Democrats are getting more concerned about Biden’s decreasing fundraising.
President Biden’s fundraising efforts are facing a significant setback as major donors and top Democratic officials are urging him to withdraw from the race. According to Politico, fundraising for Biden is plummeting, with some donors canceling events and withholding donations until he drops out.
One source described the situation as a “massive problem,” expressing concerns about the lack of financial support needed for the upcoming months. Grassroots fundraising is also taking a hit following Biden’s lackluster debate performance against Trump, with expectations of a 25% decrease in small-dollar donations by the end of July.
The discontent among donors mirrors Biden’s diminishing support among Democratic lawmakers, with calls for him to step aside growing within the party. Democratic Senator Peter Welch of Vermont became the first in his party to publicly ask Biden to withdraw from the race, aligning with House Democrats who share similar sentiments.
Even high-profile supporters like George Clooney have voiced their disappointment in Biden’s performance. Clooney, who hosted a fundraiser that raised over $30 million for Biden, criticized the former vice president for his debate showing, attributing it to a lack of conviction and presence compared to his previous self.
The Hollywood community, known for its vocal political stance, is also divided on Biden’s candidacy. Michael Douglas reflected on Clooney’s remarks, expressing concern over the Democratic Party’s potential losses in the upcoming elections. Actress Mia Farrow echoed similar sentiments, emphasizing the need for a change in leadership to secure the country’s democratic values.
As the pressure mounts on President Biden to reconsider his run for office, the future of his campaign remains uncertain. With key figures withdrawing their support and calling for a change in leadership, the Democratic Party faces a crucial moment in its quest for the White House.