Implausible as it may seem in Biden’s weakened condition, this may be as good as it’s going to get for him.
. His biggest internal threat remains: his inability to campaign effectively. And his biggest external threat looms: Though the country seems to expect a soft landing from inflation’s heights, this week’s economic data prove Biden’s economy has nowhere to go but down.cheered their president reaching the starting line as though he had crossed the finish line. But his challenge over the next seven months will be far greater.
All these questions will come in environments where Biden is weakest and has failed to perform throughout his career. That’s why Biden’s people have kept him out of sight as much as possible for nearly five years. Remember: as soon as Biden clinched the Democratic nomination in 2020, he retired to his.
Politically, though, Biden has no choice but to go out. Unlike in 2020, when Biden held sizable leads and events were largely playing his way and he could play it safe, now he must make up ground. As of April 11, he trails in the all-importantBut even if he agrees to start campaigning, Biden’s biggest liability will be one he can’t control: the economic uncertainty that his own policies have created.
Nor are the administration’s concerns just at the macro level when it comes to the economy. The reason the Fed is not lowering interest rates is becauseremains too high. People are paying those higher interest rates in the form of mortgages that are keeping many out of homes. They are also paying them on increasingIt is hard to see what factors could give Biden a major boost over the next seven months, but it is very easy to spot two that could deliver major blows to his beleaguered chances.
J.T. Young was a professional staffer in the House and Senate from 1987-2000, served in the Department of Treasury and Office of Management and Budget from 2001-2004, and was director of government relations for a Fortune 20 company from 2004-2023.
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