Democrats in Trouble: Big Donors Turn Off the Tap, Force Biden to Go
July 6, 2024
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Netflix Co-Founder, Disney Heiress, and Crypto Titan Mike Novogratz: More Influential Donors Threaten cut off the flow of funding to the Democratic Party having lost confidence in the
Netflix Co-Founder, Disney Heiress, and Crypto Titan Mike Novogratz: More Influential Donors Threaten cut off the flow of funding to the Democratic Party having lost confidence in the US President, Joe Biden, as a candidate in the elections.
The uprising intensified after election debates on June 27when a wavering Biden emerged, tired and unable to stand up to his rival, the former president Donald Trump (2017-2021), causing panic and the refusal of millionaires to finance the campaign of the candidate, whose ability to govern the country for the next four years is in doubt.
In the long list of donors who They turned their backs on the party of the current White House tenant. They include billionaire businessmen such as the president of the Moriah Foundation, Gideon Steinone of the latest voices to announce a freeze on $3.5 million in payments to Democrat-linked NGOs and political groups.
Stein said this week:
Almost every major donor I’ve spoken to believes we need a new candidate to defeat Donald Trump.
Hollywood doesn’t seem to have much confidence in Biden either.: Producer Damon Lindelof and Endeavor CEO Ari Emanuel, two of the most critical voices in the entertainment world, have publicly called on other donors to hold off on funding until another Democratic candidate emerges.
Photo: Reuters
She is also an heiress to the entertainment giant The Walt Disney Company, a film director and philanthropist. Abigail Disneyor co-founder of Netflix Reed Hastingsdemonstrated their opposition to the president’s candidacy this week and cut off their millions in funding streams.
The president’s team and close Democratic governors have tried to overcome criticism and calm the votes, and in its latest numbers report, the campaign announced that it raised $264 million in the second quarter of the year.
A report released on July 2 claimed that June was the “best month” of the campaign, and specified that the day of the presidential debates was the “best day for fundraising” and the following day was the “second-best day,” although Biden declared loser in face-to-face confrontation with Trump according to polls and the media.
Harris Worse Than Biden ‘In a Coma’ or ‘Dead’
The heated debate and Biden’s weak intervention were followed by several meetings between donors and consultants in an attempt to maintain donor trust. But dozens of them are clear: If Democrats want their money, the president must go.
At a breakfast last Friday in Colorado between about 50 influential donors and the political action committee American Bridge, attendees were asked to raise their hands to indicate how many thought Biden should step aside. Nearly everyone raised their hand, they said. New York Times.
Also at another meeting last Wednesday, dozens of donors not only questioned the current US president’s role in the presidential race, but also Vice President Kamala Harris That would be a worse alternative than Biden being “in a coma” or “dead.”
Photo: Reuters
“72% of people want something different. ‘Why don’t we give it to them?’” former Bill Clinton adviser James Carville asked in a private conversation in which he also called for cutting off the flow of money to Biden’s party to speed up his exit, Semafor reported.
But Biden continues to insist he will not drop out of the race and is the “most qualified” person to lead the country. In an interview aired on ABC on Friday, the president said the only way he would drop out of the race would be if “God Almighty” asked him to do so.
Harris, for her part, also dispelled rumors about her possible replacement. “I’m proud to be Joe Biden’s running mate,” she told CBS after leaving a California fundraiser last Tuesday.
Trump is currently leading the polls to become the next president of the United States. The Republican politician has 42% voter intentions compared to 39.8% for the current president, according to an average of polls conducted by the FiveThirtyEight polling site.
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