Staff Reports
After Joe Biden’s catastrophic debate performance against Donald Trump, it seems the fundraising floodgates for his reelection campaign have slammed shut. Money talks in American politics, and right now, it’s screaming that President Joe is in deep trouble.
Sources within Biden’s camp are sounding the alarm on a significant drop in donations following his dismal debate showing. Reports indicate that the slowdown in funds has been nothing short of disastrous, with one insider noting that “the money has absolutely shut off.” Big-time donors are suddenly playing hard to get, with contributions plummeting by nearly half, and possibly even more.
The chorus of voices urging Biden to ditch his sinking ship is growing louder, and Democratic heavy-hitters are starting to tighten their purse strings. The recent national fundraising call between Biden and donors seemed to fall flat, with one insider describing it as contrived and unconvincing. The rats are scurrying, leaving the sinking ship of Biden’s campaign, thanks in no small part to his debate debacle.
Biden's fundraising hit disaster after poor debate performance. Huge trouble as major donors pull back donations. Democrat bigwigs close wallets. https://t.co/damlBZPt1H
— The America One News (@am1_news) July 11, 2024
This swift turnaround in donor sentiment is brutal to witness, even for those who don’t have an ounce of sympathy for Biden. It’s a harsh reality check for the former Vice President, as top fundraisers are reportedly hesitant to tap into their networks due to concerns about Biden’s viability as a nominee. The fear of being associated with a candidate who could potentially be suffering from cognitive decline is real, and it’s causing a ripple effect in fundraising circles.
While the onslaught of negative media coverage and scathing op-eds is undoubtedly damaging, the real gut punch for Biden is the vanishing funds. It’s a long overdue reckoning for a candidate who’s been coasting on fumes for far too long. The question now is whether Biden can weather this storm, or if his campaign will drown in a sea of financial woes.
