Democratic Elites to Biden: 'Keep the Change'
Mickey Mouse's niece, Abigail Disney, is halting donations to the Democrats until Biden exits the race, showing that even fairy tale money has its limits.
Amid widespread dissatisfaction following President Joe Biden's dismal performance in the June 27 debate against Donald Trump, Disney heiress Abigail Disney is taking a stand by withholding her contributions to the Democratic Party until Biden steps down. Joining her are philanthropist Karla Jurvetson and donor Gideon Stein, who plan to pause millions in donations. Calls for Biden to bow out have also emerged from figures like Rep. Lloyd Doggett, D-Texas, while wealthy donors are exploring alternatives, including a new fund, Next Generation PAC, to support a fresh candidate. Abigail Disney has even suggested Vice President Kamala Harris as a viable replacement, injecting a dose of drama into the campaign coffers and urging a fairy tale ending for the Democrats.
The dissatisfaction among Democratic elites reached new heights following President Biden's lackluster performance during the June 27 debate against former President Donald Trump. With Biden trailing by 6 percentage points in the New York Times/Sienna College poll conducted post-debate, the wave of discontent has manifested in more than just grumbling. It's as if Democratic elites collectively decided to try out grumbling as an Olympic sport.
Stepping into the fray, Disney heiress Abigail Disney—a woman whose wealth comes from the happiest place on Earth—has opted to withhold her financial contributions to the Democratic Party unless a significant change is made. Specifically, she wants Biden to step down from the presidential race. Her boycott could be seen as a case of a fairy tale demanding its happily-ever-after moment.
Karla Jurvetson, another prominent philanthropist, has also hinted at pausing her donations until Biden steps aside. Jurvetson’s potential financial freeze adds to a growing list of high-profile donors voicing their concerns and demands. Together, these actions suggest a less-than-rosy view of Biden's viability as the candidate to take on Trump in the 2024 election. Maybe this is a sign Biden should consider a hobby—knitting, perhaps?
The financial pressure doesn’t stop there. Gideon Stein, yet another influential donor, plans to withhold a hefty $3.5 million in donations unless Biden graciously exits the race. With the combined pause of donations from significant contributors like Disney, Jurvetson, and Stein, the Democratic Party's coffers may start to feel notably lighter.
In an effort to shift the conversation from dollars to strategy, Abigail Disney put forward Vice President Kamala Harris as a solid alternative to Biden. Her endorsement of Harris underscores a proactive approach, suggesting that not all donors are simply critical; some are also constructive, proposing potential solutions for the Democratic Party's challenges. Looks like it's not just about the Benjamins anymore—some donors have strategic moves up their sleeves.
Further inflaming the situation, Rep. Lloyd Doggett, a Texas Democrat, openly called on Biden to drop out of the race. With this call, Doggett seems to be channeling a faction of Democratic elites who think that Biden's continued candidacy is less of a boon and more of a balloon full of hot air tethering the party down.
Wealthy Democratic donors, always a resourceful bunch, are already devising backup plans. One such plan is the creation of the Next Generation PAC, an initiative designed to support a potential replacement candidate if Biden does indeed step aside. The PAC represents a collective hedge against Biden's current trajectory, indicating significant unrest and proactive contingency planning among the party's financial heavyweights.
While it remains to be seen whether the pressure from these influential figures will lead to any immediate changes, the message is clear: substantial donors are not willing to keep funding a campaign they believe could keep Biden in the race. Whether or not President Biden chooses to heed these calls, the coming months promise to be anything but mundane for the Democratic Party.