President Joe Biden is facing mounting pressure from major Democratic donors to step down as the party’s candidate following a disastrous debate performance. Donors including Abigail Disney, Damon Lindelof, Ari Emanuel, and Gideon Stein have publicly warned they will withhold funds unless Biden is replaced. Disney stated that she doesn’t believe Biden can win against Trump and that his exit is necessary to prevent a “dire” loss.
Biden’s team is trying to shore up his candidacy with a rare primetime TV interview and a rally in Wisconsin. Despite admitting he “screwed up” during the debate, Biden has vowed to stay on as the party’s standard-bearer against Donald Trump in the November election. However, his advanced age and mental faculties have become a concern for some donors.
The Biden campaign has reported a significant fundraising haul in June, totaling $127 million, but the pressure on Biden to step down is mounting. His performance in the upcoming debates will be crucial in determining his campaign’s viability. Some donors are worried about the potential chaos of a last-minute replacement, while others believe it’s necessary to ensure a Democratic victory.
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Reed Hastings, co-founder of Netflix, has also called for Biden to step aside, stating that he needs to “pass the torch” to a more vigorous leader. Ramesh Kapur, a Massachusetts-based industrialist, has also expressed concerns about Biden’s ability to win, stating that “it’s time for him to pass the torch.” Despite this, some donors have committed to supporting Biden, with one mega-donor planning to go ahead with a fundraiser for the president later this month.
As the debate season approaches, Biden’s campaign is at a crossroads. Will he be able to rebound from his poor debate performance and convince donors to stay on board, or will the pressure to step down become too great to ignore? The coming weeks will be crucial in determining the fate of Biden’s candidacy and the future of the Democratic Party.
By Yahoo news
