Joe Biden just got some rather bad news, but Trump may have saved him.
Prior to the assassination, major donors planned to hold back $90 million until Joe Biden was replaced on the ticket.
The Trump assassination attempt, however, appears to have put the movement to replace Biden on the back burner.
Not Paying
The Future Forward PAC is having some trouble having people deliver on their pledged donations.
It would appear that roughly $90 million in pledges is being held back because the donors do not want to give money to Joe Biden.
They reportedly told the PAC that they would write their checks when the Democrats replace Joe Biden on the ticket.
A report in the New York Times outlined the panic over the donors’ holding their pledges hostage to have Biden removed.
The report stated, “Some major Democratic donors have told the largest pro-Biden super PAC, Future Forward, that pledges worth roughly $90 million are now on hold if President Biden remains atop the ticket, according to two people who have been briefed on the conversations.
“The frozen contributions include multiple eight-figure commitments, according to the two people, who spoke on the condition of anonymity given the sensitivity of the situation.
“The decision to withhold such enormous sums of money is one of the most concrete examples of the fallout from Mr. Biden’s poor debate performance at the end of June.”
Now, the assassination attempt on Trump has apparently put this big move to replace Biden on hold, as those leading the charge now believe all momentum on that has been lost.
But that does not solve the PAC’s problem.
If the donors believe that they were flushing money before, that surely will not change with Trump’s assassination attempt.
If anything, it will only help Trump in polling, plus the convention this week, so we are going to have to keep an eye on this because while Biden’s war chest is looking good right now, he surely does not have enough to get him through the next four months if the money train dries up.
