U.S. Presidential Election 2024: Democrat Party Betting
There has been a major shakeup in terms of the Democrat Party and the nominee for the 2024 U.S. Presidential election. Current President Joe Biden announced on July 21, 2024 that he was dropping out of the race. Biden was pressured by many in his own party to drop out of the race and he finally gave in to their wishes. Biden has endorsed current Vice President Kamala Harris to be the Democratic nominee for President in 2024. The Democratic Party is a solid underdog right now against the Republican Party to win the 2024 Presidential election and Harris is a solid underdog against former President Donald Trump. The question that will get answered in the next month is whether Harris can actually win the Democrat nomination. The Democrat convention takes place in Chicago in August and there is a real chance that it could be an open convention with a number of candidates challenging Harris. The problem for the Democrats is that they don’t have a viable alternative to Harris. History is already against Harris or anyone else in the Democratic Party winning the Presidential election. Since the United States went to a two-party system, no Democratic presidential nominee has ever won the Presidential election while a fellow Democrat was the current President. Vice Presidents Hubert Humphrey, Al Gore and Hillary Clinton all lost.
U.S. Presidential Election 2024 Odds
U.S. Presidential Election 2024 - Winning Party
Democratic Party +170
Republican Party -210
Other Party +9500
2024 Democratic Candidates
Kamala Harris
The current favorite to be the Democrat candidate for president is current Vice President Kamala Harris. It is simply stunning that the Democrats are in a position to back Harris. She is considered one of the most unlikable and incompetent leaders in recent U.S. history. It was obvious to most people that Biden picked Harris for Vice President simply because of her sex and her skin color. No one believed that Harris would ever be in a position to actually run for president. She was so bad in the Democrat primary four years ago that it was embarrassing. She was completely discounted as a serious threat to win the Democrat primary but after Biden won the nomination, he picked Harris as his running mate and she is now a serious contender to win the 2024 U.S. Presidential election.
Michelle Obama
The second choice in the betting odds behind Harris to win the 2024 Democratic Presidential nominee is Michelle Obama, wife of former President Barack Obama. It is thought by many people that the United States is currently run by the Obama administration with Biden just a figurehead president. It is now so bad that the Democrat Party is actually considering Harris as their candidate so perhaps Michelle Obama could be convinced to run.
Hillary Clinton
Can you ever count out the Clintons? Hillary Clinton would like nothing better than to get another chance against Donald Trump in a presidential election. If Clinton is to get that chance, then the Democrats would have to have an open convention and convince the delegates to throw their support behind Clinton and away from Harris. It would be a major mess but don’t discount the possibility that something happens to prevent Harris from becoming the Democrat nominee. The Obamas and Clintons have proven in the past that they control the Democrat Party and that means Hillary still has a chance.
Gavin Newsom
Newsom was originally pegged as the second choice in political odds to be the Democrat candidate but he is now considered a longshot. Newsom is well liked by the press, he is good looking, and he speaks well but the bad news for Newsom is that his accomplishments are next to nothing, as he has ruined one of the great states in the United States, California with his terrible policies.
Favorable Democrat Trends
From 1968 through 1988 the Republican Party dominated United States Presidential elections. Richard Nixon and Ronald Reagan won historic landslides in 1972 and 1984. But the worm began to turn in 1992.
Bill Clinton took advantage of what was sold by the “news” media and Democrats as a weak (it was actually recovering) economy to defeat incumbent George H.W. Bush and start a new electoral trend.
Since that 1992 watershed the Democrats have won five out of eight elections with the three exceptions being close calls in which they held the popular vote advantage twice. In 2004 George W. Bush was the only Republican to eke out a majority popular vote when he defeated John Kerry. That’s right, the Democrat Presidential candidate has gotten the most popular votes in seven of the last eight Presidential elections. Only the electoral college rules saved the Republicans from defeat.
Historic Democrats
The Democrat Party has a rich tradition of charismatic winners in its history starting with Franklin Delano Roosevelt in 1932, when he defeated the forlorn incumbent President Herbert Hoover during the depths of the Great Depression. FDR went down in history as one of the greats and has, among many achievements, social security as his legacy to the American people.
Harry Truman was unknown when he took office upon FDR’s death but is a respected American President. Truman is best known snatching victory from the jaws of defeat when he upset heavily favored Thomas Dewey in 1948. There is a famous picture of Truman holding up a newspaper with the infamously wrong headline that read “Dewey Defeats Truman!”
Of course, nobody looked the part of President more than John F. Kennedy. Yet it was his successor, Lyndon Johnson, who was able to pass legislation that JFK could only talk about.
Bill Clinton ended the Democrats misery of losing with a two-term Presidency that featured a strong economy. And Barack Obama also won two terms as he took advantage of the Great Recession and weak Republican Party.
Joe Biden won the 2020 U.S. Presidential Election but he will not get a chance for a second term, as he announced in July of 2024 that he was withdrawing from the 2024 U.S. Presidential race.
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