Biden’s support among Democrats is crumbling. The statements of some of his party colleagues are carrying weight. But things are likely to get really tough for the 81-year-old Democrat when it comes to money.
According to a media report, some Democratic Party donors are said to be withholding campaign support totaling an estimated $90 million as long as US President Joe Biden remains a candidate. This was reported by donors to the Biden support group “Future Forward”, reported the New York Times, citing two unnamed sources. According to the newspaper, they did not want to comment more specifically on who the donors were exactly.
According to the newspaper, an adviser to Future Forward, a so-called Super Pac, said that he assumed that donors who had frozen their funds would release them again as soon as the uncertainty was cleared up. Future Forward itself declined to comment.
The abbreviation “Pac” stands for political action committee. Super-Pacs are organizations that accept donations of unlimited amounts and can use them to advertise for certain candidates or political causes – even if the groups are not allowed to give money directly to candidates. This means that they have a great influence on the election campaign. Election campaigns in the USA are extremely expensive. Only those who have the necessary cash can stay in the race – and hold their own.
Last week there were reports that a wealthy Disney heiress wanted to withhold her financial support for the party until Biden withdrew from the race for the presidential nomination. Wealthy film stars are also among the party’s major donors. A text by actor George Clooney in the “New York Times” this week attracted a lot of attention, in which he called on Biden to withdraw from the race.
The 81-year-old Biden has so far remained undeterred and has not shown any self-doubt about his mental fitness. Since his disastrous performance in the TV debate against Republican challenger Donald Trump, around 20 Democratic parliamentarians have openly opposed the US president. He is to be officially chosen as the Democratic candidate for the presidential election in November at the Democratic Party convention in August. He has already won the necessary delegate votes for this in the primaries. Therefore, only he can decide to drop out of the race.
