President Trump’s fear of Joe Biden seems well-founded, especially since Biden is now favored to move into the White House in 2021, by some estimates.
“With Trump facing an unlikely reelection, this means it is most likely at this point Joe Biden will win the general election in November,” Washington, DC research firm Sandhill Strategies predicted in a March 16 analysis. The coronavirus outbreak has triggered a bear market in stocks and a likely recession, which is a death sentence for presidential reelection hopes. “No U.S. President has won reelection in recent history after a period of economic downturn,” Sandhill points out.
Biden hasn’t officially clinched the Democratic presidential nomination yet. But that seems inevitable, barring an unforeseen turn in the race. He handily leads Bernie Sanders in the delegate count, and Sanders himself seems to be tacitly acknowledging his inevitable dropout.
Recessions are funny things, because economists only