Less than 48 hours after President Joe Biden’s debate performance, the Democratic donor class is facing uncertainty and anxiety over the future of the party. Following the debate, the Biden campaign has commissioned new polling to assess the impact of the performance.
Within the wealthy Biden donor community, there are differing opinions on how to address the situation. Some are advocating for a pressure campaign to urge Biden to step aside, although the President has made it clear he has no intention of doing so. Others are suggesting a more cautious approach, recommending that drastic measures be considered only after a thorough evaluation of the fallout from the debate.
Meanwhile, a third group of donors and advisers, with less direct ties to Biden, is pushing for immediate action to seek out a new nominee, believing that time is of the essence.
The Democratic Party is currently conducting new polls and research to better understand the political implications of the debate performance, especially in key races that will impact the party's chances of regaining control of the House and maintaining its Senate majority.
A longtime adviser emphasized that for Biden to even contemplate stepping aside, he would need to be presented with compelling data showing that his reelection bid is at risk and could also jeopardize other Democratic candidates in various races nationwide.
If Biden were to exit the race, there are concerns about the lack of a clear succession plan within the Democratic Party, adding to the complexity of the situation.
Overall, the uncertainty surrounding Biden's candidacy has left many Democratic donors and advisers grappling with the potential implications for the party's future and the upcoming elections.
