Biden will pull out of presidential race over poor health, top JPMorgan strategist predicts.
Michael Cemblast has made ten ‘”surprise” predictions for 2024, and number three on the list is his hunch on President Biden abandoning his hopes for a second term in office.
He added that Mr Biden will withdraw after Super Tuesday when the majority of states hold primary elections and caucuses.
After blaming poor health for the decision, Mr Biden will let the Democratic National Committee decide who steps in for him for the 2024 election, Mr Cemblast said.
The JPMorgan heavyweight added: “Biden has a low approval rating for a President with ~10 percent job creation since his inauguration, although that figure is the by-product of his inauguration coinciding with the rollout of COVID vaccines and a reopening US economy.”
Mr Cemblast also believes that the President’s poor polling will play a big role in his decision.
A recent survey by the New York Times and Siena College in November found that just 37 percent of people say they trust Mr Biden with the economy.
Speculation around Mr Biden’s state of mind raised its head again this week after Mr Biden seemed confused while on stage at Valley Forge in Pennsylvania.
First Lady Jill Biden had to run on stage and lead her 81-year-old husband away.
