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After Biden’s disastrous debate with Trump, major Democratic donors are considering three courses of action, revealing the person who will decide his fate

After Biden’s disastrous debate with Trump, major Democratic donors are considering three courses of action, revealing the person who will decide his fate

By Stephen M. Lepore for Dailymail.Com

05:29 01 July 2024, updated 05:58 01 July 2024



Major Democratic donors are considering three different options for dealing with Joe Biden after his poor performance in Thursday’s debate in Georgia.

The focus of this weekend’s debates was the Biden family, which gathered at Camp David to discuss the political future of their patriarch.

The family has pledged its full support to the president and even asked how it could become more involved. Troubled son Hunter insisted that his father re-enter the race.

However, many have begun to shift the blame, citing poor preparation by Biden’s advisers for the debate with Donald Trump and a bid for time as Democrats panic over his post-Atlanta plunge in the polls.

Democratic donors, former and current Washington power brokers, and Biden supporters have apparently agreed on three different paths they could take for the rest of this election season, knowing full well that there is only one person who will decide the fate of the campaign.

There are three different ways that Democratic big donors are considering dealing with Joe Biden after his weak debate performance in Georgia on Thursday

Many of the president’s wealthiest supporters are convinced that while Thursday was a disaster, there is not much they can do unless Biden makes the decision himself.

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“The smartest thing is to think through how you (as an influential outsider) are going to proceed, assuming no change,” Dmitri Mehlhorn, who organizes wealthy Biden supporters such as LinkedIn CEO Reid Hoffman, told CNN.

“And if there is no change, if Biden wants to remain president, then any kind of pressure campaign is just a waste of time, energy, effort and money,” added Melhorn, who admitted that much of the debate was “very disturbing to watch.”

Charles Myers, chairman of Signum Global Advisors and the Democrats’ biggest donor, immediately dismissed the idea of ​​replacing Biden.

“Yes, donors were nervous after the very poor performance in the debate, but they are still fully on board and some want to do more,” he said.

There is an opposing faction – although by and large no one has direct access or influence over Biden – that believes now is the time to get him to resign.

Tom Harkin, a former Democratic senator from Iowa who worked with Biden for decades, perhaps expressed this view most publicly in a letter to his allies after the debate.

“All sitting Democratic senators should write to Biden and ask him to release his delegates and resign so the convention can elect a new candidate,” Harkin wrote.

“The smartest thing is to think through how you (as influential outsiders) will proceed if you assume that nothing will change,” said donor organizer Dmitri Mehlhorn.
Signum Global Advisors chairman and Democrats’ biggest donor, Charles Myers, immediately rejected the idea of ​​replacing Biden

“These are dangerous times and more important than Joe Biden’s ego or his desire to remain president,” he added, saying a new slate of candidates would “inject new energy into the party at all levels” and be able to beat Donald Trump.

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A third path is emerging among some donors who are alarmed by Biden’s performance but want to study the reaction to Thursday’s debate more closely before making big moves, but are still planning ahead.

“It’s time to do polls and find out if there are potential successors who are doing better in the polls than Trump,” said businessman Mark Cuban, who endorsed Biden this week.

Ultimately, Joe Biden himself is the only person who can decide the fate of this election campaign.

“The party is in President Biden’s hands – for better or for worse. He deserves our respect and the freedom to make any decision he wants,” said a Democratic senator who spoke to CNN anonymously.

Another party insider told the network that there was simply no viable replacement plan.

“There is no real succession plan. That makes the whole thing not only heartbreaking but also very problematic.”

The CNN appearance, in which Joe Biden gave aimless answers and lost the thread, triggered unprecedented panic in the party.

President Biden has secured the nomination. The only way for the party to field another candidate is if he voluntarily drops out of the race.

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However, it seems that the president is in a difficult position after Thursday’s debacle.

A poll released Sunday shows that 72 percent of voters believe Biden does not have the cognitive ability to serve another term, up 7 percent from the same poll conducted in early June before the debate.

Former White House physician Rep. Ronny Jackson (R-Texas) has repeatedly questioned Biden’s cognitive and physical health.

He said the seven days of debate preparation at Camp David was an opportunity to administer the drug cocktail at just the right time before the confrontation with Trump.

Doubts about Biden’s mental and cognitive health increased from before to after the debate.

Biden stumbled through the debate with Trump on Thursday, often speaking quietly, mumbling or losing his train of thought. When Trump spoke, the split screen showed the president with his mouth open and a blank stare.

The result sparked a chorus of calls for Biden to end his candidacy – even from some of his biggest supporters.

Many have begun to cast blame, pointing to Biden’s advisers for poor debate preparation with Donald Trump. Time is running out as Democrats panic about Biden plummeting in the polls after Atlanta.

On the other hand, Trump’s performance in the debate only increased his party’s support.

Fifty percent of registered voters believe that the 78-year-old has the cognitive abilities to run for a second term in 2024 – only 27 percent think so of Biden.

It’s unclear what will happen next, but Biden is spending Sunday at Camp David, where he’s talking to his family about the future of this race.

Some blame First Lady Jill Biden for forcing her husband to continue his campaign. Republican Rep. Harriet Hageman (R-Wy.) accused the First Lady of “age abuse.”