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How did he “demand a second term in the last minute”? The assumption is a president will run for re election.
Unless they run in the first election as a bridge candidate and then, after being elected, refuse to confirm that he won’t run again for multiple years.
Edit: y’all can rewrite history all you want and insist that the party cannot fail because it can only be failed, but he said what he said: https://www.theguardian.com/us-news/2020/mar/10/joe-biden-michigan-rally-kamala-harris-cory-booker