• dhork@lemmy.world
    link
    fedilink
    English
    arrow-up
    7
    arrow-down
    5
    ·
    5 months ago

    NYT is reporting on a hastily arranged call of the DNC finance committee today with some big donors. I don’t see a non-paywalled source about it, but I assume it is happening.

    That is a hugely important meeting because if Biden’s donors say they will not support the campaign financially anymore, that will be one of the dominoes that would need to fall to get Biden to back out. Campaigns are expensive, and Trump’s fundraising is focused on his campaign as third priority, after paying his legal bills and Trump himself.

    I’m not really sure whether Biden can pull this off or not, but his chances are zero if his big donors stop giving.

    • givesomefucks@lemmy.worldOP
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      8
      ·
      edit-2
      5 months ago

      Campaigns are expensive,

      Moderate Dem campaigns are expensive in that they need big money donors to convince voters to hold their noses.

      Progressive Dem campaigns are essentially free because the voters themselves are donating the bulk of the money.

      The same efforts spent to get voters, naturally gets donors.

      I don’t think people realize how much time and effort Biden and the DNC put into getting these big fundraisers with George Clooney when it’s a completely unnecessary step.

      It shouldn’t take 2 billion dollars to get more votes than trump, but that’s what its been projected to cost to get Biden back in the White House. And that was before America saw him at the debate…

      If the DNC is doing things behind the scenes, it’s probably to re-route the big incoming dark money push to make sure it’ll still land on a party favorite.

      Last election it was 64 million in a single donation that no one knows where it came from…

      Yet in the summer of 2020, when a blandly named entity called the Impetus Fund received a $64 million donation from a single anonymous source, it touched off a guessing game with broad political implications.

      That single anonymous donation, routed through a series of accounts, eventually would be used to help Joe Biden defeat Donald Trump in the 2020 presidential election. Critics say it has come to illustrate an increasingly opaque system of funding elections that in 2024 could reach a scale that dwarfs all previous election cycles.

      https://www.cbsnews.com/news/the-64-million-mystery-anonymous-donations-2024-presidential-campaign/

      We can’t just blindly keep supporting anyone that’s not a Republican. We’ve been doing it for a long time and it’s not fucking working.

      • intelisense@lemm.ee
        link
        fedilink
        arrow-up
        4
        ·
        5 months ago

        That’s is NOT the year to fuck around. If Trump wins, the chance that he will declare himself president for life is WAY too high and apparently perfectly legal now.

      • Zaktor@sopuli.xyz
        link
        fedilink
        English
        arrow-up
        2
        ·
        5 months ago

        Progressive Dem campaigns are essentially free because the voters themselves are donating the bulk of the money.

        Ya, people forget that Bernie was always the top money raiser during the primary and Warren was usually #2, both on small donations. And that was during the primary when individual donations from Democrats were spread across many options.

        In February 2020, Bernie + Warren raised $67M in individual donations. The entire rest of the crowd totaled $56M. Democrat individual donations can put out $123M in single month. For a primary, in a single month.

        When it was Biden alone going into the 2020 general, he was pulling in $160M in small donations. That’s more than Trump raised during most of his 2016 campaign. We don’t need to be beholden to these large donors.