Billionaire hedge fund manager Bill Ackman believes President Biden should resign after one term, saying the 80-year-old is past his “peak.”
“I think Biden has done a lot of good things. But I think his legacy will not be good if he is the nominee,” Ackman, head of Pershing Square Capital Management, told Bloomberg News.
“I think the right thing for Biden to do is step aside, say he’s not going to run, and create the opportunity for some competition.”
Ackman, whose net worth is valued by Bloomberg at $2.3 billion, said a president needed to be “in [their] the best intellectual.”
“And I don’t think Biden is there,” he said.
Ackman isn’t the only Wall Street titan considering alternatives to the incumbent.
Billionaire hedge fund manager Bill Ackman thinks President Biden should step aside. REUTERS
Jamie Dimon, CEO of JPMorgan Chase, said Wednesday that liberal Democrats should contribute to and help former South Carolina Gov. Nikki Haley’s campaign.
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Biden, who has made several public gaffes and was photographed falling and losing his balance on numerous occasions, has faced questions about his mental acuity, stamina and ability to withstand the rigors of the job.
Despite apparent signs of slippage, Biden intends to be the Democratic nominee.
However, recent polls show Biden trailing former President Donald Trump.
Ackman had good things to say about Biden’s Democratic challenger, Rep. Dean Phillips, the 54-year-old lawmaker who won a hotly contested swing district in Minnesota.
Ackman, 57, said he was “impressed” by Phillips, who also asked Biden to step aside.
Ackman, who has donated to Democrats in the past, added that he was “much more open to Republican candidates” and mentioned Haley and former New Jersey Gov. Chris Christie as alternatives.
The billionaire investor was unimpressed with insurgent candidate Vivek Ramaswamy, the biotech mogul who has taken a more isolationist stance than traditional GOP contenders.
Biden, 80, trails former President Donald Trump in recent public opinion polls. AFP via Getty Images
“He’s just been too far to the right,” Ackman said of Ramaswamy. “I’ve been a little disappointed by his geopolitics.”
Ackman said he himself would consider running for office if the public wanted him.
“If the country wanted me at some point, you know, I would be open to it,” Ackman told Bloomberg.
“It’s something the country should ask me instead of exposing myself.”
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Source: vtt.edu.vn