President Joe Biden is currently facing criticism and an uprising from some of his own party’s wealthy donors, including Abigail Disney, the heiress to the Disney family fortune. Disney has publicly stated that she will no longer fund the Democratic Party until Biden drops out of the presidential race due to his disastrous debate performance. Despite acknowledging Biden as a good man who has served his country well, Disney believes that the stakes are too high for the Democrats to continue with him as their candidate. She argues that unless Biden steps down, the Democrats will face dire consequences in the upcoming election.
The backlash against Biden is not limited to Abigail Disney alone. Representative Lloyd Doggett from Texas has also called on Biden to drop out of the race, citing the president’s inability to perform well in the debate against former President Donald Trump. The New York Times/Sienna College poll conducted after the debate showed Biden trailing behind Trump by 6 percentage points among likely voters. This has fueled the growing concern within the Democratic Party about Biden’s ability to defeat Trump in the upcoming election.
Support from Wealthy Donors at Risk
Abigail Disney’s decision to withhold donations to the Democratic Party until Biden drops out reflects the sentiment of several major donors who have expressed their concerns about Biden’s candidacy. Gideon Stein, the president of the Moriah Fund, has also announced his decision to pause planned donations of $3.5 million to nonprofits and political organizations aligned with the presidential race. Stein believes that in order to defeat Trump, the Democrats need a new candidate to lead the party.
Abigail Disney has suggested Vice President Kamala Harris as a viable alternative to Biden, arguing that she would be capable of defeating Trump in the election. Disney highlights the need for Democrats to rally around a candidate who can lead them to victory. Similarly, other wealthy donors like Karla Jurvetson, who have been major Democratic donors in this election cycle, have hinted at pausing donations until Biden steps down. The pressure is mounting on President Biden to reconsider his candidacy in light of these criticisms from within his own party.
The decisions of wealthy donors like Abigail Disney, Gideon Stein, and Karla Jurvetson to withhold donations to the Democratic Party could have significant implications for the upcoming election. Their financial support plays a crucial role in funding campaigns and political organizations aligned with the party. The growing discontent and calls for Biden to step down underscore the challenges that the Democrats are facing in uniting behind a candidate who can effectively challenge Trump in the election.
President Joe Biden is currently under pressure from some of his party’s wealthy donors to drop out of the presidential race following his poor debate performance. The discontent among major donors like Abigail Disney, Gideon Stein, and Karla Jurvetson reflects a larger concern within the Democratic Party about Biden’s ability to defeat Trump in the election. As the calls for Biden to step down grow louder, the party faces the challenge of finding a candidate who can unite and lead them to victory in the upcoming election.
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