Posted on 07/21/2024 5:51:51 PM PDT by lasereye
President Joe Biden has dropped out of this year's presidential election race, the White House said Sunday, and endorsed Vice President Kamala Harris to represent the Democratic party against Republican frontrunner Donald Trump.
"It has been the greatest honor of my life to serve as your President," Biden said in a message from his verified account on the X social media platform.
"And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term."
Biden, 81, has seen his campaign for reelection falter significantly over the past four weeks, with calls for him to step aside accelerating quickly after his disastrous performance in last month's debate against former President Trump.
Trump, 78, who was already leading in national polls, and holding modest gains in key swing states, saw his approval ratings and support surge last week following a failed assassination attempt during a campaign rally in Butler, Pennsylvania.
Biden, who had insisted he would stay in the race and beat his Republican rival, contracted Covid for a third time last week, as well, forcing his isolation at his beach home in Rehoboth, Delaware.
Senior figures in the party lined-up to endorse Harris for President, including former President Bill Clinton and his wife, former Secretary of State Hilary Clinton, who lost the 2016 election to Trump by the narrowed of margins.
“Harris will have a real chance to sell herself to the American public in the second presidential debate, currently scheduled for September 10, although the Trump campaign could withdraw, not wanting to go toe-to-toe with the ex-attorney,” said analysts at Capital Economics.
Republican House Speaker Mike Johnson, meanwhile, has called for Biden to immediately vacate the office of President, saying in a statement that "if he is not fit to run for President, he is not fit to serve as President".
Biden's decision, says Gina Bolvin of Bolvin Wealth Management Group in Boston, could trigger "a whole new level of political uncertainty".
"This may be the catalyst for market volatility that is overdue," Bolvin said.
Biden's decision, says Gina Bolvin of Bolvin Wealth Management Group in Boston, could trigger "a whole new level of political uncertainty".
"This may be the catalyst for market volatility that is overdue," Bolvin said.
"Some will see markets as having already priced in the news given the extent to which pressure had been building in the last couple of weeks and yet others will view this as constituting a short-term distraction for markets at best," he added.
"All this is to say that there is genuine uncertainty on how markets will – AND should – react to the news," El-Erian said.
U.S. stocks closed firmly lower Friday, extending Wall Street's recent selloff to a third consecutive session, amid rising geopolitical risks and the fallout from last week's global IT disruptions.
The S&P 500, which ended its worst week since March, fell 39.5 points, or 0.71%, while the Nasdaq ended 144 points lower, or 0.81%, to extend its five-day decline past 4%.
But this bit of idiocy is my main reason to post this:
“Harris will have a real chance to sell herself to the American public in the second presidential debate, currently scheduled for September 10, although the Trump campaign could withdraw, not wanting to go toe-to-toe with the ex-attorney,” said analysts at Capital Economics
I wonder if this signals that a media theme will emerge that Trump may drop out of the debate, since Harris is such a sharpie. Be on the lookout for that.
Another idiotic thing is that a single person must have said that, yet it attributes it to "analysts", like a bunch of experts reached that conclusion.
Trump could get out in front of it “I’ll debate Joe’s second in command in September, no problem”
The RNC/Trump needs to quickly tie the border zar to Bidens failures.
I guess this author watch none of Kammy’s 2019-2020 Democrat Primary debate performances
Already out this afternoon:
Trump team already has an ad against Harris. pic.twitter.com/g8B6x48Jwk— Mary Rooke (@MaryRooke_) July 21, 2024
“I posted this useless article as an example of the idiocy we have come to associate with mainstream media.”
This morning I watched a few minutes of Face the Nation at the gym. I never watch it. Mike Lee was on discussing the Trump assassination attempt. He was listing the Secret Service failure; the reporterette was trying her dead level best to turn the discussion to gun control and mass shootings. Those are the media ordered talking points regarding the incident. It was totallly obvious what she was doing.
well there ya go.. Just missing her kackle at the end.
Shapiro is being talked up as VP.
But , I think he will wait until 28.
I would give anything to see the look on Joe’s face when he gets back from Dairy Queen.
Trump could just walk on stage, say "Where's Joe?" and walk off...let VP take it.
...he doesn't need to go toe-to-toe with camelJoe. She wasn't the elected dem candidate.
Time to stop playing THEIR game.
good summary.
Well looking at the map the
If Trump wins PA, it is game over for the Dems even if they win MI and WI
GA does not look in play. so paint the red states red and the blue states blue and the “blue wall” is PA-MI-WI
If Trump wins PA, the Dems can win MI and WI and still lose.
If the Dems win PA, Trump has to win both MI and WI to win.
That’s depressing!
Don’t let it depress you.
Trump did it in 2016. No reason he can’t do it in 2024. Biden always had this weird connectivity with blue collar Dems. Yet things are so bad Dems know they are losing. That why Biden is out.
This is probably why Trump picked Vance. He going to be attractive to working class voters in PA, MI and WI who vote Dem because they believe the GOP is “the party of the bosses and Wall Street”
Shapiro would hurt the Muslim vote in MI.
I assume you’re putting VA in Harris’ column. Which is probably right.
That is a good point. I am so use to Dems voting for whom ever their political masters tell them to I forget the Muzzies are not as tame a voting block
For ease of projection, I put all the blue states blue but VA is looking good right now. However I am use to Demns returning to their party bosses at the ballot box, so that the assumption I am working from
They don’t dare. Michigan will go up in flames.
Futures are up tonight.
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