Biden 'may have just committed an unforced tactical error'. UBS explains how

July 12, 2024 11:52 PM AEST | By Investing
 Biden 'may have just committed an unforced tactical error'. UBS explains how

President Biden began his much-awaited press conference on Thursday evening by reviewing the NATO Summit in Washington and highlighting his administration’s accomplishments.

His opening remarks served as a robust defense of multilateral engagement as the cornerstone of American foreign policy and were also aimed at creating a more favorable context for addressing media questions regarding his physical and mental fitness.

According to UBS strategists, Biden’s performance during the conference was "decidedly mixed," with energetic comments on gun control being undermined by missteps concerning the capability of his own vice president to assume the presidency and win a national election.

"In short, the presser is unlikely to change many minds over whether he should continue to pursue the nomination at next month's convention," UBS strategists remarked.

"At least one response may come back to haunt the president,” strategists added.

Near the end of the press conference, when asked whether convention delegates should be obligated to vote for him, Biden stated that the delegates “are free to do whatever they want.” Currently, rules direct delegates to reflect the “sentiments of those who elected them.”

This response might inadvertently give the party’s rules committee a chance to change the instructions given to delegates, potentially allowing them to vote their conscience in the first round of balloting.

"While the probability of a rule change is still low, the president may have just committed an unforced tactical error," strategists concluded.

In his first response during the conference, Biden mistakenly referred to Vice-President Kamala Harris as "Vice-President Trump," further fueling widespread concerns about his verbal missteps. This error occurred merely an hour after he incorrectly introduced Ukraine President Volodymyr Zelensky as “President Putin” during the NATO summit.

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.