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In the 1980 Presidential Election, the Democratic nominee - incumbent President Jimmy Carter narrowly defeated Republican nominee, Former California Governor Ronald Reagan, by an extremely slim margin of 271-267 in the electoral college, while losing the popular vote by a .5 margin; largely on the back of Carter's so called "October Surprise" (his successful series of negotiations with the Iranian government that led to the release of the hostages; giving him a massive boost and derailing Reagan's momentum).

What would have happened had Reagan won the election? what would have happened?
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