TSCA reform • 21st Century Cures Act • FAST Act (infrastructure) • Trade Promotion Authority

EDUCATE INNOVATE Successful efforts require: EVERYONE ARGUMENTS • Partnering with stakeholders on problems & solutions • Working with high-impact NGOs & policy makers on both sides, aligning issues with values • Running persistent, bipartisan, surround sound campaigns

Business leaders expected to step up: • On issues of global & national concern SEEK ALLY WITH • Employees, customers, investors & activists looking SURROUND KEY STAKE- for C-Suite leadership SOUND HOLDERS

48 REASONS FOR HOPE FOR THE FUTURE Reports of the Death of Our Democracy Are Greatly Exaggerated No Foreign Interference No Evidence of Fraud Max Turnout, Not Intimidation No Violence GOP Senator: No evidence of Fraud in PA

Our System of Checks & Balances Held, Limiting President Trump as It Will President Biden The Arsenal of Democracy

49 For future slides: [email protected]

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