These Democratic megadonors are pressuring Biden to drop out
These Democratic megadonors are pressuring Biden to drop out
www.businessinsider.com
These Democratic megadonors are pressuring Biden to drop out
25 comments
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So, now we should do what the moneyed class wants? 🙄 Surely these billionaires have our best interests at heart.
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Frankly, yes. But not because we should continue doing what the moneyed class wants, and not that these particular billionaires will continue to have our best interests at heart, but because right now, under this specific circumstance, they are correct. A correct position isn't negated by any number of other incorrect positions. If my best friend is telling me to lay down on some train tracks and my mortal enemy is saying that I shouldn't do it...
I hate that this is the mechanism that will probably get it done, but ultimately this is actually a good thing. This helps put us on the road that we need to start heading down. We need to do it quickly.
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Its also worth considering that Biden doesn't get practically any funding from small dollar donors. He's basically completely dependent on a very specific class of "megadonor", who can write million dollar+ checks.
If this particular class of donor is saying "drop him" he's toast. He's got no other supporters other than billionaire donors and those living in a gaslit fantasy around his viability. I guess they can open up their wallets.
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I don't think they should be a major influencer on decisions, but can you really argue that they aren't? This isn't a story to convince people of the rightness of the cause, it's a story about major influencing factors turning against Biden staying in, because people don't think that their voices actually make the decisions as much as theirs do.
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Is there a word to describe someone whose cynicism has metastasized?
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when the
real votersmean megadonors speak things usually get done-
I mean, for Biden that is certainly the case.
He relies entirely on this "class" of megadonor. The calculus would obviously be different with a candidate that is reliant on small dollar donations.
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Good quote from the article:
Abigail Disney, daughter of Roy O. Disney, the co-founder of the entertainment giant, told CNBC that she would cut off donations to Democrats entirely until Biden steps aside.
"Biden is a good man and has served his country admirably, but the stakes are far too high," Disney said. "If Biden does not step down, the Democrats will lose. Of that, I am absolutely certain. The consequences for the loss will be genuinely dire."
I wonder if uhh.. Abigail is on lemmy.
25 comments