Billionaire hedge fund manager Bill Ackman thinks President Biden should call it quits 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 a good one if he becomes the candidate,” Ackman, head of Pershing Square Capital Management, told Bloomberg News.
“I think the right thing for Biden to do is step aside, and say he’s not going to run, and create an opportunity for some competition.”
Ackman, whose net worth is estimated by Bloomberg at $2.3 billion, said that a president needs to “be at [their] the best intellectual.”
“And I don’t think Biden is there,” he said.
Ackman is not the only Wall Street giant thinking of an alternative to his incumbent.
Billionaire hedge fund manager Bill Ackman thinks President Biden should step down. Reuters
Jamie Dimon, CEO of JPMorgan Chase, said Wednesday that liberal Democrats should join and help the campaign of former South Carolina Governor Nikki Haley.
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Biden, who has made several public missteps and been photographed falling and losing his balance on several occasions, has faced questions about his mental acuity, stamina and ability to withstand the rigors of the job.
Despite signs of slipping, Biden intends to be the Democratic nominee.
Recent polls, however, show Biden trailing former President Donald Trump.
Ackman had good things to say about Biden’s Democratic challenger, Rep. Dean Phillips, a 54-year-old lawmaker who won a tightly contested swing district in Minnesota.
The 57-year-old Ackman said he was “in awe” of Phillips, who also asked Biden to step aside.
Ackman, who has donated to Democrats in the past, added that he was “more open to a Republican candidate” – mentioning Haley and former New Jersey Gov. Chris Christie as alternatives.
The billionaire investor is unimpressed with rebel candidate Vivek Ramaswamy, a biotech mogul who has taken a more aloof stance than traditional GOP hopefuls.
Biden, 80, trailed former President Donald Trump in recent public opinion polls. AFP via Getty Images
“He’s a little too far to the right,” Ackman said of Ramaswamy. “I’m a little disappointed with the geopolitics.”
Ackman said he would consider running for office himself if the public wanted him to.
“If the country wants me at some point, you know, I’ll be open to it,” Ackman told Bloomberg.
“It’s something the country has to ask me rather than me putting myself out there.”
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Source: thtrangdai.edu.vn/en/
