Well. July 4, 2020. This is a strange time. I have known none stranger. Granted, in geologic terms, I have scarcely been here for the blink of an eye, but still. Strange times. Anyway, there has been a long-running theme in my commentaries on democracy in this country, and I won't rehash them in long form because there is no need. The short version, relevant for today's commentary, is that I have not been very sanguine about the state of democracy in America. Specifically, I have been predicting very bad things about the 2020 election. Until the coronavirus outbreak, the economy was chugging along beautifully, putting Trump on the glide-path to reelection. However, the pandemic and economic collapse have changed a lot. Right now, in a free and fair election, the odds would tilt against him. How strongly? That's hard to say. We don't have a lot of precedent here, but Q2 GDP will be terrible, and plugging that...