Billionaire Democrat Megadonor Bill Ackman Calls for Biden to ‘Step Aside’

Democratic Party megadonor Bill Ackman is calling for President Joe Biden to “step aside” for another candidate in the critical 2024 election.

Ackman argues that the Democrats need to replace Biden if the party wants to stand a chance against President Donald Trump in the presidential election.

The billionaire hedge fund manager made the call during a recent appearance on Bloomberg Television’s “The David Rubenstein Show: Peer-to-Peer Conversations.”

During the interview, Ackman questioned Biden’s current “intellectual” capacity.

Ackman even went so far as to say that he would be “more open” to voting for a Republican candidate in 2024 than to voting for Biden, should Biden continue to pursue reelection.

To help put Ackman’s remarks into perspective, it has to be noted that he has been a supporter of Biden.

During the Bloomberg interview, for example, Ackman said, “Biden’s done a lot of good things.”

So, Ackman’s argument is not that Biden ought to forego reelection because he has been a bad president.

Rather, Ackman’s argument seems to be that Biden does not have the capacity to effectively lead the country for another term.

Referring to Biden, Ackman told Bloomberg, “I think his legacy will not be a good one if he is the nominee.

“The right thing for Biden to do is to step aside, and to say he’s not going to run, and create the opportunity for some competition.”

Later in the interview, Ackman added, “You need to be at your intellectual best, and I don’t think Biden is there.

“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.”

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If you have been following 2024 polls and 2024 reporting, then it is likely that you know that Ackman is not alone in his opinion.

There are many Democrats who believe that the party, in 2024, ought to head in a direction other than Biden.

ABC News recently reported:

Three-quarters of Americans (74%) said Biden was too old to run for another term in a survey conducted by ABC News and the Washington Post in September.

But, age – and the decreased capacity that comes along with age – is not the only problem that Americans have with Biden.

The truth is that, at the moment, it is hard to find a poll that is favorable for Biden.

This has led to serious concerns, within the Democratic Party, about Biden’s chances of winning in 2024, regardless of who the Republican nominee will be.

But, the question is: “If not Biden, then who?”

This is the Democrats’ 2024 problem.

Ackman pointed to Rep. Dean Phillips (D-MN).

However, polling, thus far, does not suggest that Phillips – or, for that matter, anyone else – can really challenge Biden, which is why some, like Ackman, are calling for Biden to “step aside.”

READ MORE – Ex-CNN Star Chris Cuomo Open to Voting for Trump in 2024: ‘No Greater Risk to America than Biden’

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By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

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