Joe Biden’s Withdrawal from 2024 Presidential Race: Funding Shortage Cited as Main Reason by Campaign Co-Chair

In a surprising twist in political events, Joe Biden has stepped back from the 2024 presidential race, marking a notable milestone in American politics. The primary reason for this, as stated by Biden’s campaign co-chair Cedric Richmond, was the sudden halt of financial backing from key Democratic donors.

The Crucial Role of Funding in Political Campaigns

There has been much speculation surrounding Biden’s decision to withdraw, with theories ranging from concerns over his health and mental state to his underwhelming performance in the June debate. However, according to Richmond, the real issue at hand is funding. Once the significant Democratic donors ceased their financial support, Biden’s campaign was essentially finished.

“Big donors bailed on him,” explained Biden campaign co-chair Cedric Richmond, revealing what truly forced Biden out of the race.

He went on to describe it as a “self-fulfilling prophecy,” where the donors failed to contribute after the June 27 debate, leading to an inevitable conclusion. “You can’t win without money, and then they were going to point the finger at the candidate.”

“They were going to blame it on Biden,” he added. “For a president that has accomplished so much, it was a no-win situation.”

Richmond believes that now these donors have successfully ousted Biden from the race, it is time for them to “step the f*** up” and back Vice President Kamala Harris’s campaign.

So far, it seems they are doing just that.

The Influence of Wealthy Donors

This unexpected development highlights who truly controls the Democratic party – the affluent individuals, such as George Clooney. Cedric Richmond, who had previously insisted that Biden would remain in the race until the very end, appears to be disgruntled by this turn of events.

Source: The Gateway Pundit

Source: Steadfast Nation