Expert says Biden’s weak performance puts pressure on him to stay in race due to campaign funds

  • Biden campaign funds would go to Harris if he exits the race, signaling support for her potential run
  • Kamala Harris has weak approval ratings like Biden
  • Robin Kolodny says there’s no ‘obvious substitute’ for Biden in the Democratic party
  • Biden campaign raised over $33 million after the debate, with $26 million from grassroots donations

As President Joe Biden faces calls to exit the White House race after his poor debate performance, it has been reported that if he were to leave, most of his campaign funds would go to Vice President Kamala Harris. Robin Kolodny, a political science professor at Temple University, says this indicates the campaign’s intention to support a potential Harris run. However, she notes that Harris also has weak approval ratings, making it difficult for her to replace Biden. The Biden campaign raised over $33 million since the debate, with $26 million coming from grassroots donations. Despite this, some experts argue that debates are not predictive of election outcomes.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the current situation regarding President Joe Biden’s campaign funds and his performance in the debate. It includes expert opinions from a political science professor and a historian, as well as data from betting markets. However, it does not include any irrelevant or misleading information, sensationalism, redundancy, personal perspective presented as fact, invalid arguments, or logical errors.
Noise Level: 6
Noise Justification: The article contains some relevant information about the potential transfer of funds if Joe Biden were to exit the White House race and the debate’s impact on fundraising, but it also includes speculative statements from experts and repetitive information. The focus on fundraising and debate performance may not provide significant insights or new knowledge for readers.
Key People: Joe Biden (President), Kamala Harris (Vice President), Robin Kolodny (Professor of Political Science at Temple University), Barack Obama (Former U.S. President), Donald Trump (Presumptive Republican nominee), Gavin Newsom (California Governor), Allan Lichtman (Historian)

Financial Relevance: Yes
Financial Markets Impacted: The article discusses the financial aspects of campaign funds and their potential redistribution in case Joe Biden decides to exit the White House race, as well as the fundraising efforts of both Biden and Trump campaigns.
Financial Rating Justification: The article talks about the distribution of campaign funds and donations, which are financial topics, and also mentions the impact on the Democratic National Committee and other candidates’ chances in case Joe Biden were to withdraw from the race.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article, but it discusses political issues and speculations around Joe Biden’s campaign performance and potential succession within the Democratic party.

Reported publicly: www.marketwatch.com