Monday, July 8, 2024

Key Democratic Donors Withholding Support Until Joe Biden Steps Down

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“It's a legal issue now … but we're in f**k city…”

In a notable shift within the , some key donors have declared they will withhold financial support until President steps down.

Abigail Disney's Stand

Abigail Disney, an heiress to the Disney family fortune, has taken a firm stance against continuing her financial support to the Democratic Party. Disney announced that she would not donate further until President Biden drops out following his catastrophic presidential debate.

“I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. This is realism, not disrespect. Biden is a good man and has served his country admirably, but the stakes are far too high,” Disney told CNBC on Thursday. “If Biden does not step down the Democrats will lose. Of that I am absolutely certain. The consequences for the loss will be genuinely dire.”

Office of the President of the United States, Public domain, via Wikimedia Commons

's $3.5 Million Hold

Entrepreneur and philanthropist Gideon Stein has similarly decided to pause his planned donations amounting to $3.5 million unless Biden steps aside. The Times reported that Stein claimed every major donor he's spoken to since the debate believes “a new ticket is in the best interest of defeating .”

Tensions Revealed in Leaked Remarks

During an all-hands meeting with more than 20 Democratic governors on Wednesday, Biden said that “he needs to get more sleep and work fewer hours, including curtailing events after 8 pm.” The comments were leaked to the press, revealing internal concerns about the president's capacity after the tried to spin the meeting in a positive light. (RELATED: Whitmer Skips Police Officer's Funeral For Biden Campaign Meeting: Report)

The New York Times has more on Biden's remarks, which were intended to deter any discussion of his withdrawal:

The remarks on Wednesday were a stark acknowledgment of fatigue from the 81-year-old president during a meeting intended to reassure more than two dozen of his most important supporters that he is still in command of his job and capable of mounting a robust campaign against former President Donald J. Trump.

Mr. Biden's comments about needing more rest came shortly after The New York Times reported that current and former officials have noticed that the president's lapses over the past few months have become more frequent and more pronounced.

Pete Souza – The White House from Washington, DC, Public domain, via Wikimedia Commons

But Mr. Biden told the governors, some of whom were at the White House while others participated virtually, that he was staying in the race.

He described his extensive foreign travel in the weeks before the debate, something that the White House and his allies have in recent days cited as the reason for his halting performance during the debate. Initially, Mr. Biden's campaign blamed a cold, putting out word about midway through the debate amid a series of social posts questioning why Mr. Biden was struggling.

“It's just my brain…”

At one point, Hawaii Governor , who is also a family medicine physician, asked Biden about his health. The president responded that he was fine, saying, “It's just my brain,” which some, including New York Governor Kathy Hochul, took as a joke. However, at least one governor was confused by the comment.

Ari Emanuel's Critique at Aspen Ideas Festival

Meanwhile, Democratic megadonor Ari Emanuel expressed his frustration with President Biden at the Aspen Ideas Festival during a conversation with journalist . Emanuel highlighted the shift of major donors' funds towards congressional and senate races instead of the presidential campaign. (RELATED: Bill Maher Compares Biden Loyalists To ‘Mrs. Goebbels In The Bunker')

“I talked to a bunch of big donors, and they're moving all their money to Congress and the Senate,” Emanuel declared.

“He gave us a bunch of malarkey, and I'm really pissed. We all should be really pissed.”

“It's a legal issue now … but we're in f**k city,” he added.

Legal Challenges and Political Maneuvering

Emanuel further elaborated on the complex legal landscape that complicates removing Biden from the ballot, particularly in key swing states like , Wisconsin and Michigan. He pointed out that Michigan is the only state where Democrats hold controls the offices of governor, secretary of state, attorney general, and both chambers of the state legislature.

“There are some questions about whether the delegates can do something… The lifeblood of a campaign is money, and maybe the only way this gets solved is if the money starts drying up,” Emanuel commented, emphasizing the financial leverage donors possess.

“It's a legal issue now … but we're in f**k city,” he added.

Implications for the Democratic Party

This concerted withholding of funds by major donors represents a significant challenge for the Democratic Party. The internal dissent and financial constraints could impact campaign strategies and overall party unity leading up to future elections. As key figures like Abigail Disney, Gideon Stein and Ari Emanuel step back, the pressure mounts on President Biden and the Democratic leadership to address these concerns and navigate the evolving political landscape.

READ NEXT: Watch: Congressman Reveals Jaw-Dropping Trump-Taliban Story

Patrick Houck
Patrick Houck
Patrick Houck is an avid political enthusiast based out of the Washington, D.C. metro area. His expertise is in campaigns and the use of targeted messaging to persuade voters. When not combing through the latest news, you can find him enjoying the company of family and friends or pursuing his love of photography.

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