Heiress Abigail Disney announced that she will recommence her financial support for the Democratic Party now that President Joe Biden has officially stepped aside from his reelection campaign and endorsed Vice President Kamala Harris for the presidency. Earlier this month, Disney had stated her intention to withhold contributions until Biden was replaced at the top of the Democratic ticket.
In an email sent to CNBC, Disney confirmed her renewed support, emphasizing her confidence in the Vice President. She noted that if the Democratic Party could rally behind Harris despite any criticisms she faced—perhaps reflecting on issues of race and gender that have influenced perceptions of leadership—they could secure a significant electoral victory.
Disney’s initial decision to withdraw financial support was fueled by dissatisfaction with Biden’s performance in debates, particularly his contentious matchup with former President Donald Trump. This sentiment resonated with several elite Democratic donors, contributing to an atmosphere of pressure that ultimately influenced Biden’s decision not to seek another term. Notably, billionaire donor George Soros and his son Alex have also expressed support for Harris following Biden’s exit from the race.
This situation underscores the shifting dynamics within the Democratic Party as it prepares for the upcoming election cycle. With renewed endorsements for Harris, there is a potential for a stronger unified front among party members and supporters, which may boost their chances in the upcoming election.
Overall, Disney’s decision can be seen as a hopeful sign for the Democratic Party, as it seeks to unify its base under a new leadership opportunity. The focus now shifts to how effectively the party can come together to support Harris and capitalize on the current momentum.