Disney heiress, Democrat mega-donors to pause donations until Joe Biden drops from presidential race
By bellecarter // 2024-07-15
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Following President Joe Biden's "poor performance" during the disastrous first presidential debate, mega-donors expressed concern about his ability to lead a second term as they announced halting their donations to the Democratic Party until Biden drops out from the race. Abigail Disney, the granddaughter of Walt Disney co-founder Roy O. Disney, said she plans to withhold donations to the party she has funded for years until the president steps down as the party flag bearer. "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 said in a lengthy statement to CNBC. Disney continued, "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." The very same day, the public again raised concerns as Biden showcased his plummeting mental acuity. On Philadelphia's WURD radio, the president called himself the first black woman to serve in the White House. (Related: Calls to replace Biden gain momentum as big donors bail on the puppet they installed.) The leftist corporate media outlets and White House people claimed the president's cognitive capacities are still okay. But after the catastrophic debate with former President Donald Trump, the Democratic Party has started freaking out, as one major donor declared: "We are in f*ck city." CEO of Endeavor Ari Emanuel, who owns the UFC and WWE, also told the audience at the Aspen Ideas Festival that other prominent donors are moving their money into the Congress and Senate races. Moreover, Netflix's billionaire co-founder Reed Hastings also called for Biden to step aside, telling the New York Times, "Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous." Major news outlets AP News and Reuters also reported that about 40 top donors last weekend asked Biden's campaign manager whether the campaign would offer a refund if Biden doesn't run. But Biden, through his White House Press Secretary Karine Jean-Pierre, has said he has no plans to withdraw from the race, despite calls for him to do so. Facing rapid-fire questions, Jean-Pierre was asked point-blank during a recent briefing if Biden was considering that option. "Absolutely not," she responded. "And you heard that, I believe, directly from the campaign as well." Republicans and conservatives on the other hand are now basking in redemption. All the accusations on Biden's ability to further lead appear to be true.

Biden campaign attempts to woo mega-donors back

Biden's campaign team has been scrambling to win back their important campaign funders who questioned whether the 81-year-old Democrat should stay in the presidential race and why they should keep donating. The team admitted to holding difficult phone calls to win them back as mega-donors to the party with Biden still holding the flag for the Democratic National Committee (DNC). Reuters reported that the campaign's National Finance Committee held a hastily scheduled call with hundreds of top Democratic donors and people who raise money for Biden's campaign on Monday evening to tamp down panic. Biden campaign senior adviser Jen O’Malley Dillon and deputy campaign manager Quentin Fulks on Monday told a call that early polls showed little damage from the debate. According to a donor source who was on the call, the campaign will make Biden more visible at town halls and through interviews to reassure the public he can handle the grueling campaign trail. About five donor questions described as "pointed" were covered during the call, the source said. These included: "Can the president make it through a campaign and another term?" the source said. Biden campaign officials didn't take any live questions and seemed to pick queries submitted earlier, a second source on the call said. "The message was, 'We are not seeing any change in polling,'" the second source said. The "campaign will not win if the focus remains on his age." Another call with about 40 top donors last week turned tense after Biden campaign manager Julie Chavez Rodriguez was asked if the campaign would offer a refund if Biden doesn't run, a source familiar with the call said. She said that would not happen because Biden is running. Even if Biden drops the race, she said the money would go to Vice President Kamala Harris. "Some of us on that call have privately discussed if we should put our money somewhere else," said one of the donors on Sunday's call. "The past few days have been very disappointing." Meanwhile, Trump is now leading Biden in New Hampshire, a state a Republican hasn't won since 2000, according to a St. Anselm College/WMUR poll published Monday, based on a post-debate survey. The Biden campaign said in a memo that its polling showed the debate did not significantly alter Biden's appeal in battleground states. The campaign also said that a "large majority of Biden 2020 voters who had a negative reaction to his debate performance are still voting for him." Biden's campaign has about $91 million in the bank. JoeBiden.news contains more stories related to Biden's presidential campaign.

Sources for this article include:

ZeroHedge.com CNBC.com ABCNews.Go.com Reuters.com
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