Top financial backer abandons Biden campaign

Make sure to let us know what you think... we now have comments turned ON below the article!

Prior to the official launch of his 2020 presidential campaign, former Vice President Joe Biden was regarded as the clear and uncontested frontrunner for the Democratic Party’s nomination to take on Donald Trump.

But though he’s still the top Dem in the polls, Biden’s lead has started to slip amid a series of gaffes and stumbles by the former VP on the campaign trail — the latest of which have cost him one big-time donor.

Dwindling support

CNBC reported on Friday that Biden had lost the support of one of his campaign’s chief financial backers, a fundraiser and donation bundler who supported former President Barack Obama’s re-election campaign in 2012 with more than $200,000 in donations over the course of that cycle.

That fundraiser is San Francisco-based attorney Tom McInerney, who cited recent comments by the candidate about working alongside segregationists, as well as his waffling on the Hyde Amendment, which prohibits taxpayer funds from being used on abortion, as the most prominent reasons for the withdrawal of his support for Biden.

That news didn’t become public until after Biden appeared on the second half of the first Democratic debates on Thursday night, but the decision had actually been made and shared with the campaign several days prior to the debate, on June 20.

“I had actually let the campaign known I’d pulled back my support of Biden for now,” McInerney told CNBC.

But McInerney added after seeing Biden’s Thursday performance: “I don’t think he did well last night.”

Losing steam

McInerney’s opinion of Biden’s performance echoed the rather frank assessment of many experts across the political spectrum. The former senator and vice president too often spoke slowly and incoherently, actually cut himself off once or twice, and came under intense fire from California Sen. Kamala Harris on a number of fronts, including his segregationist comments.

But while Biden’s poor performance may not have been the deciding factor in McInerney’s decision to withdraw his financial support of the campaign, it may be a contributing factor for other financial supporters considering pulling the plug on Biden too.

That was the prediction by McInerney, who insinuated to CNBC that he was likely only the first significant financial defection from Biden’s camp.

“I would imagine I’m not alone,” he said. But the timing of the announcement probably couldn’t have been worse for Biden, who reportedly just launched a fundraising effort in the Bay Area — McInerney’s stomping grounds — that was expected to continue through the weekend.

It will be interesting to see what sort of fundraising haul, if any, is announced by the Biden campaign following the weekend’s events. Regardless, things are currently not looking so good for Biden, and it has become painfully obvious that he will not be waltzing through the primary season to a coronation as the nominee, but will have to earn it the hard way — now with less financial support than he had counted on.

232 Responses

  1. Hi, I do believe this is a great blog. I stumbledupon it 😉 I will return yet again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  2. I just couldn’t depart your site before suggesting that I actually enjoyed the standard info a person provide for your visitors? Is gonna be back often to check up on new posts

  3. hey there and thank you for your information Ive certainly picked up something new from right here. I did however expertise some technical issues using this web site, since I experienced to reload the website a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but slow loading instances times will often affect your placement in google and could damage your high-quality score if ads and marketing with Adwords. Well I am adding this RSS to my email and could look out for a lot more of your respective interesting content. Make sure you update this again soon..

  4. certainly like your website but you need to test the spelling on several of your posts. Several of them are rife with spelling issues and I find it very troublesome to tell the truth however I will surely come again again.

  5. What i do not understood is actually how you are not actually much more well-liked than you may be now. You’re very intelligent. You realize therefore considerably relating to this subject, made me personally consider it from numerous varied angles. Its like women and men aren’t fascinated unless its one thing to do with Lady gaga! Your own stuffs great. Always maintain it up!

  6. The subsequent time I read a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my choice to learn, however I actually thought youd have one thing interesting to say. All I hear is a bunch of whining about something that you could possibly repair in case you werent too busy on the lookout for attention.

  7. Hi! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my apple iphone. I’m trying to find a template or plugin that might be able to correct this issue. If you have any recommendations, please share. Appreciate it!

  8. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a bit, but other than that, this is excellent blog. An excellent read. I will definitely be back.

  9. Hey, I think your site might be having browser compatibility issues. When I look at your blog site in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!

  10. Good day! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!

  11. This is the precise weblog for anybody who desires to seek out out about this topic. You realize so much its almost hard to argue with you (not that I actually would wantHaHa). You definitely put a brand new spin on a topic thats been written about for years. Nice stuff, just great!

  12. Does your site have a contact page? I’m having problems locating it but, I’d like to send you an email. I’ve got some creative ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it expand over time.

Leave a Reply to http://theondecknews.com/ Cancel reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Popular