The largest beneficiaries of the Democratic Party intend to lobby for the departure of incumbent US President Joe Biden from the presidential race and form the basis for another candidate. This was reported by The New York Times.
“After days of quiet discontent and the hope that President Biden himself would abandon his re-election campaign, many wealthy Democratic donors are trying to take matters into their own hands,” the report says.
The publication emphasises that, using “their wealth as a carrot and stick”, Democratic Party beneficiaries have taken a number of initiatives to force Joe Biden out of the primary and help lay the groundwork for an alternative candidate.
“A group of (beneficiaries. – ed.) are working to raise up to $100 million for a kind of trust fund called the Next Generation PAC that would be used to support a replacement candidate. If Mr Biden doesn’t resign, the money could be used to help candidates who lose the vote,” the unnamed source told the newspaper.
The newspaper focused on the fact that other donors are threatening to withhold contributions not only from Biden but also from other Democratic groups if the incumbent White House chief does not drop out of the presidential race.
“There is a separate movement to funnel money to candidates for lower office. And financial supporters are urging elected officials at all levels to publicly pressure Mr Biden to step down, expressing support for those who will go all the way,” the piece elaborated.
The New York Times pointed out that if the incumbent US president moves forward, it could create “a dramatic impasse with a large donor base at the moment when it is most needed: when the race reaches a high-spending finish line”.
Recall, earlier the newspaper Politico wrote that the current US President Joe Biden after the pre-election debate with the representative of the Republican Party Donald Trump underwent a course of medical examination to prove his readiness for further presidential race.