Some major Democratic donors have told the largest pro-Biden super PAC, Future Forward, that pledges worth roughly $90 million are now on hold if President Biden remains atop the ticket, according to two people who have been briefed on the conversations.

The frozen contributions include multiple eight-figure commitments, according to the two people, who spoke on the condition of anonymity given the sensitivity of the situation. The decision to withhold such enormous sums of money is one of the most concrete examples of the fallout from Mr. Biden’s poor debate performance at the end of June.

Future Forward declined to comment on any conversations with donors or the amounts of any pledged money being withheld. A Future Forward adviser would say only that the group expected contributors who had paused donations to return once the current uncertainty about the ticket was resolved.

  • PugJesus@lemmy.world
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    5 months ago

    I hate that this is effective. We need money out of politics. But it’s probably nudging towards an accidentally correct decision in this case.

    • Ensign_Crab@lemmy.world
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      5 months ago

      Biden said he would drop out if the Lord Almighty told him to.

      Every corpodem’s god has spoken.

    • TropicalDingdong@lemmy.worldOP
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      5 months ago

      Its like I said previously, Biden doesn’t have a base. He doesn’t have a wide, grass-roots support network that provides him the kind of independence that Bernie or any Justice Democrats had.

      Biden relies extremely heavily on big money donors. Clooney pulling his support so widely and loudly was a bell that simply can-not be un-rung. Clooney is a “bundler” in that he organizes other big money donors into things like Biden’s 40 million dollar dinner. That was all Clooney.

      Simply put, Biden can’t win without 6 figure plus donations. This is a very very big deal. Where holes were being poked in the outside of this ship from the outside prior to the debate, things like this are the hull fracturing.

  • BuckFigotstheThird@lemmy.world
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    5 months ago

    Wild that I cant see any of the comments because all the commenters have been blocked for spouting some dumb ass shit elsewhere on lemmy. I log out, and of course, every comment results in Biden-bad, and hence, for trump to be proxy-elected. Funny. cause my anonymous sources told me that fundraising is up.

    Also, the DNC reports it’s already hit it’s 85mil dollar goal.

    • TropicalDingdong@lemmy.worldOP
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      5 months ago

      everyone is pushing for trump to be proxy-elected.

      You mean with Biden as nominee right?

      Because the only way Trump wins is if Biden stays the nominee.

      Trump wants Biden as nominee. Bannon wants Biden as nominee. Heritage Foundation wants Biden as nominee.

      So if you are advocating or insisting on Biden as nominee, thats your team.

  • Thistlewick@lemmynsfw.com
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    5 months ago

    Another “The gardener of the cousin of the mechanic of the uncle of an aide to a staffer for a satellite office of the Democratic Party says” article.

    It’s manipulative, and I don’t understand how so many people can be okay with what this means for the world.