President Joe Biden announced his withdrawal from the 2024 presidential race, marking the first time in nearly 60 years that an incumbent president has opted not to seek re-election.
In his letter, President Biden highlighted the achievements of his administration over the past three and a half years. He noted significant economic improvements, stating, “Today, America has the strongest economy in the world.” Under his leadership, the administration made historic investments in infrastructure, healthcare, and veterans’ services. Key legislative accomplishments include lowering prescription drug costs for seniors, expanding affordable healthcare to a record number of Americans, passing the first gun safety law in 30 years, appointing the first African-American woman to the Supreme Court, and enacting significant climate legislation.
Biden emphasized the collective effort of the American people in overcoming challenges such as the COVID-19 pandemic and the resulting economic crisis. “Together we overcame a once-in-a-century pandemic and the worst economic crisis since the Great Depression. We’ve protected and preserved our democracy and revitalized our alliances around the world,” he stated.
While Biden expressed his initial intention to seek re-election, he explained that his decision to step down is in the best interest of both his party and the country. “I believe it is in the best interests of my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term,” he wrote.
Although Biden had been expected to return to the campaign trail following a bout with COVID-19, the concerns among senior Democrats and party donors about his ability to withstand the rigors of a re-election campaign ultimately influenced his choice.
Biden thanked those who supported his potential re-election campaign and expressing gratitude to Vice President Kamala Harris for her partnership. “I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work, and let me express my heartfelt appreciation to the American people for the faith and trust you’ve placed in me,” he wrote.
In response to Biden’s announcement, Vice President Kamala Harris tweeted her gratitude and intentions moving forward. “On behalf of the American people, I thank Joe Biden for his extraordinary leadership as President of the United States and for his decades of service to our country. I am honored to have the President’s endorsement and my intention is to earn and win this nomination,” Harris wrote on X.
Harris’s statement underscores her readiness to take up the mantle and potentially become the Democratic nominee for the 2024 presidential election. Her endorsement by Biden positions her as a leading candidate within the party, but the nomination process will likely see a competitive field of contenders.
The Democratic field remains dynamic, with potential contenders still assessing their chances. Michigan Governor Gretchen Whitmer has seemingly ruled herself out, stating her focus remains on supporting Democratic candidates. California Governor Gavin Newsom praised Biden but has not disclosed his own intentions, leaving the door open for speculation.
Former President Barack Obama praised Biden, calling him “one of America’s most consequential presidents.” In a statement, Obama highlighted Biden’s accomplishments and patriotism. Pelosi also commended Biden for his leadership and his decision to prioritize the country’s and the party’s best interests.
President Biden plans to address the nation later this week to provide more details about his decision and outline his vision for the remaining months of his term. This address is expected to clarify the path forward for the Democratic Party as it navigates this unexpected development.
As Biden spends his final months in office, the Democratic Party will gear up for a crucial election. Harris, now with Biden’s endorsement, will need to navigate the primary landscape, build her public profile, and consolidate support within the party.
The upcoming months will be pivotal for the Democrats as they aim to present a united front against a formidable Republican opponent. Biden’s decision, while unexpected, may provide the impetus needed for the party to rally behind a new leader and strive for victory in the 2024 presidential election.