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If the 2016 and 2024 campaigns established anything, it’s that donors don’t run the Republican Party.
Democrats spent a lot of time going on about money in politics only to now be preparing to shed their party’s nominee because of donor pressure.
Most of the Democrat leaders have stuck with Biden. And he may be a senile idiot, but Democrat voters chose him. But after the debate disaster, donor pressure mounted. Now wealthy donors are threatening to cut off the party unless it overturns the will of its own voters.
President Joe Biden is facing an uprising from some his own party’s wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance.
Abigail Disney, the granddaughter to Roy O. Disney, who cofounded The Walt Disney Company, told CNBC on Thursday that she plans to withhold donations to the party she has funded for years until Biden drops out.
Abigail prefers to support art vandalism anyway. And complain about the pernicious influence of money when she’s not demanding that her unearned fortune should trump that of the party’s own voters.
More serious Dem donors are also strategizing about getting rid of Biden.
After several days of quiet griping and hoping that President Biden would abandon his re-election campaign on his own, many wealthy Democratic donors are trying to take matters into their own hands.
Wielding their fortunes as both carrot and stick, donors have undertaken a number of initiatives to pressure Mr. Biden to step down from the top of the ticket and help lay the groundwork for an alternate candidate.
The efforts — some coordinated, some conflicting and others still nascent — expose a remarkable and growing rift between the party’s contributor class and its standard-bearer that could have an impact on down-ballot races, whether or not the donors influence Mr. Biden’s decision.
A group of them is working to raise as much as $100 million for a sort of escrow fund, called the Next Generation PAC, that would be used to support a replacement candidate. If Mr. Biden does not step aside, the money could be used to help down-ballot candidates, according to people close to the effort.
Supporters of potential replacements like Vice President Kamala Harris are jockeying to position their preferred successor. Other donors are threatening to withhold contributions not only from Mr. Biden but also from other Democratic groups unless Mr. Biden bows out.
Just to be clear if Biden is replaced, it won’t be because the party turned on him, but the donor class did.
It’ll be the final nail in the coffin of even the faintest illusion of ‘democracy’ in the Democrat party. The only thing that matters in the party is money.
It would be an extraordinary event if the party’s presumptive nominee who had the voters of the vast majority of rank and file voters were shoved aside because the ‘money talked’. It will convey finally and fatally that the Democrats are a party of the money, by the money and that its own voters simply do not matter. At all.
Thanks, very interesting!
Money and power are all that matter.
Yes to the Dirtbagocrats. BUT….they always care much more about power than money and what do they need money for this late in the year? The election is only three months away. They already have plenty. That Disney dimwit doubtlessly already donated a small fortune. What, she’s going to withhold a last minute donation she was never going to make anyway?
I seriously doubt a majority of delegates want to lose their meat puppet. The ones who vote for other candidates have corrupt ties to them and probably don’t get what they want from Alzheimer Joe’s handlers.
I really don’t see how a handful of donors out of a legion of them can get their way.
Damn. The election is FOUR months away. That’s the second mistake in second grade level simple addition and subtraction I’ve made in one day. Maybe I should buy a math work book.
Of course, addition and subtraction were taught in second grade when I was a kid. They’re probably high school courses now, considering how incompetent our schools are. The kids are all busy being groomed as trannies, being told white kids are oppressors, blacks are victims and none of the other races and ethnicities matter unless they’r moslems, and DEI is real and desirable.
The obvious choice for Kamala’s running mate is Alex Soros. It’s reached the point with the Demorats that they can stop pretending that the White House means anything more to them than a cash cow to be milked largely at the expense of the fools who put them in power.
Why would Alex take a demotion? The real power is behind the throne, not on it.
If Heels Up Harris were to get the nomination she’d probably pick one of the Jihad Squad as a running mate.
You mean to say that money is all that matters? I’m so disenchanted.
Knee-jerk Dirtbagocrat voters voted for Alzheimer Joe because they had no choice. He was the piece of trash the delegates chose, because they knew he’s a senile retard who would do whatever he’s told to do. The voters would’ve preferred Bernout Sanders, who was cheated by his own party for the second election in a row. But like you wrote, the Dirtbagocrat party doesn’t give a crap about its voters or what they want.