‘Biden is like Yoda.’ Inside big money battle to salvage Democratic ticket

2024-07-03
‘Biden is like Yoda.’ Inside big money battle to salvage Democratic ticket

Navigating the Twilight of Biden's Presidency: A Candid Exploration

As the Biden administration grapples with growing concerns about the 81-year-old incumbent's ability to defeat his presumptive Republican opponent in November's election, a frantic effort is underway to salvage the president's candidacy. Comparisons to the famed investor Warren Buffett have been drawn, highlighting the vast fortunes he amassed in his later years. However, the cracks in the unified front of support from Democratic lawmakers are beginning to emerge, with some calling for Biden to exit the race. The president's recent debate performance and physical frailty have become the subject of intense scrutiny, leaving his donor defenders struggling to reassure the public and potential replacements being considered.

Weathering the Storm: Biden's Supporters Seek Solace in Buffett's Example

In a bid to bolster Biden's candidacy, his loyalists have drawn parallels to the success of legendary investor Warren Buffett, who amassed a vast fortune between the ages of 83 and 93. This comparison is part of a concerted effort to salvage the president's campaign in the face of growing concerns about his ability to defeat his Republican opponent.The Biden campaign's ability to raise million since the president's poor debate performance has been touted as a sign of his resilience. However, some so-called bundlers, supporters who solicit donations from other donors, have expressed reluctance to ask for more money in the wake of the debate, citing the president's lackluster showing.The campaign's efforts to reassure donors have included sharing analogies to the success of Warren Buffett and the enduring appeal of the Star Wars franchise. Additionally, a top researcher in aging and brain health was enlisted to study Biden's and Trump's debate performances and other recent public engagements, with the conclusion that the president's cognitive ability was not on the decline, despite a significant decline in motor and mechanical capabilities.

Cracks in the Democratic Unity: Calls for Biden to Step Aside

The unified front of support from Democratic lawmakers has begun to show cracks, with some, such as Rep. Lloyd Doggett (D., Texas), calling on Biden to exit the race. This sentiment has also been echoed among some of the president's donor defenders, who have expressed a growing sense that they can no longer hide his declining physical frailty.In private calls with political-action committees and among donors, many have called for Biden to step down as the nominee. The feeling that he must drop out has "metastasized," according to one person who attended a recent fundraiser in the Hamptons. During a political-action committee call with about 100 donors, many attendees spoke about the need for Biden to step aside, citing his poor debate performance and the consensus that he would not be able to defeat Trump.

Exploring Potential Replacements: A Shifting Landscape

As the calls for Biden to step down as the Democratic nominee have grown louder, discussions have emerged about potential replacements. Among the names being considered are Vice President Kamala Harris, Michigan Gov. Gretchem Whitmer, and California Gov. Gavin Newsom. However, all three have publicly maintained their support for keeping Biden on the ticket.The push to draft a chief executive to replace Biden on the Democratic ticket has centered on attempts to persuade Jamie Dimon of JPMorgan Chase to run. Dimon has reportedly fielded calls from business people and politicians, but has rebuffed these overtures, citing a lack of desire to run in an election.

Donor Concerns and the Pursuit of Reassurance

Many of Biden's donor defenders have expressed a sense that they can no longer hide the president's declining physical frailty. Some have called for Biden to do an interview to provide reassurance about his acuity, and the White House has announced that the president will sit for an interview with George Stephanopoulos of ABC News.The fundraising events Biden held in the New York area over the past weekend were initially seen as a source of encouragement for his supporters. However, by Tuesday, that encouragement had given way to increasing concern about the viability of Biden's candidacy. One attendee of an East Hampton, N.Y., fundraiser said they had come out of the event thinking Biden would "survive this and it will be a blip and he will move on," but that they no longer held that opinion.The shifting landscape of donor sentiment and the growing calls for Biden to step aside have created a sense of uncertainty and unease within the Democratic party. As the president's team works to reassure supporters and address the concerns raised, the future of his candidacy remains a subject of intense speculation and debate.

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