Heiress Abigail Disney has announced that she will resume her financial support for the Democratic Party now that President Joe Biden has withdrawn from the 2024 presidential race. This decision comes as Biden endorses Vice President Kamala Harris as his preferred successor.
Initially, Disney stated earlier this month that she would halt any contributions to the Democratic Party until there was a change at the top of the ticket. In an email to CNBC, she confirmed her renewed support, citing a strong belief in Harris’s capabilities. Disney had previously expressed her endorsement for Harris, emphasizing the need for the party to unite behind her and highlighting perceived disparities in the treatment of Biden versus Harris regarding their perceived weaknesses.
Disney’s stance reflects a broader trend among certain elite Democratic donors who have become disenchanted with Biden’s approach, particularly following a disappointing debate against Donald Trump. Reports indicate that his withdrawal may have been influenced by pressure from high-profile donors and declining financial support.
Notably, prominent donor George Soros and his son, Alex Soros, have also come out in favor of Harris in the wake of Biden’s exit.
In a hopeful turn for the Democratic Party, Disney’s renewed support could signify a rallying point for donors and grassroots supporters alike, potentially energizing the campaign as it pivots to focus on the Vice President’s candidacy. The collaboration between influential donors and a unified party front could lead to a stronger electoral performance in the upcoming election season.
This situation underscores the importance of leadership and unity within political parties, especially as they prepare for crucial elections.