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Nervous Democrats Point to Three Flaws in Biden Campaign

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Nervous Democrats Point to Three Flaws in Biden Campaign

Author: Greg Valliere

September 14, 2020

JOE BIDEN MAY BE THE SHAKY FRONT-RUNNER, but if Donald Trump defeats him, the recriminations among Democrats will be vicious. In fact, the second-guessing has already begun.

WE’VE SPOKEN TO DEMOCRATS who are dismayed by the Biden campaign’s sluggishness in general, and there are three issues in particular that they point to:

1. Biden’s inexplicable lack of outreach to Hispanic voters: We ranted in August that Hispanics were virtually invisible at the Democrats’ convention, and a shocking new survey in Florida shows the push-back. Trump and Biden are roughly tied in
Florida among Hispanics; Hillary Clinton won this key constituency by about 27 points in 2016.

Biden finally will visit Florida tomorrow and he still could win there — largely
because Mike Bloomberg will dump $100 million in the state, and senior citizens
disapprove of Trump’s handling of the pandemic. But Hispanic activists simply aren’t
excited about Biden; he has ignored them and their issues, which could be a very big negative in Florida, Arizona, Nevada and several other states.

2. A lack of enthusiasm among progressives: The Washington Post reported this weekend that Bernie Sanders is grumbling about Biden’s reluctance to embrace liberal issues such as a minimum wage hike, more health care benefits, bans on fracking, student loan relief, etc.

Sanders is also perplexed by the Biden campaign’s lack of outreach to younger voters, who don’t like Trump but have little enthusiasm for the former vice president. “Most 20-year-olds don’t know who Joe Biden is,” a nervous Democratic operative told us.

3. Biden’s silence on pandemic aid: The country’s crucial economic issue is that more stimulus is needed; the Federal Reserve is urging more spending. and Trump is too. But Nancy Pelosi has dug in her heels, refusing to consider half a loaf, to the dismay of many Democrats in Congress.

Many small businesses can’t hang on much longer, evictions are increasing, and bankruptcies loom, yet Biden — who boasts that he can reach compromises with Congress — has not intervened.

WE STILL THINK THE SEPT. 29 PRESIDENTIAL DEBATE will be pivotal, and we still make Biden the shaky front-runner. But he needs to shift into another gear — Trump has. The president will do anything to win; jamming people into indoor rallies doesn’t concern him in the least. Biden, meanwhile, hasn’t energized Hispanic and progressive voters, and that’s not a good place to be in mid-September.


The views expressed in this blog are those of the author and do not necessarily represent the opinions of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies.

The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

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©2021 AGF Management Limited. All rights reserved.

Written by

Greg Valliere

Greg Valliere

Chief U.S. Policy Strategist

AGF Investments

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