Will Kamala Harris Stay on the Ticket?
Author: Greg Valliere
February 14, 2023
HARRIS HAS NOT RECEIVED HIGH GRADES: Detractors believe she has not shown the gravitas required to become president, while her supporters argue that she hasn’t been given any major assignments other than the Texas border crisis — and who would want that job?
WHO KNOWS WHETHER BIDEN THINKS he made a mistake picking Harris — but there’s little doubt that he will have to keep her. So there will be a drive within the administration to give her more visibility.
BIDEN HAS TO KEEP HER, most insiders agree, because African-Americans and women — two of the party’s dominant factions — would rebel if Harris is replaced. If Biden decides this spring not to run for re-election, Harris would be the early front-runner for the nomination in a very crowded field.
BIDEN WEIGHS MAJOR DECISIONS very slowly, and he has canvassed his closest supporters about Harris. Jill Biden reportedly is cool to Harris, and other insiders are lukewarm. But they all agree — dumping her would be a public relations disaster.
DEMOCRATS KNOW THAT BIDEN’S AGE will be a major issue in the 2024 campaign. If Donald Trump, now 76, is the GOP nominee, that would lessen the age issue. But if Ron DeSantis, 44 years old, heads the Republican ticket, Biden would face non-stop questions about his age and whether he could serve for another four-year term. That would put Harris in the spotlight.
BIDEN THUS NEEDS A RUNNING MATE who could become president at a minute’s notice. Whether Harris meets that requirement remains to be seen. But there’s little chance that Biden would remove her — it wouldn’t help him on the age issue and would backfire within the party. We think the odds are 80-20 that Harris will stay.
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.