The DNC's Election Disaster: Prominent Donors Abandon Biden Amidst Calls for His Removal

With President Biden's re-election bid facing growing challenges, prominent Democratic donors are withdrawing their support, highlighting a potential election disaster for the party.

In a concerning development for the Democratic National Committee (DNC), prominent party donors are declaring they will withhold funding until President Biden steps down from the 2024 presidential ticket. This exodus of financial support comes amidst heightened criticisms of Biden's leadership and calls for his replacement.

Will Pierce, a former Biden supporter and Democratic campaign fundraiser, expressed deep concern about the situation, stating that the DNC is facing a potential election catastrophe. With fundraising crucial in the third quarter, the loss of major donors raises questions about the party's ability to fund both the presidential campaign and down-ticket races.

The DNC's Election Disaster: Prominent Donors Abandon Biden Amidst Calls for His Removal

Hollywood screenwriter Damon Lindelof, a prominent Democratic megadonor, recently penned an article in Deadline urging Democrats to cease funding Biden's campaign and to encourage him to drop out of the race. Lindelof expressed grave concerns about Biden's leadership, stating that it was time for the party to wake up and recognize the need for a change.

Another high-profile Hollywood figure, agent Ari Emanuel, publicly declared his dissatisfaction with Biden's performance following the recent CNN Presidential Debate. Emanuel expressed frustration over the lack of an age limit for presidential candidates, suggesting that Biden may not be mentally fit for the role.

The DNC's Election Disaster: Prominent Donors Abandon Biden Amidst Calls for His Removal

Variety reported that several other Hollywood insiders have also become disillusioned with Biden, with one adviser to major donors expressing doubt about whether he could continue as the party's nominee in good conscience.

The defections among Democratic donors are a reflection of the growing unease within the party over Biden's leadership. Biden's approval ratings have been consistently low, and his performance in the recent debate raised further concerns about his cognitive abilities.

The DNC is now facing a daunting task in trying to convince donors to reconsider their decision to withhold funding. Without significant financial support, the party's ability to effectively compete in the upcoming election is likely to be severely compromised.

The exodus of Democratic donors is a clear indication that Biden's re-election bid is in jeopardy. The party must now make a critical decision: either stand by Biden and risk a potential electoral disaster, or heed the calls for his replacement and attempt to salvage its chances of success in 2024.