Democratic Megadonors Worry That Their Effort To Remove Biden Has Backfired

Democratic megadonors are finding out that it is the voters, not the big checkbooks, that hold the power in the Democratic Party.

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Democratic Megadonors Get A Reality Check

These are not the kind of checks that the richest donor Democrats are used to seeing.

Something has always been off with the effort to oust President Biden. It wasn’t like everyone woke up the day after the debate and realized that Joe Biden is 81 years old. There was no plot to hide the fact that Biden is an elder, which is why if the monied class within the Democratic Party was worried about Biden’s age, it was odd that they didn’t do something about it before the 2024 primary.

The wealthy Democratic donors could have funded a legitimate primary challenger to President Biden, forced primary debates, and given voters a real choice.

I am a big believer in incumbent presidents being primaried. A primary helps presidents shift back from governing mode to candidate mode. A good primary gets the rust off, and any issues with the incumbent are seen and addressed before the general election campaign.

If there were concerns about Biden, the time to act was last year, not when voters will begin to cast their ballots in two months.

Since the debate, wealthy Democratic megadonors have decided to throw their weight around, but they are being hit with reality.

The New York Times reported:

For all their riches and ambitions, many Democratic contributors and their big-money advisers have become resigned to the notion that their influence is fairly limited, and are trying not to be naïve. A sense of powerlessness pervades.

After all, Mr. Biden is not, as one major Democratic donor put it, subject to a vote by the wealthy. And he and his team have bristled against wealthy “elites” who are trying to force him out of a Democratic nomination that he won democratically, heightening concerns from major donors who are already nervous about their efforts backfiring if they are seen as bullies.

Megadonors are very wealthy people who are used to being in charge, but they have found that their power is limited in this situation.

Read on, and we’ll discuss who has the real power over Biden’s candidacy.