Will Joe Biden Run Again? Jill Biden Says Yes
Author: Greg Valliere
December 9, 2022
FIRST LADY JILL BIDEN MADE THAT CLEAR last week at the state dinner for French President Emmanuel, reportedly telling Brigitte Macron that Biden will seek re-election. Someone privy to the conversation subsequently leaked the details to the New York Times.
WE THINK BIDEN HAS NOT MADE A FINAL DECISION because there are several reasons why he shouldn’t run —
* Biden’s agenda will be dead in the conservative House, which is planning several high-visibility hearings into issues such as Covid, illegal immigration at the Texas border, the U.S. departure from Afghanistan, and — of course — Hunter Biden’s arms deals.
* The Senate is virtually certain to flip to the Republicans in 2024. The GOP has no vulnerable seats while the Democrats have at least a half dozen shaky incumbents.
* And most importantly, there’s the age issue — if Biden won a second term, he theoretically would be leaving the White House at the age of 86. It’s a stressful job that takes a toll.
WE HAVE BEEN OUTSPOKEN THAT BIDEN will not seek a second term, largely because of widespread concerns we hear from members of both parties over what they perceive as Biden’s increasing frailty.
BUT BIDEN HAS HAD A GENERALLY SUCCESSFUL second year, winning passage of huge new stimulus, unifing NATO over Ukraine, and leading the Democrats to a solid election showing on Nov. 8. This reportedly has energized him.
BIDEN ALWAYS HAD A STUTTERING PROBLEM, and he was infamous for decades for his verbal gaffes, so he’s always been like this. Has his condition notably deteriorated? Perhaps not.
SO WHAT JILL BIDEN TOLD THE MACRONS probably was correct — the President wants a second term. It’s inconceivable to us that the country could have an 86-year-old president, especially without an obvious successor, but for now Joe Biden is the frontrunner for a second term.
Please check out my piece – Four Geopolitical Hotspots that Could Impact the Markets in 2023 – which is in this week’s outstanding AGF’s annual forecast report – Outlook 2023: The Return of Normal.
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.
For further information, please visit AGF.com.
©2023 AGF Management Limited. All rights reserved.
