Some top Democratic donors are disenchanted with Biden. So far, Trump has kept them from fleeing.
worried about his re-election chances, annoyed that they have little access to him and, in some cases, prepared to walk away
WASHINGTON — President Joe Biden’s donors are antsy — worried about his re-election chances, annoyed that they have little access to him and, in some cases, prepared to walk away from him in 2024.
“Privately, I see a lot of donors being very nervous,” one veteran party fundraiser said. “There’s going to be a lot of pressure [for Biden to step aside] coming up post-midterms.”
The restlessness among top donors and even longtime Biden supporters comes as a clear-cut majority of Democrats want someone else to be the party’s presidential nominee in two years.
For now, Biden benefits from the specter of former President Donald Trump.
Interviews with more than a dozen Democratic insiders paint a picture of a donor class that faces a conundrum with Biden. Some feel they’re not getting the attention they deserve, as evidenced by a hastily scheduled virtual conference between the president and major fundraisers Wednesday night. Many contributors and big-money bundlers would prefer a different nominee in 2024 but are sticking with Biden primarily because they believe he is the party’s strongest contender against Trump.