Billionaire hedge fund manager Bill Ackman recently suggested that President Joe Biden should not run for reelection, stating that he is not at his “intellectual best” and that he is more open to Republican candidates.
Ackman’s opinion is significant due to his influence as a well-respected investor.
He also expressed support for Rep. Dean Phillips as a potential 2024 candidate, which could pose a challenge for Biden. (Trending: Disgraced Democrat Sued For Sexual Assault)
Billionaire investor Bill Ackman said President Joe Biden risks tarnishing his political reputation by seeking a second term and he should "step aside."
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“I think Biden’s done a lot of good things,” Ackman said.
“But I think his legacy will not be a good one if he is the nominee.”
“I do think the right thing for Biden to do is step aside, and to say he’s not going to run, and create the opportunity for some competition.”
“You need to be at your intellectual best. And I don’t think Biden is there,” Ackman added.
“I don’t say that, you know, with any derision of the president. But I think he’s clearly past his physical and cognitive peak.”
Ackman is known for issuing strong opinions on political topics, including demanding Harvard release the names of students who signed a pro-terror statement and advocating for a public debate on the safety and efficacy of coronavirus vaccines.
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