Political analysts at Stifel have raised concerns about President Joe Biden’s chances for reelection in the next presidential race. According to Brian Gardner, the firm’s chief Washington policy strategist, there is a 40% likelihood that Biden will not seek reelection. This perspective comes as a significant development in the political landscape, as Congress resumes its activities post the Fourth of July holiday.
As Congress reconvenes, Gardner points out that this week will be crucial for President Biden’s campaign. He believes that there is a 60% chance that Biden will choose to stay in the race, despite the growing calls from some within the Democratic Party for him to step aside. Gardner notes that Biden is known for defying expectations, especially when faced with pressure from party elites to withdraw from the race.
Despite the concerns raised by some Democrats about Biden’s ability to secure a second term, Gardner highlights the lack of leverage that these individuals have in influencing the President’s decision. While they can offer advice and try to persuade Biden to consider stepping down, ultimately, the decision lies with him. Gardner dismisses the idea that a significant portion of Biden’s supporters would abandon him if he remains in the race.
The ongoing debate about Biden’s age and recent poor performance during a debate in June have added to the doubts surrounding his reelection prospects. Polling data and financial market trends are now indicating a growing preference for former President Donald Trump as a potential candidate. However, Gardner suggests that Biden still has a chance of securing a favorable outcome if he stays committed to the election race.
President Joe Biden’s reelection chances are currently under scrutiny, with conflicting opinions from political analysts. While some believe that Biden may opt out of the race, others argue that he could still emerge as a strong contender for the Democratic Party. As the political landscape continues to evolve, only time will tell whether President Biden will seek another term in office or pave the way for a new candidate to enter the race.