Sun. Dec 22nd, 2024

Biden resigns, supports Harris: Democratic fundraising boom

News

ActBlue, the Democratic organization, which is responsible for collecting donations, made the announcement that the highest collection day of this campaign will take place the day after the incumbent president resigned.

United States of America is the central issue at hand. On Sunday evening, July 21, Joe Biden issued a statement in which he announced his decision to withdraw from the presidential race in the United States. In the statement, he also expressed his support for Kamala Harris, who is running against Donald Trump in the next election. Despite the fact that the latter has not yet been officially chosen as his successor, it is evident that donors have a favorable opinion of her. Over the past few hours, they have gathered in large numbers.

Following the shocking declaration made by Joe Biden, the Democratic fundraising organization ActBlue made the news that it had received the most money in a single day for the 2024 presidential race. The New York Times claimed that donations increased from an average of $200,000 per hour in the hours prior to Biden’s departure to roughly $11.5 million in a single hour later on Sunday. This growth occurred after the resignation of Biden.

“As of nine o’clock tonight, grassroots supporters had collected $46.7 million (€42.8 million) through ActBlue in response to the launch of Vice President Kamala Harris’s campaign. According to a statement made on the social network X by the organization that supports internet fundraising for Democratic candidates, “this is the largest single day of fundraising in the 2024 cycle.” “Small donors are motivated and ready to take on this election,” the platform included as an additional statement.

It is an important matter for Democrats.

Despite the fact that members of the Democratic Party have been concerned about Biden’s health for a number of weeks now, following the catastrophic debate that he had with Trump, the topic of donations in the event that the president withdraws from the race has also remained a serious source of anxiety.

During an Instagram Live broadcast the previous week, for instance, New York Democratic Representative Alexandria Ocasio-Cortez (AOC) voiced her fear about the actions that “a large part of the donor class” and “elites” might do in the event that Joe Biden chose to withdraw from the race. For AOC, it is important to note that not all of these funders would necessarily back the former attorney general of California if she were to run for the Democratic nomination. In point of fact, Kamala Harris will be forced to contend with the Democratic convention in August, in addition to the heightened appetites of other potential candidates, which were stoked by the decision made by Biden.

The fact of the matter is that the Democrats have gained new impetus as a result of this extraordinary fundraising effort that took place in just a few hours, when donations had been running out of steam in recent weeks. A significant obstacle was presented when, on the other hand, Donald Trump and the Republican Party presented a flawless convention just a few days after an attempt was made to kill him.

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