President Joe Biden is facing speculation from Stifel, with a 40% chance that he will not seek reelection. The firm’s chief Washington policy strategist, Brian Gardner, believes that it is a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. Despite this uncertainty, Gardner also noted that there is a 60% chance that Biden will stay in the race. He emphasized Biden’s tendency to prove skeptics wrong and dig in his heels when faced with pressure to withdraw from the race.
Gardner highlighted the challenges that Democrats face in convincing Biden to drop out of the race. While there may be concerns about the president’s age and recent debate performance, Gardner believes that Democrats lack the leverage to force Biden out of the race. He argued that it is unrealistic to expect a significant portion of Biden’s supporters to turn against him and refuse to nominate him as the Democratic candidate.
Recent polling data and shifts in financial markets indicate a changing sentiment that may favor former President Donald Trump. However, if Biden chooses to remain in the race, Gardner suggested that the Democratic Party could still achieve a positive outcome. He noted that there is a segment of voters who are unlikely to support Trump under any circumstances, which could work in Biden’s favor.
President Joe Biden’s reelection prospects remain uncertain, with conflicting views on whether he will choose to run again. Despite challenges and concerns about his candidacy, there is still a possibility of a favorable outcome for the Democratic Party if Biden decides to continue his campaign. The coming weeks will be crucial in determining the direction of Biden’s reelection bid.