Billionaire Democratic Donor Has Seen Enough, Says Biden Must Step Down: ‘His Legacy Will Not Be a Good One’

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A major Democratic donor says it is time for President Joe Biden to pull out of the 2024 presidential election.

Billionaire investor Bill Ackman said Tuesday that Biden’s best days have come and gone, according to Bloomberg.

“Biden’s done a lot of good things. But I think his legacy will not be a good one if he is the nominee,” Ackman said in an upcoming episode of “The David Rubenstein Show: Peer-to-Peer Conversations.”

“The right thing for Biden to do is to step aside, and to say he’s not going to run, and create the opportunity for some competition,” Ackman said.

Ackman, who founded Pershing Square Capital Management founder, said was “impressed” with Democratic Rep. Dean Phillips of Minnesota, who has declared himself a candidate for the Democratic presidential nomination.

“You need to be at your intellectual best. And I don’t think Biden is there,” Ackman said.

“I don’t say that, you know, with any derision of the president, but I think he’s clearly past his physical and cognitive peak,” Ackman added.

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