Abigail Disney, the granddaughter of one of The Walt Disney Company’s co-founders, has announced that she will resume her donations to the Democratic Party now that President Joe Biden has officially withdrawn from the 2024 presidential race. In a recent email to CNBC, Disney confirmed her intention to reinstate her support, which she had paused until a replacement for Biden was found at the top of the Democratic ticket.
Earlier this month, Disney had declared her decision to withhold contributions, expressing strong support for Vice President Kamala Harris, now the presumptive nominee following Biden’s exit. She noted the potential for Democrats to unify and rally around Harris: “If Democrats would tolerate any of her perceived shortcomings even one-tenth as much as they have tolerated Biden’s, we can win this election by a lot,” she said, acknowledging the complicated intersection of race and gender in the party dynamics.
Disney was among a group of prominent Democratic donors who grew disillusioned with Biden, particularly after what many considered a poor debate performance against former President Donald Trump. This discontent among the donor class, as well as dwindling financial support, contributed to Biden’s decision to step down. Following Biden’s departure from the race, notable figures such as George Soros and his son, Alex Soros, also expressed their backing for Harris.
Overall, Disney’s renewed commitment indicates a shift in the fundraising landscape as the Democrats prepare for an important election year. This change could enhance the party’s chances if donors band together to support Harris, signaling a possible reinvigoration of the Democratic base.
As the political narrative evolves, it is essential to address and embrace diversity in leadership roles, suggesting a more inclusive approach that could resonate positively with a wider audience. The coming months will be crucial for the Democratic Party as it navigates a new direction with Harris potentially leading the charge.