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Biden's debate stumble comes at a crucial moment in the fundraising race
Yahoo Finance ^ | Jun 28, 2024 | Ben Werschkul

Posted on 06/28/2024 8:32:36 AM PDT by lasereye

Democratic alarm over Joe Biden's widely panned debate performance Thursday night quickly spread through the party's donor class, increasing the uphill climb facing the president in the race for dollars this summer.

Biden previously lost the fundraising battle with Donald Trump in both April and May and had less cash in the bank at the beginning of this month.

The president's campaign is aiming to change that with a fundraising swing that begins this evening with a campaign reception in Manhattan. He is then scheduled to travel to the wealthy Hamptons enclave this weekend for more events before a fundraising deadline at the end of the month.

But the debate performance raised a new wave of doubts among those who fund the president. Many Democrats and other political observers are even asking if Biden will stay on the ticket at all, with the president insisting he's not going anywhere.

One indication of the newly wary donor mood came from the camp of Reid Hoffman. The billionaire co-founder of LinkedIn has been Biden's No. 1 individual donor.

On Thursday evening, under a subject heading asking “what just happened," a top Hoffman adviser used a note sent to Hoffman's network of friends and allies to offer assurance while also acknowledging what was obvious to many about Biden's debate performance.

"Joe had a horrible night, cementing concerns about his age, his greatest electoral weakness," said the note reviewed by Yahoo Finance.

"Our odds of Trumpocalypse II just materially increased," the adviser added, while also cautioning the recipients to "take a deep breath."

On Thursday night, the president repeatedly offered hard-to-follow answers in the face of broadside after broadside from Trump. In one moment, Biden appeared to lose his train of thought completely, playing directly into voter concerns about his fitness for office.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: biden; debate; fundraising; trump
Reid Hoffman is a despicable human being. He funded the phony sexual assault lawsuit against Trump.

The donors might actually be able to force Biden to drop out by making it clear that they won't give him more money. But they must realize that he would have to be replaced with Harris who is a sure loser. They might bribe her behind the scenes.

1 posted on 06/28/2024 8:32:36 AM PDT by lasereye
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To: lasereye

Sime have speculated Kamala would step out for a Supreme Court nomination, but there are no vacancies on the court, so not sure how they can pull that off.


2 posted on 06/28/2024 8:36:09 AM PDT by Dilbert San Diego
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To: Dilbert San Diego

Knock off a Justice?


3 posted on 06/28/2024 8:41:50 AM PDT by dpetty121263
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To: lasereye

You can tell the word went out through Journolist 2.0 - today’s password is “stumble”. Every mainstream media outlet is using that word to describe and minimiize Biden’s disastrous performance.


4 posted on 06/28/2024 8:45:26 AM PDT by rockvillem
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To: rockvillem

And it was interesting, how so many talking heads said their cell phones vibrated during the debate, with urgent messages that OMG, Joe has got to go.


5 posted on 06/28/2024 8:50:09 AM PDT by Dilbert San Diego
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To: lasereye

Hollyweird says President Retard is the man because they know everything


6 posted on 06/28/2024 9:16:28 AM PDT by NWFree (Somebody has to say it 🤪)
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To: lasereye

George Clooney and Julia Roberts raised 30 million dollars for this RETARD


7 posted on 06/28/2024 9:20:01 AM PDT by NWFree (Somebody has to say it 🤪)
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To: NWFree

Biden should pocket the campaign money and put it in an offshore account—since he knows no matter what he does he will never be prosecuted.


8 posted on 06/28/2024 9:22:04 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: cgbg

“”Biden should pocket the campaign money and put it in an offshore account—since he knows no matter what he does he will never be prosecuted.””

Joe himself needs to be put in an OFFSHORE something!!! Throw away the key....


9 posted on 06/28/2024 9:34:11 AM PDT by Thank You Rush
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To: lasereye

At some point in the near future, donations to Biden’s campaign are going to dry up. Who in their right mind is going to throw money at a lost cause?

The multi- billion and millionaires who want to have any influence in the next Trump administration might even start donating to Trump, or might focus their donations on Representative and Senate races.


10 posted on 06/28/2024 1:30:01 PM PDT by WASCWatch ( WASC)
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