Joe Biden's dropping out of the race at this late stage is unprecedented and risky. A move to a candidate in Kamala Harris who can forcefully make the case against Donald Trump offers Democrats a chance to catch up and beat Trump.
Endorsing Harris was the smart move, allowing the party to start campaigning vigorously again immediately, preventing a donor coup for a more conservative candidate. Currently, Trump is still the favorite, but a Harris campaign gives Democrats a much higher ceiling.
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