Mr Charisma takes aim at the presidency

US congressman Beto O’Rourke has announced his candidacy for the presidency and he's off to a flying start.

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O'Rourke has raised "stunning sums"
(Image credit: 2019 Getty Images)

US congressman Beto O'Rourke has announced his candidacy for the presidency after a months-long deliberation, says Lauren Gambino in The Guardian. And he has got off to a flying start. O'Rourke raised an "unprecedented" $6.1m during the first 24 hours of his official run for the White House. This "stunning sum" is more than every other Democratic rival. O'Rourke's rise from little-known congressman to national star began during this Senate bid in Texas last year. He narrowly lost to the incumbent, Ted Cruz. During that campaign, he raised $38m in one quarter.

O'Rourke's "moderate views, ability to run a solid campaign, and star quality on the podium make him the dream candidate for financial markets", says Stephanie Kelly in City AM. And his near-victory in traditionally Republican Texas showcaseshis appeal to centrist voters.Yet many of his strengthscould prove to be weaknesses in the "crowded Democratic primaries and highly polarised political environment".

Indeed, the most recentpolls suggest that O'Rourkeis in third place, and "has a long way to go to catch up with either Joe Biden or Bernie Sanders", says Thomas Edsall in The New York Times.Sanders loyalists in particular "have been challenging O'Rourke's credentials".And some have accused himof being all style and no substance, says The Economist. But "one of those qualities can be taught". O'Rourke "possesses the uncoachable one". If Democrats can learnthe lesson from the previous election that voters won'tlisten to candidates they don't like, O'Rourke "has a good shot at winning".

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Dr Matthew Partridge
MoneyWeek Shares editor