Wealthy Democratic donor urges Biden to step down: ‘Ego or ethics’ – Washington Examiner
Billionaire Democratic donor, Michael Moritz, is calling for President Joe Biden to step aside as the Democratic presidential nominee. This demand by the Silicon Valley venture capitalist adds pressure on Biden and is likely to deepen divisions within the Democratic party. Moritz, who has been a major donor to Democratic candidates and causes for years, cited Biden’s age and declining cognitive abilities as reasons for his call for the President to step aside. He expressed concerns about Biden’s ability to lead effectively and make sound decisions for the country.
This move by Moritz comes at a time when Biden’s approval ratings have been declining and his administration has been facing criticism for its handling of various issues, including the withdrawal of US troops from Afghanistan and the ongoing COVID-19 pandemic.
The call for Biden to step aside is likely to further divide the Democratic party, as some will see it as a necessary move to ensure a stronger candidate in the next election, while others will view it as a betrayal of the party’s chosen leader.
It remains to be seen how Biden and the Democratic party will respond to this demand from one of their prominent donors. As the 2022 midterm elections approach, the party will need to navigate these internal tensions carefully to ensure unity and success at the polls.
Billionaire Democratic donor tells Biden to step aside: ‘Vanity or virtue’
Billionaire Democratic megadonor Michael Moritz is demanding that President Joe Biden step down as the Democratic presidential nominee.
The move by the Silicon Valley venture capitalist is sure to further tighten the screws against Biden, as he faces a continuing avalanche of defecting Democratic congressmen and donors. In an email to the New York Times, Moritz said Biden has a choice: “Vanity or virtue.”
“He can either condemn the country to dark and cruel times or heed the voice of Father Time. The clock has run out,” he said.
Moritz, 69, threatened to withhold all his funding for Democrats if Biden is not removed, reflecting a significant concern for Democrats as other major donors have pledged to do the same.
“I would vote for Biden, but I would not give another penny to any fund-raising appeals from Democrats,” he said.
So far, Moritz has donated $7.8 million to pro-Biden and anti-Trump causes in the 2024 election cycle, according to the outlet.
Moritz joins the growing list of donors threatening to dry up the Democrats’ well of cash after former President Donald Trump raised more for the past several months.
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