Pressure Mounts on President Biden: Major Donors Call for Exit from 2024 Race Amid Disappointing Debate Performance and Age Concerns

Washington D.C., District of Columbia United States of America
Biden faces pressure not only from donors but also negative poll numbers and concerns about his age and debate performance in the business community.
Disney heiress Abigail E. Disney, Hollywood producer Damon Lindelof, and politically connected donor Gideon Stein have announced they will withhold campaign contributions until Biden steps aside.
President Joe Biden is facing pressure from major Democratic donors to exit the 2024 presidential race following disappointing debate performance and age concerns.
Representatives Lloyd Doggett and Raúl Grijalva have publicly called on Biden to step aside, while other House members are circulating a draft letter for the same.
Pressure Mounts on President Biden: Major Donors Call for Exit from 2024 Race Amid Disappointing Debate Performance and Age Concerns

President Joe Biden is facing increasing pressure from major Democratic donors to exit the 2024 presidential race following a disappointing debate performance. Despite Biden's public statements that he has no plans to drop out, several high-profile donors have announced they will withhold their campaign contributions until he steps aside. Among them are Disney heiress Abigail E. Disney, Hollywood producer Damon Lindelof, and politically connected donor Gideon Stein.

Disney expressed her concerns about the stakes being too high to allow timidity to determine the course of action and that a new ticket is in the best interest of defeating Donald Trump. Stein's family has pledged to hold back on $3.5 million in political donations unless Biden withdraws from the 2024 contest.

Representatives Lloyd Doggett and Raúl Grijalva have publicly called on Biden to step aside, while other House members are circulating a draft letter for the same. The Democratic National Convention is planning on holding a virtual call to formally nominate Biden as the Democratic presidential nominee earlier than August to avoid legal deadlines for ballot access in certain states.

Biden faces pressure not only from donors but also negative poll numbers, which have widened Trump's lead. The business community is also expressing concerns about Biden's age and performance during recent debates.

Christy Walton, Michael Novogratz, and Paul Tagliabue are among the 168 signatories of a letter from the Leadership Now Project urging Biden to not seek re-election in 2024. The group cites concerns about Biden's age and debate performance as reasons for their request.

Reed Hastings, co-founder and executive chairman of Netflix, called for Biden to step aside after the interview with ABC News on Friday night. Bill Harris, former PayPal CEO and major Democratic donor, believed Biden seemed old in the interview and that his stepping aside was inevitable. Whitney Tilson, investor and major Democratic donor, expressed doubt about Biden's ability to beat Trump in November based on his reading of the American people.

Rick Caruso, Los Angeles billionaire and real estate mogul, also called on Biden to step aside for the good of the party. Some Democratic donors have refused to donate any further until Biden steps down.



Confidence

85%

Doubts
  • It's unclear if all the mentioned donors have actually withheld their contributions.
  • The exact number of House members circulating the draft letter is unknown.

Sources

62%

  • Unique Points
    • President Biden's interview with ABC News on Friday night did not alleviate concerns of some major Democratic donors.
    • Reed Hastings, co-founder and executive chairman of Netflix, called for Biden to step aside after the interview.
    • Bill Harris, former Paypal CEO and major Democratic donor, believed Biden seemed old in the interview and that his stepping aside was inevitable.
    • Whitney Tilson, investor and major Democratic donor, expressed doubt about Biden’s ability to beat Donald Trump in November based on his reading of the American people.
    • Rick Caruso, Los Angeles billionaire and real estate mogul, called on Biden to step aside for the good of the party.
    • Some Democratic donors have refused to donate any further until Biden steps down.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (50%)
    The article reports on statements made by major Democratic donors expressing their concerns about President Biden's performance and calling for him to step aside. While the author does not make any editorializing or pontification statements, they do report selectively on quotes from the donors that support their position. The article also uses emotional manipulation by quoting Reed Hastings' statement that 'Biden is unfortunately in denial about his mental state.' and Harris' statement that 'it might turn off Democratic voters who are increasingly skeptical.' These statements are used to elicit an emotional response from the reader, making them more likely to agree with the donors' calls for Biden to step aside. The article also uses sensationalism by implying that there is a growing movement among major Democratic donors for Biden to step down.
    • Harris added that he believes that based on Friday’s interview and the debate performance the prospect of Biden stepping aside is ‘inevitable.’
    • Some Democratic donors aren’t just calling on the president to step aside, they’re refusing to donate a penny more until he does.
    • Netflix’s co-founder and executive chairman Reed Hastings... argued that Biden needs to step aside to let a vigorous Democratic leader beat Trump.
    • Whitney Tilson, an investor who said he has donated over $100,000 annually to the Democrats for many years... told ABC News before Friday’s interview, ‘Even one great interview is not going to change my view that it is highly unlikely he can beat Donald Trump in November.’
    • President Joe Biden speaks with the press before boarding Air Force One prior to departure from Dane County Regional Airport in Madison, Wisconsin, July 5, 2024. Saul Loeb/AFP via Getty Images
  • Fallacies (80%)
    The article contains multiple appeals to authority fallacies. Reed Hastings and Bill Harris are quoted as making statements about Biden's mental state and his ability to beat Trump in the election based on their own observations of his interviews and debate performance. These statements do not provide any evidence or logical reasoning for why Biden should step aside, but rather rely on the authority of these individuals to make their case.
    • Reed Hastings: "Biden is unfortunately in denial about his mental state. He needs to step aside to let a vigorous Democratic leader beat Trump,"
    • Bill Harris: "I think just about anybody who would have seen the interview tonight and the debate a while ago, it would be clear that President Biden stepping back is inevitable."
  • Bias (10%)
    The article reports on major Democratic donors calling for President Biden to step aside due to concerns about his performance in a debate and an interview. The author does not express any bias towards or against Biden or the donors, but simply reports their statements. However, the language used by some of the donors, such as 'Biden is unfortunately in denial about his mental state' and 'it might turn off Democratic voters who are increasingly skeptical', could be perceived as critical of Biden. This perception is reinforced by the title of the article which frames their calls for Biden to step aside as continuing. While this language may reflect a negative view of Biden, it does not constitute bias on the part of the author or ABC News.
    • Biden is unfortunately in denial about his mental state.
      • it might turn off Democratic voters who are increasingly skeptical
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      80%

      • Unique Points
        • Christy Walton, Michael Novogratz and Paul Tagliabue are among the 168 signatories of the letter from the Leadership Now Project.
        • The letter urges President Joe Biden to not seek re-election in 2024 to ensure the legacy of his presidency and allow the next generation of Democratic leaders to take charge.
        • The group cites concerns about Biden’s age and performance during recent debates as reasons for their request.
      • Accuracy
        • Reed Hastings, co-founder and executive chairman of Netflix, called for Biden to step aside after the interview.
        • Bill Harris, former Paypal CEO and major Democratic donor, believed Biden seemed old in the interview and that his stepping aside was inevitable.
      • Deception (10%)
        The article does not contain any deception from the author. However, it does contain editorializing and emotional manipulation by quoting the signatories of the letter urging President Biden to withdraw from the race for 'the sake of our democracy and the future of our nation.' This is an attempt to appeal to readers' emotions and create a sense of urgency.
        • At this consequential moment for our nation, it is time to cement your legacy by passing the torch – just as George Washington did.
        • We respectfully urge you to withdraw from being a candidate for reelection for the sake of our democracy and the future of our nation.
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (0%)
        None Found At Time Of Publication

      91%

      • Unique Points
        • Disney heiress Abigail E. Disney, Hollywood producer Damon Lindelof, and politically well-connected donor Gideon Stein have announced they will withhold their campaign contributions to the Biden campaign and supporting committees until Biden steps down as the Democratic presidential nominee.
        • Disney stated that ‘the stakes are far too high to allow timidity to determine our course of action’ and that a new ticket is in the best interest of defeating Donald Trump.
        • Gideon Stein’s family has pledged to hold back on $3.5 million in political donations unless Biden withdraws from the 2024 contest.
        • Representatives Lloyd Doggett and Raúl Grijalva have publicly called on Biden to step aside from the 2024 race, while other House members are circulating a draft letter for the same.
        • Biden faces pressure to drop out of the 2024 race due to losing major campaign contributors and negative poll numbers.
        • The Democratic National Convention is planning on holding a virtual call to formally nominate Biden as the Democratic presidential nominee earlier than August to avoid legal deadlines for ballot access in certain states.
      • Accuracy
        • Biden faces pressure to drop out of the 2024 race due to losing major campaign contributors.
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (95%)
        The author, Hafiz Rashid, makes several statements in the article that contain appeals to authority. He quotes Abigail Disney and Gideon Stein stating their intentions to withhold donations from the Biden campaign until he drops out. These statements are used as evidence of dissatisfaction among major Democratic donors and an alleged desire for a new ticket. However, these statements do not necessarily reflect the opinions or beliefs of all Democratic donors or even a majority. Therefore, while it is valid to report on these statements, using them as evidence of widespread discontent without further context or evidence is an appeal to authority fallacy.
        • “Disney said that the Biden campaign and the committees supporting it, such as super PACs, the Democratic National Committee, and nonprofits “will not receive another dime from me until they bite the bullet and replace Biden at the top of the ticket.”
        • “A new ticket is in the best interest of defeating Donald Trump,” said Stein, who said his family would hold back on $3.5 million in political donations unless Biden withdraws from the 2024 contest.
      • Bias (90%)
        The author expresses a clear bias towards the Democratic Party and specifically against President Biden by reporting that major Democratic donors are withholding their campaign contributions due to Biden's debate performance and urging him to step aside from the 2024 race. The author also quotes Abigail E. Disney directly stating her intention to withhold donations until Biden leaves the race.
        • Disney said that the Biden campaign and the committees supporting it, such as super PACs, the Democratic National Committee, and nonprofits “will not receive another dime from me until they bite the bullet and replace Biden at the top of the ticket.”
          • major Democratic donors say they will withhold their campaign contributions unless Biden leaves the race.
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication

          98%

          • Unique Points
            • President Biden is facing calls for him to exit the 2024 race after disappointing debate performance.
            • Biden does not plan on dropping out according to a television interview.
            • Major Democratic donors and members of Congress have signaled for Biden to exit the race privately.
          • Accuracy
            • President Biden is facing calls for him to exit the race after disappointing debate performance.
            • Reed Hastings, co-founder and executive chairman of Netflix, called for Biden to step aside after the interview.
            • Bill Harris, former Paypal CEO and major Democratic donor, believed Biden seemed old in the interview and that his stepping aside was inevitable.
            • Whitney Tilson, investor and major Democratic donor, expressed doubt about Biden’s ability to beat Donald Trump in November based on his reading of the American people.
            • Rick Caruso, Los Angeles billionaire and real estate mogul, called on Biden to step aside for the good of the party.
            • Some Democratic donors have refused to donate any further until Biden steps down.
          • Deception (100%)
            None Found At Time Of Publication
          • Fallacies (100%)
            None Found At Time Of Publication
          • Bias (100%)
            None Found At Time Of Publication
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (0%)
            None Found At Time Of Publication