Biden faces fresh pressure to drop out of the race


content provided with permission by FXStreetRead full post at forexlive.com

Biden
pushed
back
hard
against
pressure
to
drop
off
the
Presidential
ticket
at
the
start
of
the
week
but
his
comments
at
the
NATO
Summit
didn’t
exactly
put
to
rest
questions
about
his
health.

Now
there
is
fresh
pressure
and
his
betting
odds
have
against
slipped,
with
PredictIt
pegging
him
at
less
than
50/50
to
win
the
nomination.

The
catalysts
appear
to
be
from
two
sources:


1)
Nancy
Pelosi

The
former
Speaker
of
the
House
didn’t
exactly
give
an
endorsement
of
Biden
today.

“It’s
up
to
the
president
to
decide
if
he
is
going
to
run.
We’re
all
encouraging
him
to
make
that
decision
because
time
is
running
short,”
Pelosi
said
in
an
interview
on
MSNBC.

Asked
if
she
wants
him
to
run,
Pelosi
said,
“I
want
him
to
do
whatever
he
decides
to
do,
and
that’s

that’s
the
way
it
is.
Whatever
he
decides,
we
go
with.”

Those
are
carefully-chosen
comments
that
likely
highlight
unease
(or
something
worse)
under
the
surface.
Pelosi
has
played
the
game
for
a
long
time
and
may
know
which
way
the
wind
is
blowing.


2)
George
Clooney

The
Hollywood
start
and
long-time
Democratic
fundraiser
was
less
diplomatic.
He
published
an
op-ed
in
the
New
York
Times
and
said:

It’s
devastating
to
say
it,
but
the
Joe
Biden
I
was
with
three
weeks
ago
at
the
fund-raiser
was
not
the
Joe
“big
F-ing
deal”
Biden
of
2010.
He
wasn’t
even
the
Joe
Biden
of
2020.
He
was
the
same
man
we
all
witnessed
at
the
debate.

The
rest
of
it

isn’t
pretty
.
If
Biden
has
lost
Hollywood,
does
he
really
have
a
chance?

“We
are
not
going
to
win
in
November
with
this
president,”
Clooney
writes.

It’s
tough
to
say
what’s
behind
the
latest
market
moves
but
a
Republican
sweep
would
certainly
be
good
for
corporate
tax
cuts.
But
if
Biden
were
to
drop
out,
a
more-viable
candidate
could
be
found.
Or
maybe
there
would
be
a
civil
war
that
fractures
Democrats
even
further?

Predicting
politics
has
never
been
easy
and
that’s
certainly
the
case
at
the
moment.
Some
are
suggesting
the
best
time
for
Biden
to
drop
out
would
be
just
before
the
Republican
National
Convention
July
15-18
in
order
to
steal
the
headlines.

As
for
his
schedule,
the
President
hosts
a
bilateral
meeting
with
Prime
Minister
Keir
Starmer
of
the
United
Kingdom
today
at
5:30
pm
and
will
host
a
NATO
dinner
later.