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From the outset, it's clear that President Biden's political future is hanging in the balance. With 34 Democrats in Congress publicly urging him to step down, and his recent COVID diagnosis, the situation seems dire. But what's even more alarming is the financial crisis looming over his campaign.
The first lady, Jill Biden, is set to host a fundraiser in Paris, with tickets costing up to $525,000. Meanwhile, Vice President Kamala Harris met with major Democratic donors in a Zoom call organized by LinkedIn founder Reid Hoffman. This influential mega-donor has been aggressively pushing for an alternative ticket, indicating that not all is well within the party.
As Biden digs in his heels, his campaign is dismissing donors and elected officials who have turned on him. They insist that they have contact with real voters, including the 14 million who chose Biden as their nominee. However, the polls that elected members of Congress are now pointing to as justification for throwing their ticket out after voters picked it are being dismissed as "bunk" by the campaign.
Biden's feelings about polls are not new. In a recent interview on CNN, he expressed confidence in his ability to turn around voter trust in Trump on the economy, despite wide margins indicating the opposite. He pointed to a Michigan survey where 65% of Americans think they're in good shape economically, even if they don't believe the nation is.
The president has been defiant in the face of more Democrats turning on him, but the real problem lies in the campaign's money troubles. Many donors have simply stopped writing checks, so long as Biden remains at the top of the ticket. One major Democratic donor summed it up bluntly: "I don't know how you campaign with a broadening electoral map without money. I don't know what they're doing."
This donor's sentiment echoes a growing concern within the Democratic Party. As Biden stays in the race, doubling down in the face of adversity, the question remains: how can he campaign effectively without the necessary funds? The answer, it seems, is not yet clear.
In conclusion, Biden's campaign is facing serious financial challenges as donors turn their backs. The president's defiance in the face of adversity is admirable, but without the necessary funds, it's unclear how he can mount an effective campaign. The Democratic Party is at a crossroads, and the outcome of this election cycle remains uncertain.
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