Staff Reports
President Joe Biden’s re-election prospects aren’t looking too great, according to a key strategist from JPMorgan. Michael Cembalest, chairman of market and investment strategy for J.P. Morgan Asset & Wealth Management, has suggested that Biden might drop out of the race for “health reasons” sometime between Super Tuesday and the November election. While Cembalest did not outright predict Biden’s withdrawal, he pointed to the president’s abysmal approval ratings and disappointing job creation record as reasons for concern.
Top JPMorgan Strategist Predicts When Biden Will Drop Out of 2024 Election via @WestJournalism https://t.co/WfLEyageLx
— Beri (@sniffydogs) January 9, 2024
These doubts are not unfounded, considering Biden’s numerous failures and his increasingly questioned mental capacity. Experts and even members of his own party have expressed skepticism about his re-election campaign, with some calling it a “five-alarm fire” and a “cardiac case in need of a defibrillator.” The big question remains: who would replace Biden on the November ballot? The Democrats don’t have a backup plan, and Vice President Kamala Harris may not be appealing to voters either. Only time will tell if Biden will drop out, but it’s definitely a possibility worth considering.
