President Joe Biden is one of the front-running candidates in the 2024 presidential election.
A potential rematch with Donald Trump could spell trouble, with the former president polling ahead of Biden in recent months.
Experts for the Democratic party lay out two items that Biden should focus on.
Betting on Infrastructure: Biden trails Trump in many 2024 election polls and recently saw his approval rating hit an all-time low.
To gain momentum and win the 2024 election, political experts are laying out what items the president should spend more time focusing on.
One area that is getting increased attention is infrastructure, according to a report from Punchbowl News.
The second anniversary of the Bipartisan Infrastructure Law was recently celebrated by individuals, including White House senior adviser Mitch Landrieu.
Landrieu is now working with Rep. Steny Hoyer (D-Md.) on making sure voters remember the $1.2 trillion bill that powered investments into roads, bridges and transportation systems in the United States.
"Two years ago, there was nothing. We started off from ground zero," Landrieu told Punchbowl News. "Now there's $1.2 trillion – $400 billion of which has been pushed out of the door already."
Landrieu said there have been 40,000 projects that have come from the bill.
Hoyer called the bill as "generational" and "transformative."
With some polls saying Biden has accomplished little to nothing during his presidency, Hoyer believes the infrastructure bill and subsequent projects being funded could be a way to highlight what the president has done.
"They thought we didn't do much in the last Congress. In fact, it was probably one of the most impactful congresses in history," Hoyer said. "The American people need to know the consequences of the actions taken in the last Congress because it's going to make such a difference over generations."
Hoyer also highlighted the American Rescue Plan, the Inflation Reduction Act and the CHIPS and Science Act, which were all signed during the last Congress, which was Democratic-controlled.
A team of House Democrats led by Hoyer have formed the Regional Leadership Council and have discussed a messaging strategy with the White House on infrastructure highlights.
Whether Biden or the White House chooses to aggressively highlight the infrastructure bill and the projects being funded, investors may want to consider exposure to the sector. With numerous companies that could benefit from increased infrastructure spending, exchange-traded funds that hold a basket of companies could be the best way to play this item.
Here's a look at some of the biggest infrastructure ETFs.
- Global X U.S. Infrastructure Development ETF PAVE
- iShares Global Infrastructure ETF IGF
- iShares U.S. Infrastructure ETF IFRA
- SPDR S&P Global Infrastructure ETF GII
- ProShares DJ Brookfield Global Infrastructure ETF TOLZ
Related Link: 2024 Presidential Election Betting Odds
Social Security Key 2024 Item: Another item being discussed as a key item that Biden could focus on to defeat Trump is social security.
The White House has received pitches for Biden to go big on the topic, according to Politico.
Biden often recalls his State of the Union address where he accused Republican lawmakers of cutting items like Social Security, which prompted objections during his speech.
"I never thought my third State of the Union address would be negotiated on the floor of the United States Congress," Biden previously said. "But it worked."
Biden has been pitched on endorsing a plan to expand the Social Security benefits from Americans, according to the report. For some voters, Social Security is an important issue that could see the candidate who has the best plan communicated get their vote.
"The only weakness that Democrats have on their Social Security policies is not enough people know that it's them," Social Security Works executive director Alex Lawson said.
Lawson, whose group had pushed for Biden to endorse the idea, said that it's important to let voters know that Democrats want to expand Social Security and Republicans want to cut.
Biden previously discussed expansion of Social Security benefits during the 2020 Democratic primary.
Republican presidential candidates like Trump, Ron DeSantis and Nikki Haley are expected to push for cuts to Social Security.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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