Staff Reports
Billionaire Rick Caruso, a major donor to President Biden, has now surprisingly added his voice to the chorus of those calling for Biden to step down. His shift in perspective comes after his generous fundraising efforts for the Democratic Party, including co-hosting a high-dollar event for Biden. This change of heart should set off alarm bells in Biden’s camp.
Fellow Democratic donor Whitney Tilson has also taken a step back from supporting Biden, emphasizing the urgency of “stopping Trump.” Tilson predicts a swift resolution to the debate over Biden’s future, foreseeing a scenario where Democratic leaders push Biden to resign in the face of mounting dissent within the party.
I deeply respect Joe Biden's lifetime of service to our country. But the argument @LATstevelopez makes in this column is the right one. In this critical time, in this vital election, stepping aside is the right and honorable thing for President Biden to do.… pic.twitter.com/P87aocYrj7
— Rick J. Caruso (@RickCarusoLA) July 6, 2024
The growing skepticism among prominent Democrat donors about Biden’s viability against Trump raises questions about potential alternative candidates. With the looming possibility of Vice President Kamala Harris stepping in, fundraising dynamics could shift. Legal expert Bradley Smith warns of limitations on transferring campaign funds if a new nominee emerges late in the election cycle, posing a significant challenge for Democrats.
The internal strife within the Democratic Party over Biden’s candidacy plays into Trump’s hands, providing the incumbent with an advantage as the election approaches. Speculation swirls around Jill Biden’s influence on her husband’s decision, with suggestions that she prioritizes retaining power over his well-being.
As the countdown to the Democratic National Convention begins, the coming weeks promise to be pivotal in determining Biden’s political fate. The uncertainty surrounding his candidacy underscores the deep divisions within the Democratic ranks as they grapple with the prospect of a leadership change.
