If you’re one of the millions of Americans wondering how the country got stuck between a twice-impeached felon and an increasingly frail incumbent as next president, Ray Dalio can sympathize.
The billionaire founder of Bridgewater Associates, the world’s fourth-largest hedge fund, said the unfortunate reality is that he and about half of the American people want a realistic alternative to Donald Trump and Joe Biden.
“I felt like I was faced with a choice between the powerful, amoral, almost fascist Republican Party and the fragile, dishonest, secretive Democratic Party,” he wrote in a New York Times column. time He also posted on LinkedIn. “As things stand, there are no good presidential candidates and no good parties for me to choose from.”
As a lot of very interesting and important things happened, I found myself reflecting and writing more. My latest article deals with the latest developments affecting the domestic political order.
This article explores issues related to the Democratic Party’s selection of its…
— Ray Dalio (@RayDalio) July 9, 2024
The speculator, who hands over control of Bridgewater Associates in 2022, told Fortune CEO Alan Murray ahead of Iowa’s first primary that he had become concerned about Trump’s relationship with Biden could get a rematch.
Since Dalio wrote that he respects and likes Biden, he has taken aim at Democratic leaders who are trying to hide the president’s “weak and rapidly deteriorating condition” from the American public.
The Communists destroyed trust by pretending that the 82-year-old had the constitution to face another four years of his most difficult and important job, when the emperor clearly had no clothes on.
“This is patently ridiculous and an insult to people’s intelligence,” Dalio wrote, adding that Biden could still work most of the day and would only lead to “a severe loss of his honesty and judgment.” confidence”.
“I think Donald Trump is on track to win this election. Maybe in a landslide and win the Senate and the House,” Democratic Sen. Michael Bennet told a news interview I. “I was shocked to think that we could lose everything.” pic.twitter.com/k0M97PntVA
— Kaitlan Collins (@kaitlancollins) July 10, 2024
Major Democratic Donorsincluding Disney heiress Abigail Disney, Signaling their reluctance to further fund his re-election campaign, they compared Biden to an elderly parent whose car keys need to be taken away.
‘Four months left’ to prevent November sweep
On Tuesday, Michael Bennet became the first Senate Democrat to publicly say Biden lost to his opponent in November.
The Colorado lawmaker went even further in an interview with CNN, arguing that the president’s continued candidacy could lead to a landslide victory for Trump’s party and a sweep of the House, Senate and presidency.
“We have four months to figure out how to save the country from Donald Trump,” he told CNN. “The stakes couldn’t be higher.”
Bennett’s admission that he only came forward after his comments – made privately to colleagues – were leaked to the media shows the extent of the party’s ambivalence.
In Dalio’s column, the Bridgewater Associates founder concluded that Democrats are now left with three options, none of which are particularly attractive.
.@jonstewart Here’s a chart explaining where concerns about Biden’s (and Trump’s) performance may come from! pic.twitter.com/qY33Bd5XLK
— The Daily Show (@TheDailyShow) July 9, 2024
They could rally behind Biden in hopes of making him a re-election winner and then work things out (a “bait and switch”) to give the nomination to Vice President Kamala Harris and then put her on the presidential ticket. coronation”), or organize a brief contest among the leading contenders to replace Biden (a “mini primary”).
While the latter is Dalio’s preferred choice as it allows Americans to choose who should lead, he admitted it could hurt their chances of winning in November.
“I still hope that honest, smart, strong and ideally moderate Democrats (or Republicans) of both parties will step up,” he wrote.
Until then, neither Trump nor Biden seems capable of winning his votes or donation checks.
