The result is too close to call, and could even be a tie that will make for edge-of-the-seat election viewing. By any standards, November 7 promises to be a thriller.
A US president is chosen not in a single nationwide election, but as a result of 51 separate elections in each state and the District of Columbia, in which a majority is enough for outright victory. Americans don't vote directly for a candidate, but for a slate of special electors in each state, chosen by the party. These electors, 538 in number, make up the electoral college that in early January will either reconfirm Barack Obama as the 44th president, or install Mitt Romney as the 45th. Beyond that, everything is up in the air.
Landslides of the Eisenhower or Reagan variety are a thing of the past. In the modern polarised and almost equally divided America, 2008 may prove as close as we come when, in circumstances ideal for a Democrat, Obama won by 53 per cent to 47 per cent in the popular vote, by 28 states (and DC) to 22, and by 365 to 173 votes in the electoral college.
By contrast, George W. Bush's win in 2000 came down to 537 votes in Florida, and just four votes in the electoral college, one more than the minimum needed. Overall, he lost the national popular vote to Al Gore by 544,000 votes. Four years later, had just 60,000 people in Ohio voted for John Kerry instead of Bush, Kerry would have become president.
This time around could be as close or closer than 2004 and even more controversial.
Perhaps the electoral college this time will fulfil its most valuable function, translating a narrow edge in the popular vote into a clear majority of electoral votes. But it may not be so simple. Consider a few scenarios. The most straightforward is where a candidate wins the popular vote but is defeated in the electoral college. Even before 2000, that had happened three times. Were that to happen, the most likely beneficiary would be Obama, on the plausible assumption that he is soundly defeated by Romney in the red states, loses votes in safe Democratic states, but squeaks through in just enough of the hotly contested swing states to win. In that case, justice of a sort would be done, after Bush's win in 2000. There would also be fresh demands that the electoral college be scrapped but with no greater likelihood of success than before.
More contentious would be a repeat of Gore/Bush, where close results in at least one state or more prompt legal challenges. The Florida impasse 12 years ago came as a shock, but this time both sides are "lawyered up". Indeed electoral litigation, over issues like provisional voting and voter ID requirements, has already far exceeded pre-2000 levels. Any serious dispute is likely to end up in the courts.
Most intriguing of all, and here we enter the realm of what Italians call fantapolitica, is where one candidate, say Obama, carries the popular vote, but manages only a tie in the electoral college. The election would be decided by the ferociously partisan House of Representatives, where each of the 50 state Congressional delegations would have a single vote. Suppose the Democrats win a tiny overall majority in the House, but 27 of the delegations are majority Republican, and thus supporters of Romney. Obama would be denied a second term by a double distortion, first in the electoral college, and then on Capitol Hill.
And the fantapolitica doesn't end there. In the event of a tie, the vice-president is chosen by a Senate vote. Imagine the Democrats retain a paper-thin majority in the Senate. Then Joe Biden would be elected vice-president. Welcome to the Romney/Biden administration, truly a match made in heaven.
A tie is extremely unlikely but not inconceivable.There are 50 states, but in most the result is a foregone conclusion. At this stage perhaps only eight, are "in play", visited every other day by the candidates. Of these, the most vital is Ohio, and its 18 electoral votes. No Republican has won the White House without it; but without Ohio and Florida, which seems to be edging towards Romney, Obama has virtually no margin for error. But the eight offer various arithmetical paths to a 269-269 split of the electoral college vote.
Arcane stuff, but what excitement it promises on the night. In 1980, Jimmy Carter conceded defeat to Ronald Reagan an hour before the polls had closed on the West Coast. That won't be happening this time. Indeed, we may not know the result until November 8, or even later.