The 2024 presidential election may flip right into a “double referendum” if the competition finally ends up being between Joe Biden and Donald Trump, in accordance with the president of Penta Group, Matt McDonald.
McDonald highlighted in an op-ed carried by The Wall Road Journal that the election methods of each candidates will doubtless be extra about turnout than persuasion, on condition that public opinions about each Biden and Trump are already well-established. The potential for exterior occasions and destabilizing shocks may considerably impression their success.
The combat towards inflation will likely be a key concern for voters, because the financial instability continues. Excessive-interest charges, tightened credit score and the unsure way forward for the industrial actual property sector pose a number of dangers that may flip the 2024 race right into a roller-coaster.
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Moreover, the geopolitical local weather, together with the partial decoupling with China, Russia’s warfare in Ukraine, and the withdrawal from Afghanistan, provides to the uncertainty.
Private points for each candidates may additionally affect the race. For Trump, his authorized troubles could possibly be a serious threat, whereas for Biden, the scrutiny will proceed to be on his age, well being, and health for the job.
All these components level to a risky and unsure election with out precedent, signaling a must discard outdated playbooks and put together for a tumultuous experience.
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