What Biden Could Still Learn From Incumbent Presidents Who Decided Not to Run Again

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"The lesson of history is that if he becomes convinced his reelection is in serious jeopardy, it would be better for him to make up some reason to step aside rather than go down to defeat... Whenever he might withdraw from the race, he would receive a surge of goodwill for seeming to put his party (and the nation) first, but he would also be labeled a lame duck and would endure staff defections to challengers.

But, the later the decision the worse it would be for his party since serious alternatives would have less time to organize. In that case, the convention could truly be an open, competitive one rather than the rubber stamp it usually is."