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brooklynite

(96,882 posts)
Wed Jul 10, 2024, 06:11 PM Jul 2024

'It's already disastrous': Biden campaign fundraising takes a major hit

NBC News

President Joe Biden’s campaign has already suffered a major slowdown in donations and officials are bracing for a seismic fundraising hit, with the fallout from a debate nearly two weeks ago taking a sizable toll on operations, according to four sources close to the re-election effort.

...snip...

Two of the sources said this month is on a path to be down by possibly half — “or much more,” one of them said — from large donors alone. Sources emphasized that the donations were down across the board.

“Donors are negative. They had a call with the president. The call seemed so contrived to people; I don’t think they buy it,” one of the people close to the campaign said, referring to a recent national fundraising call between Biden and donors. “They called on people who were the most loyal, die-hard … There were no tough questions for the president."

Initially after the debate, the campaign reported an uptick in donors. But that quickly fell off, the sources said.


I was on the donor call, and the President was energetic, but I'll agree, there were no questions to him or the campaign team about righting the ship. I had put in a Q&A request but didn't get picked.

143 replies = new reply since forum marked as read
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'It's already disastrous': Biden campaign fundraising takes a major hit (Original Post) brooklynite Jul 2024 OP
The sky is falling! The sky is falling! LeftInTX Jul 2024 #1
Well, not really. lees1975 Jul 2024 #104
Thank you,lees1975!! I'm sick of all the twisted "news" crap going against Biden. BComplex Jul 2024 #128
Yeah, post-debate Biden raised twice as much in half the time as Trump. lees1975 Jul 2024 #138
I just sent him $100. I'll take my chances. Firestorm49 Jul 2024 #2
I sent some money yesterday too. Not as much as you did, Greybnk48 Jul 2024 #27
I sent him some $$ today, though not as much as you. greatauntoftriplets Jul 2024 #40
Mahalo Kiddo!!💙🌊🇺🇸🕊️ Cha Jul 2024 #52
Thanks, Cha. greatauntoftriplets Jul 2024 #55
Yeah it feels good to Cha Jul 2024 #61
It definitely does. greatauntoftriplets Jul 2024 #67
Yeah this has been Cha Jul 2024 #72
If it's bad for us, I can't imagine what it's been like for President Biden. greatauntoftriplets Jul 2024 #77
Yes I have thought of that. Cha Jul 2024 #93
Sharks need to go after drumpf since he's terrified of them. greatauntoftriplets Jul 2024 #94
Opened du saw this op Lifeafter70 Jul 2024 #109
Good for you. greatauntoftriplets Jul 2024 #113
Yep Lifeafter70 Jul 2024 #115
" four sources close to the re-election effort." who also happen to work on putins troll farm. nt ImNotGod Jul 2024 #3
You have evidence for that? brooklynite Jul 2024 #6
Well .. FarPoint Jul 2024 #35
The campaign needs close to a billion dollars for the campaign. brooklynite Jul 2024 #41
They are doing just fine...we will support Biden FarPoint Jul 2024 #63
And now you have identified the root cause of all our problems Grolph_ Jul 2024 #86
Fucking classic! FHRRK Jul 2024 #87
Yes, "un-named" sources say that while the campaign itself says something very different... Think. Again. Jul 2024 #68
However, Trump outraised Biden in the second quarter: Music Man Jul 2024 #100
That maybe so... sheshe2 Jul 2024 #111
That article does not contradict the OP hardluck Jul 2024 #108
When was the last time you posted a positive post Emile Jul 2024 #4
Did you bother to check? brooklynite Jul 2024 #11
Your positive posts just don't get the clicks LOL! LeftInTX Jul 2024 #16
Some have reputations. shrike3 Jul 2024 #19
Usually well-earned Prairie Gates Jul 2024 #71
... sheshe2 Jul 2024 #117
He posted three very long positive posts after SO many doomsday posts jmbar2 Jul 2024 #74
Thanks Emile Jul 2024 #75
I'm just amazed at so many long posts in such a short period of time jmbar2 Jul 2024 #78
So we should choose our nominee for President based on a poll of donors? Jersey Devil Jul 2024 #5
Did somebody say that? brooklynite Jul 2024 #12
Well, all your posts seem to be suggesting that Biden should withdraw so what other conclusion can there be Jersey Devil Jul 2024 #24
I don't think my posts suggest anything. brooklynite Jul 2024 #33
Breathlessly declaring a "disaster" is what started this whole mess to begin with Jersey Devil Jul 2024 #42
https://www.democraticunderground.com/100219131688 Think. Again. Jul 2024 #73
Doesn't have the "party" unified behind him. choie Jul 2024 #101
Soooo... sheshe2 Jul 2024 #116
I love this post so, so very much. edisdead Jul 2024 #121
Thank you, ed. sheshe2 Jul 2024 #127
Right? it's one of those Bettie Jul 2024 #122
They are taking their ball and going home!!! sheshe2 Jul 2024 #130
They are so used to their money insulating them Bettie Jul 2024 #131
Major donors, in fact. bluescribbler Jul 2024 #37
Yeap.... FarPoint Jul 2024 #57
Sometimes you get a big boost in fundraising because something good happened. BlueCheeseAgain Jul 2024 #7
NO. The boost after the debate was born of commitment to the candidate! nt Trueblue Texan Jul 2024 #105
Maybe Joe should commit some felonies. LuvLoogie Jul 2024 #8
In the next debate, he should refuse to answer the questions. kerry-is-my-prez Jul 2024 #112
thank gosh for anonymous people, NBC would wither away if it had to actually name sources nt msongs Jul 2024 #9
Nobody seemed to care when anonymous sources spill the beans on the Trump White House. brooklynite Jul 2024 #14
We also have elite newspapers like the Times making journo 101 errors. shrike3 Jul 2024 #25
Got Hillary in there. Good job. shrike3 Jul 2024 #10
Why yes, yes they did. sheshe2 Jul 2024 #118
When in doubt, slam Hillary. shrike3 Jul 2024 #123
So...what's the solution? Blaukraut Jul 2024 #13
If Biden to withdraw, the new candidate will have to collect his own funds. LisaL Jul 2024 #15
Could Biden turn those funds over to the new nominee? Blaukraut Jul 2024 #21
Nope. Unless its Harris, all that money goes back to the donors. shrike3 Jul 2024 #26
And if they step over Biden and Kamala, they might as well give the Trump keys to the White House right now, LisaL Jul 2024 #46
Yep. But the PTB know so much better than us peons. shrike3 Jul 2024 #48
They will get their tax cuts if Trump is elected. LisaL Jul 2024 #50
I guess the simplest answer is usually the correct one. shrike3 Jul 2024 #51
False. Fiendish Thingy Jul 2024 #62
Different than everything I've read, from reputable sources. It goes back to donors, who can then redonate shrike3 Jul 2024 #88
Well, you made the initial assertion, so show your work Fiendish Thingy Jul 2024 #89
Here ya go. NBC okay? shrike3 Jul 2024 #91
From your link: Fiendish Thingy Jul 2024 #92
Um -- you know a superpac is not a candidate, right? shrike3 Jul 2024 #95
You claimed the Biden-Harris campaign *must* return donations to donors Fiendish Thingy Jul 2024 #97
its not that you have to return the money to donors if the campaign ends... brooklynite Jul 2024 #99
Okey-dokey. And here I thought you said Biden could just give the money to the next candidate. shrike3 Jul 2024 #124
If he's going to continue as the nominee... brooklynite Jul 2024 #17
He actually doesn't need to do anything. LisaL Jul 2024 #22
Not the issue... brooklynite Jul 2024 #28
Here, I will agree. shrike3 Jul 2024 #30
And would it have done any good to switch out Bernie for Hillary? LeftInTX Jul 2024 #66
I - again - am not saying Biden should be replaced. brooklynite Jul 2024 #69
So says the "Party line" choie Jul 2024 #103
What more can he do, though? Blaukraut Jul 2024 #45
He has to sit down with them directly. brooklynite Jul 2024 #47
Doesn't Joe have a press conference tomorrow? Just_Vote_Dem Jul 2024 #49
Will it help? Yes. Will it be a BIG help? I don't know. brooklynite Jul 2024 #53
Thank you n/t Just_Vote_Dem Jul 2024 #54
That's a reasonable ask. n/t Blaukraut Jul 2024 #56
I agree. shrike3 Jul 2024 #96
Yup. sheshe2 Jul 2024 #133
DO NOT NEGOTIATE WITH TERRORISTS. Nt BootinUp Jul 2024 #18
Care to elaborate? brooklynite Jul 2024 #20
No. BootinUp Jul 2024 #23
Sounds like Carville's making progress. Good for him. (sarcasm) shrike3 Jul 2024 #29
I think we all can learn from BIden taking sh* t + plowing ahead ... DoBW Jul 2024 #44
Don't underestimate guys like Biden. shrike3 Jul 2024 #135
jfc... donate folks. Especially if you are demanding that the critics shut up. ecstatic Jul 2024 #31
Why even post this propaganda? FarPoint Jul 2024 #32
Its useful to know the facts and respond accordingly... brooklynite Jul 2024 #36
Exactly, thanks again n/t Just_Vote_Dem Jul 2024 #39
Me too. ananda Jul 2024 #58
boom there it is DoBW Jul 2024 #59
Thanks for this and your other posts on the subject Just_Vote_Dem Jul 2024 #34
Thanks for the reminder to kick in another 50 bucks. emulatorloo Jul 2024 #38
Oh hi. phylny Jul 2024 #43
Me too on both points.. PunkinPi Jul 2024 #139
Umm they raised $127 Million in June with $38 million of that after the debate on the 27th krawhitham Jul 2024 #60
Yes there was a spurt after the debate; it has subsequently dropped off. brooklynite Jul 2024 #64
Un-named sources say that, the campaign itself says very different..... Think. Again. Jul 2024 #65
Post removed Post removed Jul 2024 #70
He's already collected plenty of money. LisaL Jul 2024 #80
There's a similar post with a few names LeftInTX Jul 2024 #76
As long as they send the money to Democrats running for Congress, it should be fine. Freethinker65 Jul 2024 #79
I just came home tonight from an event filled with Dems mainer Jul 2024 #81
Well, the average folks, the ones who are not politically connected that I know, aren't talking about the debate at all. shrike3 Jul 2024 #136
It'll be a problem until it stops being profitable saying that there's a problem. nt Buns_of_Fire Jul 2024 #82
Here's a question for you Deminpenn Jul 2024 #83
My feelings exactly. LisaL Jul 2024 #84
I think you meant "wouldn't" in the last sentance FHRRK Jul 2024 #90
You're aware that I don't support replacing Biden, right? brooklynite Jul 2024 #98
Maybe not Jersey Devil Jul 2024 #102
No, but good to know. That gives you a special responsibility Deminpenn Jul 2024 #119
I've shared my opinion, as well as what I think Biden needs to do... brooklynite Jul 2024 #125
Good job, then Deminpenn Jul 2024 #137
I just donated too LostOne4Ever Jul 2024 #85
Amazing that a Rapist Felon Insurrectionist has total support from his party and followers but NoMoreRepugs Jul 2024 #106
Sometimes I think we are being punished for our kerry-is-my-prez Jul 2024 #114
Yeah, right gay texan Jul 2024 #107
ooooh...somebody's seeing their tax breaks slip away. ret5hd Jul 2024 #110
In which case, why were they finding Biden in the first place? brooklynite Jul 2024 #129
Uh huh..... edisdead Jul 2024 #120
Four sources close to the re-election effort?!! Horrors!!! Scrivener7 Jul 2024 #126
Gotta love that this was meant to be a grim and demoralizing humble brag post BannonsLiver Jul 2024 #132
This was means to be news. brooklynite Jul 2024 #141
Warning! I'll be posting a summary of my large donors call today with the Biden campaign... brooklynite Jul 2024 #142
WTF would you expect. Big donors are on hold until the Democrats get their act JohnSJ Jul 2024 #134
I am absolutely not surprised Baggies Jul 2024 #140
This message was self-deleted by its author DiamondShark Jul 2024 #143

BComplex

(9,892 posts)
128. Thank you,lees1975!! I'm sick of all the twisted "news" crap going against Biden.
Thu Jul 11, 2024, 10:33 AM
Jul 2024

We really need to keep pushing back HARD to get the truth out. We are definitely up against a lying machine that has millions of dollars of disinformation behind it.

lees1975

(7,036 posts)
138. Yeah, post-debate Biden raised twice as much in half the time as Trump.
Thu Jul 11, 2024, 11:57 AM
Jul 2024

I've only heard of one major donor who's openly said she's witholding support.

And we also must consider that a good chunk of Trump's donations go to pay his legal fees. So that's one step forward, three steps back.

Greybnk48

(10,717 posts)
27. I sent some money yesterday too. Not as much as you did,
Wed Jul 10, 2024, 06:28 PM
Jul 2024

but a repeater. To Tammy Baldwin as well.

Cha

(318,770 posts)
61. Yeah it feels good to
Wed Jul 10, 2024, 06:57 PM
Jul 2024

Contribute whatever we can.. so Biden hears from all kinds of people!

greatauntoftriplets

(178,941 posts)
77. If it's bad for us, I can't imagine what it's been like for President Biden.
Wed Jul 10, 2024, 07:20 PM
Jul 2024

The overreaction to it has been disheartening. It's a dog-eat-dog world out there.

Cha

(318,770 posts)
93. Yes I have thought of that.
Wed Jul 10, 2024, 09:00 PM
Jul 2024

The sharks 🦈 don’t need much if they smell blood 🩸 in the water 💦.

ImNotGod

(1,194 posts)
3. " four sources close to the re-election effort." who also happen to work on putins troll farm. nt
Wed Jul 10, 2024, 06:14 PM
Jul 2024
 

brooklynite

(96,882 posts)
6. You have evidence for that?
Wed Jul 10, 2024, 06:16 PM
Jul 2024

I'm a member of the National Finance Committee and don't find the statements questionable.

FarPoint

(14,744 posts)
35. Well ..
Wed Jul 10, 2024, 06:32 PM
Jul 2024

It does not reflect the massive, ongoing support we have for Biden today and who will vote for Biden in November....

It's the vote that ultimately matters

 

brooklynite

(96,882 posts)
41. The campaign needs close to a billion dollars for the campaign.
Wed Jul 10, 2024, 06:36 PM
Jul 2024

The "massive, ongoing support" reflects the base voters which are not enough to win.

As admirable as grassroots donors are, the campaign is also dependent on mega donors.

FarPoint

(14,744 posts)
63. They are doing just fine...we will support Biden
Wed Jul 10, 2024, 07:01 PM
Jul 2024

he wins with votes.... yes I said votes....the GOTV efforts are full steam ahead....every vote counts...

Grolph_

(173 posts)
86. And now you have identified the root cause of all our problems
Wed Jul 10, 2024, 08:20 PM
Jul 2024
The campaign needs close to a billion dollars
 

Think. Again.

(22,456 posts)
68. Yes, "un-named" sources say that while the campaign itself says something very different...
Wed Jul 10, 2024, 07:07 PM
Jul 2024
Biden’s campaign announces a $264 million fundraising haul in 2nd quarter during post-debate anxiety

"WASHINGTON (AP) — President Joe Biden ‘s reelection campaign and the Democratic National Committee announced Tuesday that they’d raised $264 million in the year’s second quarter, an impressive haul that may help them calm fears within their own party about last week’s shaky debate performance.

The total includes $127 million collected during June alone, when the campaign says it took in more than $33 million on the day of the debate and in its aftermath. Biden also has $240 million in cash on hand, outpacing the $212 million it reported having last month."


Source: https://apnews.com/article/election-biden-fundraising-democrats-8492425af85796ad77844b77db6d0f30

Music Man

(1,664 posts)
100. However, Trump outraised Biden in the second quarter:
Wed Jul 10, 2024, 11:41 PM
Jul 2024
https://thehill.com/homenews/campaign/4752399-trump-biden-campaign-fundraising/

Unfortunately, for anything we may do, Trump and Company are trying to win an election too. Whatever we're doing, it's not enough.

sheshe2

(97,397 posts)
111. That maybe so...
Thu Jul 11, 2024, 12:12 AM
Jul 2024

However his grifting DIL now one of the heads of the RNC:

Lara Trump vows ‘every single penny’ of RNC funds will go to Trump
“The RNC is about to become ‘Republican In Name Only,’ funneling all that donated money to pay for Trump trials around the country instead of elections,” says Chris Hayes on Lara Trump promising to spend all of the RNC’s cash to fund her father-in-law’s re-election campaign.
Feb. 15, 2024

https://www.msnbc.com/all-in/watch/lara-trump-vows-every-single-penny-of-rnc-funds-will-go-to-trump-204321861629

That $$$ is going to his legal fees.

hardluck

(781 posts)
108. That article does not contradict the OP
Thu Jul 11, 2024, 12:06 AM
Jul 2024

Your article discusses collections for the 2d quarter ending June 30. The OP discusses collections for July. Both can be true, e.g., great collections for the 2d quarter and a substantial slide in July.

Emile

(42,140 posts)
4. When was the last time you posted a positive post
Wed Jul 10, 2024, 06:15 PM
Jul 2024

Last edited Wed Jul 10, 2024, 06:59 PM - Edit history (1)

about the reelection of our Democratic President?

Jersey Devil

(10,831 posts)
5. So we should choose our nominee for President based on a poll of donors?
Wed Jul 10, 2024, 06:15 PM
Jul 2024

and, once more, unnamed "sources"?

Donors are important to be sure, but they follow the wave rather than generate it.

 

brooklynite

(96,882 posts)
12. Did somebody say that?
Wed Jul 10, 2024, 06:20 PM
Jul 2024

How about: Donors are uncomfortable contributing more to a race they worry will be lost.

Based on the people I know, they'll shift their funds to the House and Senate races.

Jersey Devil

(10,831 posts)
24. Well, all your posts seem to be suggesting that Biden should withdraw so what other conclusion can there be
Wed Jul 10, 2024, 06:26 PM
Jul 2024

Of course, then the new nominee, providing it is not Kamala, will have to raise their own money because, as I understand it, they can't use Joe's pile of money. So then donors will have to pony up again, from scratch, probably spending way more than they anticipated to begin with.

 

brooklynite

(96,882 posts)
33. I don't think my posts suggest anything.
Wed Jul 10, 2024, 06:31 PM
Jul 2024

They point out that Biden, while he has the delegate votes to be the nominee, doesn't have the Party unified behind him. That's a problem he needs to address.

Jersey Devil

(10,831 posts)
42. Breathlessly declaring a "disaster" is what started this whole mess to begin with
Wed Jul 10, 2024, 06:37 PM
Jul 2024

Joe had a bad debate. He didn't drool on himself or shit his pants onstage like some donors and Dem pols suggest he did. Seems to me that you are just helping amplify the noise.

 

Think. Again.

(22,456 posts)
73. https://www.democraticunderground.com/100219131688
Wed Jul 10, 2024, 07:12 PM
Jul 2024

REPORT FINDS BIDEN DEBATE CRISIS IS A BOGUS MEDIA CREATION

A new multi-university research project found that the debate did nothing to change voter preferences and that Biden is actually doing a better job of holding on to his supporters after the debate than Trump.

A multi-university project called CHIP50, which includes Northeastern University, Harvard University, Rutgers University, and the University of Rochester, issued a new report concluding that the first presidential debate had no impact on voter preferences.

The report found:

The predominant pattern we see in the data is stability in voters’ preferences. Overall, 94% of those who chose Biden and 86% of those who chose Trump in our May survey still preferred the same candidate after the debate. There was a small rate of change from Biden to Trump or vice versa– less than 3% shifted in either direction. We observed more churn between those who favored either Biden or Trump and the “Other” category. About 4% of Biden’s and 6% of Trump’s supporters in the earlier wave shifted to “Other” post-debate. At the same time, 6% of “Other” shifted to Biden, and another 6% shifted to Trump.

The net effect of this churn was still quite small: out of a total sample of 1262 repeat respondents, there was a net shift toward support for Biden of 36 voters, and for Trump of 27 voters.
-snip-

choie

(6,899 posts)
101. Doesn't have the "party" unified behind him.
Wed Jul 10, 2024, 11:48 PM
Jul 2024

Who is this Party you speak of? The donors and the political operatives?

sheshe2

(97,397 posts)
116. Soooo...
Thu Jul 11, 2024, 12:31 AM
Jul 2024

That was the consensus after your big closed door meeting with the money men?

Defund Biden because he won't step down? I sure hope that wasn't the case because he is the only chance we have of winning. During your big meeting did you discuss a new candidate and how you could possibly get them up and running and on the ballot in 112 days. I ask this because all the people that have called for him to step down not once have they told us how this will work.

Bettie

(19,645 posts)
122. Right? it's one of those
Thu Jul 11, 2024, 09:19 AM
Jul 2024

Biden steps down...something happens...VICTORY! things.

No actual plan, just the desire to ensure that most Democrats who voted in the primary understand that their vote did not count. At. All.

Perhaps the money people are willing to sink a couple of billion into a late race Hail Mary, but I doubt it.

However, the people who are demanding it are wealthy enough that hey will be safe from the dictatorship that the rest of us will be living under.

sheshe2

(97,397 posts)
130. They are taking their ball and going home!!!
Thu Jul 11, 2024, 10:46 AM
Jul 2024
However, the people who are demanding it are wealthy enough that hey will be safe from the dictatorship that the rest of us will be living under.


They think they will be…but who knows.

Bettie

(19,645 posts)
131. They are so used to their money insulating them
Thu Jul 11, 2024, 10:55 AM
Jul 2024

from things that it would be a shock to them if they actually had to face what the rest of us face.

bluescribbler

(2,509 posts)
37. Major donors, in fact.
Wed Jul 10, 2024, 06:33 PM
Jul 2024

Why not look at the grassroots? I have seen no evidence that the debate hurt the President with actual voters. What we need to do is to keep the faith with the people who already supported him and to convince the undecided or wavering that there is no alternative if they don't want to see the country destroyed.

BlueCheeseAgain

(1,983 posts)
7. Sometimes you get a big boost in fundraising because something good happened.
Wed Jul 10, 2024, 06:16 PM
Jul 2024

President Biden got a boost right after he nailed the State of the Union, for example.

The boost after the debate felt like it was more born out of desperation and worry.

kerry-is-my-prez

(10,264 posts)
112. In the next debate, he should refuse to answer the questions.
Thu Jul 11, 2024, 12:15 AM
Jul 2024

Like Trump (and a lot of other candidates do). Answer with something good that he’s done or something derogatory about Trump. Have these soundbites developed and at the ready.

msongs

(73,682 posts)
9. thank gosh for anonymous people, NBC would wither away if it had to actually name sources nt
Wed Jul 10, 2024, 06:18 PM
Jul 2024
 

brooklynite

(96,882 posts)
14. Nobody seemed to care when anonymous sources spill the beans on the Trump White House.
Wed Jul 10, 2024, 06:21 PM
Jul 2024
 

shrike3

(5,370 posts)
25. We also have elite newspapers like the Times making journo 101 errors.
Wed Jul 10, 2024, 06:27 PM
Jul 2024

Why I keep my skepticism handy.

sheshe2

(97,397 posts)
118. Why yes, yes they did.
Thu Jul 11, 2024, 12:48 AM
Jul 2024
The doubts go beyond Biden’s cognitive abilities. His positive talk about polling in the ABC News interview, for example, sounded "actually quite Trumpian,” the donor said, and it has caused donors to question where he is getting his information from.


One donor said he feared the re-election effort is out of touch with reality and may be repeating the delusions of Hillary Clinton’s 2016 campaign, leading Biden to make dangerously flawed assessments about his standing in the race.


-from the OP link

Holy shit. That article is a hit piece.

Blaukraut

(5,992 posts)
13. So...what's the solution?
Wed Jul 10, 2024, 06:20 PM
Jul 2024

What more should or could Biden do that's within the realm of the feasible to warm up cold donor feet? At this point, he is who he is and won't magically run around like a man half his age and sound like it, too. Would our chances be better at beating Trump if Biden did withdraw from the race?

There just don't seem to be any good options that would increase our odds of winning in November.

LisaL

(47,418 posts)
15. If Biden to withdraw, the new candidate will have to collect his own funds.
Wed Jul 10, 2024, 06:22 PM
Jul 2024

When exactly is there time for that?

Blaukraut

(5,992 posts)
21. Could Biden turn those funds over to the new nominee?
Wed Jul 10, 2024, 06:25 PM
Jul 2024

If it's Kamala, isn't she already part of the ticket and co-recipient of those funds? I honestly don't know how any of this is supposed to work. It's frustrating to watch and not being able to do anything other than donate and canvass. (which we do regularly in neighboring NH)

 

shrike3

(5,370 posts)
26. Nope. Unless its Harris, all that money goes back to the donors.
Wed Jul 10, 2024, 06:28 PM
Jul 2024

Kamala isn't on everybody's fantasy ticket.

LisaL

(47,418 posts)
46. And if they step over Biden and Kamala, they might as well give the Trump keys to the White House right now,
Wed Jul 10, 2024, 06:45 PM
Jul 2024

as far as I am concerned.

LisaL

(47,418 posts)
50. They will get their tax cuts if Trump is elected.
Wed Jul 10, 2024, 06:47 PM
Jul 2024

I guess that's what they are really after.

 

shrike3

(5,370 posts)
88. Different than everything I've read, from reputable sources. It goes back to donors, who can then redonate
Wed Jul 10, 2024, 08:27 PM
Jul 2024

if they want.

 

shrike3

(5,370 posts)
91. Here ya go. NBC okay?
Wed Jul 10, 2024, 08:50 PM
Jul 2024

Harris’ name is listed on FEC filings for both Biden’s statement of candidacy and his campaign account’s statement of organization, meaning she would likely be able to use the funds if she continues with the campaign. Campaign finance law also states that a campaign committee designated by a presidential candidate can be used by the party’s vice presidential candidate.

“Both candidates are on the account,” Gross said. “And I would think that she would be able to use the money if she is running for president. She would be the only one that could do that.”

The Campaign Legal Center’s campaign finance team also determined that Harris could access the money in the account if she succeeded Biden as the party’s presidential nominee.

But they noted via email that Harris would only be able to access those funds if she is at the top of the ticket. In other words, if she remained the vice presidential nominee and the party picked a different presidential nominee, that would be a different campaign.

https://www.nbcnews.com/politics/2024-election/biden-campaign-money-kamala-harris-rcna159850

Also Forbes

https://www.forbes.com/sites/saradorn/2024/07/09/what-happens-to-bidens-campaign-cash-if-he-drops-out/

Fiendish Thingy

(23,071 posts)
92. From your link:
Wed Jul 10, 2024, 08:57 PM
Jul 2024

(Italics and bolding mine)

If Harris did not become the nominee under this scenario, the Campaign Legal Center’s campaign finance team noted that Biden’s campaign money could be converted into a political action committee. But a PAC can only make a small maximum donation of $3,300 per election to another candidate. The Biden campaign could (not must) also refund donors’ contributions, who couldin turn donate to a new candidate.

Rajan and Gross also noted that if Biden steps aside, the funds could be transferred to a charity or a super PAC, which would not be able to coordinate with the campaign. The funds could also be transferred to the national party.
 

shrike3

(5,370 posts)
95. Um -- you know a superpac is not a candidate, right?
Wed Jul 10, 2024, 09:04 PM
Jul 2024

And the party is not a campaign?

Read the Forbes link. It's complicated. It's not a matter of clapping our hands to show we believe in fairies.

Fiendish Thingy

(23,071 posts)
97. You claimed the Biden-Harris campaign *must* return donations to donors
Wed Jul 10, 2024, 10:10 PM
Jul 2024

If neither is on the ticket, and that statement was false, as shown in your link.

I said the campaign could transfer the money to the DNC, who could then give to any Dem candidate for any office, which is true.

 

brooklynite

(96,882 posts)
99. its not that you have to return the money to donors if the campaign ends...
Wed Jul 10, 2024, 10:15 PM
Jul 2024

...its that, if you wanted those funds made available to a candidate who wasn't Kamala Harris, the best strategy would be to refund the donations and ask the donors to contribute the same amount to the new campaign committee.

 

shrike3

(5,370 posts)
124. Okey-dokey. And here I thought you said Biden could just give the money to the next candidate.
Thu Jul 11, 2024, 10:08 AM
Jul 2024

Thanks for acknowledging it's much more complicated than that.

 

brooklynite

(96,882 posts)
17. If he's going to continue as the nominee...
Wed Jul 10, 2024, 06:23 PM
Jul 2024

...he has to lock down the public support of the House and Senate members. Letting this drag out day after day is deadly.

People will observe that the a lot of the criticism was in private meetings. That's true, but ask yourself: how many public statements of support have their been in the past week?

LisaL

(47,418 posts)
22. He actually doesn't need to do anything.
Wed Jul 10, 2024, 06:26 PM
Jul 2024

He has enough delegates for the nomination. Those delegates are going to vote for him.

 

brooklynite

(96,882 posts)
28. Not the issue...
Wed Jul 10, 2024, 06:29 PM
Jul 2024

Carter came out of the 1980 Convention without strong support from the Kennedy faction. Hillary Clinton came out of the 2016 Convention without strong support from the Sanders faction. Biden doesn't face an ideological split, but if his Congressional Delegations aren't publicly for him , he's going to be a damaged nominee going into September.

LeftInTX

(34,206 posts)
66. And would it have done any good to switch out Bernie for Hillary?
Wed Jul 10, 2024, 07:04 PM
Jul 2024

Kennedy for Carter?

Maybe Kennedy could have pulled it off. But Sanders would not have made the cut. We would have gotten Trump in 2016 regardless.

Is switching out presidential candidates gonna work or is this like a sitcom when they experience low ratings and bring in a new character or plot twist that causes the ratings to go even lower?
It feels like a cheap TV gimmick to me.
This isn't a TV plot. This isn't Hollywood.

 

brooklynite

(96,882 posts)
69. I - again - am not saying Biden should be replaced.
Wed Jul 10, 2024, 07:08 PM
Jul 2024

I am saying Biden himself has to solve his unity problem NOW.

Blaukraut

(5,992 posts)
45. What more can he do, though?
Wed Jul 10, 2024, 06:41 PM
Jul 2024

If what Clooney says is true, that Biden has slowed down considerably, that means he's not the only one who has noticed. Other donors and House and Senate members who call on him to withdraw are likely basing it on their own personal communications with the President.

If their concerns are only based on the debate, and the ensuing media frenzy and overall panic, then it's on them to snap out of it and start turning the focus on Trump.

 

brooklynite

(96,882 posts)
47. He has to sit down with them directly.
Wed Jul 10, 2024, 06:45 PM
Jul 2024

No 10 minute phone calls. He has to go into a room, hear every criticism and worry, and convince them he's up to the task.

The campaign team is meeting tomorrow with the Senate Caucus. Once again, it would be more effective if Biden did it himself.

Just_Vote_Dem

(3,634 posts)
49. Doesn't Joe have a press conference tomorrow?
Wed Jul 10, 2024, 06:47 PM
Jul 2024

Do you think it will be a big help if he does well?

sheshe2

(97,397 posts)
133. Yup.
Thu Jul 11, 2024, 11:29 AM
Jul 2024

Funny, George had no issues with Bidens presentations during his week long summit and the day he returns, has a bad debate, he screams he is SLOW and MUST STEP DOWN!!! 🤔

JHC!!!

DoBW

(3,202 posts)
44. I think we all can learn from BIden taking sh* t + plowing ahead ...
Wed Jul 10, 2024, 06:38 PM
Jul 2024

I want the whole package, Biden, Harris, the cabinet, the staffers, the west wing, the works.. they're all winners. we got a good VP to pick up any slack

 

shrike3

(5,370 posts)
135. Don't underestimate guys like Biden.
Thu Jul 11, 2024, 11:46 AM
Jul 2024

He hasn't lasted fifty years by being a babe in the woods.

ecstatic

(35,064 posts)
31. jfc... donate folks. Especially if you are demanding that the critics shut up.
Wed Jul 10, 2024, 06:29 PM
Jul 2024

Put your money where your mouth is. That's a huge metric that will determine Biden's fate.

FarPoint

(14,744 posts)
32. Why even post this propaganda?
Wed Jul 10, 2024, 06:29 PM
Jul 2024

Why even watch this bloody propaganda in the first place?

Why even bring it here to DU?

I'm voting Biden . Never blinked

 

brooklynite

(96,882 posts)
36. Its useful to know the facts and respond accordingly...
Wed Jul 10, 2024, 06:33 PM
Jul 2024

...whether the facts are "good news" or not.

Just_Vote_Dem

(3,634 posts)
34. Thanks for this and your other posts on the subject
Wed Jul 10, 2024, 06:32 PM
Jul 2024

I like being updated on what things you are familiar with on the inside at this time

 

brooklynite

(96,882 posts)
64. Yes there was a spurt after the debate; it has subsequently dropped off.
Wed Jul 10, 2024, 07:01 PM
Jul 2024

Tomorrow I have my third DNC donor call since the debate. That tells me something,.

 

Think. Again.

(22,456 posts)
65. Un-named sources say that, the campaign itself says very different.....
Wed Jul 10, 2024, 07:01 PM
Jul 2024
Biden’s campaign announces a $264 million fundraising haul in 2nd quarter during post-debate anxiety

"WASHINGTON (AP) — President Joe Biden ‘s reelection campaign and the Democratic National Committee announced Tuesday that they’d raised $264 million in the year’s second quarter, an impressive haul that may help them calm fears within their own party about last week’s shaky debate performance.

The total includes $127 million collected during June alone, when the campaign says it took in more than $33 million on the day of the debate and in its aftermath. Biden also has $240 million in cash on hand, outpacing the $212 million it reported having last month."


Source: https://apnews.com/article/election-biden-fundraising-democrats-8492425af85796ad77844b77db6d0f30

Response to brooklynite (Original post)

Freethinker65

(11,203 posts)
79. As long as they send the money to Democrats running for Congress, it should be fine.
Wed Jul 10, 2024, 07:42 PM
Jul 2024

Those Congressional Democrats can run ads touting themselves, and add without Democratic leadership in the WH, Trump will have veto every good bill that crosses his desk.

mainer

(12,548 posts)
81. I just came home tonight from an event filled with Dems
Wed Jul 10, 2024, 07:54 PM
Jul 2024

Every single person I spoke to wants Biden to step aside. They will all vote for him regardless, but they’re starting to get angry that Biden is not listening to concerns.

And they’re sending their money to down-ticket Dems instead.

 

shrike3

(5,370 posts)
136. Well, the average folks, the ones who are not politically connected that I know, aren't talking about the debate at all.
Thu Jul 11, 2024, 11:50 AM
Jul 2024

They're hardly paying attention to this controversy. Nobody's talking about it. Pro or anti-Biden bias seems to be baked in. People have the same opinions they did before the debate. I'm starting to wonder if this is a crisis only for the political class.

Deminpenn

(17,471 posts)
83. Here's a question for you
Wed Jul 10, 2024, 08:01 PM
Jul 2024

Do you and your donor buddies have a plan to raise the hundreds of millions of dollars needed for a candidate other than Biden or Harris in order for that candidate to be competitive since a different candidate can't use any of their campaign funds?

Do you have a plan to replace any top campaign managers, staff and volunteers who might quit, possibly en masse?

Do you have alternative media but plan given how much time has already been reserved and ads already been made and are running?

If not, you are engaging in magical thinking.

I'd suggest rather than spending your time posting here at DU, you and your donor pals get together and give yourselves a reality check

Ftr, I would want you or any of your rich friends on my side in a bar fight.

LisaL

(47,418 posts)
84. My feelings exactly.
Wed Jul 10, 2024, 08:03 PM
Jul 2024

They want some imaginary new candidate. How is that candidate going to win with so little time left, no money for campaigning? And if this candidate doesn't do well in polls, are they going to demand he (or she) resigned as well?

 

brooklynite

(96,882 posts)
98. You're aware that I don't support replacing Biden, right?
Wed Jul 10, 2024, 10:12 PM
Jul 2024

I've been clear on that point since the debate.

You're also aware that, as a prospective replacement, Kamala Harris would have access to the funds in the Biden-Harris campaign?

Jersey Devil

(10,831 posts)
102. Maybe not
Wed Jul 10, 2024, 11:50 PM
Jul 2024

Someone posted that the Wall Street Journal reported that Harris could only use the money if Joe is nominated and then steps aside. I don't know if that is accurate but we better find out without blindingly leaping into anything.

Deminpenn

(17,471 posts)
119. No, but good to know. That gives you a special responsibility
Thu Jul 11, 2024, 09:12 AM
Jul 2024

to inform your donor class friends of the potential consequences of pushing Biden out. And it's not just campaign funding, it's potentially alienating enough Dem voters to cost Dems not only the election but control of the Senate and re-gaining control of the House. Let them know you interact with Dem base voters and share that we are very, very angry about them and others in their circle trying to push Biden out.

I can only write for myself, but I voted "uncommitted" in my state Dem primary as a protest to the WH policy with respect to the ongoing war in Gaza, but am solidly behind Biden now that he has clinched the nomination. My rep has been supporting Biden, but if he would decide not to, I would still vote for him, but would be open to supporting a primary challenger next election cycle. I'm not kidding around and would bet I have plenty of company.

 

brooklynite

(96,882 posts)
125. I've shared my opinion, as well as what I think Biden needs to do...
Thu Jul 11, 2024, 10:19 AM
Jul 2024

…with the campaign and my political contacts.

The ultimate responsibility for addressing the issue still lies with Biden.

LostOne4Ever

(9,749 posts)
85. I just donated too
Wed Jul 10, 2024, 08:15 PM
Jul 2024

I can't make up for the shortfall but I will do what I can! I hope you all can do what you can as well, and maybe together we can match and maybe even surpass what was lost!


Go Joe! Show them you are a fighter and beat this ugly, hateful, fascist loving, overgrown candycorn asshole!

NoMoreRepugs

(12,036 posts)
106. Amazing that a Rapist Felon Insurrectionist has total support from his party and followers but
Wed Jul 10, 2024, 11:59 PM
Jul 2024

the guy who has ACCOMPLISHED more than any President in recent memory has a bunch of whiny ass pricks among his party and supposed supporters. Very very sad.

kerry-is-my-prez

(10,264 posts)
114. Sometimes I think we are being punished for our
Thu Jul 11, 2024, 12:21 AM
Jul 2024

Greediness in this country and for damaging the environment. A lot of the Magats will be hurt by his policies so they will get what they deserve. The rest of us - not so much.

 

brooklynite

(96,882 posts)
129. In which case, why were they finding Biden in the first place?
Thu Jul 11, 2024, 10:42 AM
Jul 2024

I know many of these people; they’re not pro-Trump.

BannonsLiver

(20,542 posts)
132. Gotta love that this was meant to be a grim and demoralizing humble brag post
Thu Jul 11, 2024, 11:03 AM
Jul 2024

That instead was just one long thread with people calling out the OP. I can feel the frustration from here.


 

brooklynite

(96,882 posts)
141. This was means to be news.
Thu Jul 11, 2024, 01:11 PM
Jul 2024

Please enlighten everyone as to why I want to be "demoralizing".

nb: Just got off a Biden campaign call where another ask was made for support from major donors.

 

brooklynite

(96,882 posts)
142. Warning! I'll be posting a summary of my large donors call today with the Biden campaign...
Thu Jul 11, 2024, 01:15 PM
Jul 2024

...wouldn't want to you read it and become demoralized.

 

JohnSJ

(98,883 posts)
134. WTF would you expect. Big donors are on hold until the Democrats get their act
Thu Jul 11, 2024, 11:42 AM
Jul 2024

together, and people like carville going to big donors urging them not to donate until. “Biden drops out”. That little nasty twirp has no business playing these blackmail games.

What is happening is that small donors are contributing to Biden though.

As for me, I am done with DU until we move froward instead of being led by a hostile MSM, which isn't just anti-Biden, but anti-Harris by proxy.

In fact that is what Haley campaigned on, and what a few pushed by suggesting other people to replace Biden that weren’t the VP.

That is the other elephant in the room





Baggies

(666 posts)
140. I am absolutely not surprised
Thu Jul 11, 2024, 01:09 PM
Jul 2024

You also said, “Donors are uncomfortable contributing more to a race they worry will be lost. Based on the people I know, they'll shift their funds to the House and Senate races.”

I can see that being the case 100%.

Thanks for these updates. I would much prefer knowing what’s going on as opposed to closing my eyes and being a cheerleader.

Response to brooklynite (Original post)

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