The election of 2016 will be the 58th quadrennial presidential election. It will be held on Tuesday, November 8, 2016. President Marco Rubio will be term-limited and ineligible for a third term. Election. The most popular President in modern American history was to be replaced on this night, two of the most clearly different candidates had been chosen by both major parties. The Democrats nominated Governor Barack Obama of Illinois, the Republican Party however nominated American Businessesman and entrepenuer, Donald Trump. October Surprise - Election Day - Results -