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Abigail Disney, heiress to the Walt Disney Company and liberal megadonor, has said she will withhold money from the Democratic Party until President Biden withdraws from the 2024 race.
Biden’s disastrous performance at last week’s debate has raised widespread concerns about his candidacy among Democrats, who now believe he is unfit to govern the country for another four years. Abigail Disney, the granddaughter of Walt Disney Co. co-founder Roy Disney and a longtime Democratic Party donor, is among the influential liberals who have seen enough.
“I intend to halt all contributions to the party unless and until they replace Biden at the top of the ticket. This is realism, not disrespect. Biden is a good man and has served his country admirably, but the stakes are far too high,” Abigail Disney told CNBC.
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Abigail Disney has had enough of President Biden. (Frederick M. Brown/Getty Images / Getty Images)
“If Biden doesn’t resign, the Democrats will lose. I’m absolutely certain of that,” Disney continued. “The consequences of losing will be truly devastating.”
The Disney heiress has a preference for a replacement and wants Democrats to ignore Vice President Kamala Harris’ “shortcomings” after she blasted Biden for years.
“We have an excellent vice president. If Democrats would tolerate her perceived shortcomings, even one-tenth of the shortcomings they’ve tolerated Biden — and let’s not kid ourselves about where race and gender play into that inequality — and if Democrats can find a way to stop nitpicking and rally behind her, we can win this election by a wide margin,” she said.
The Walt Disney Company did not immediately respond to a request for comment.
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President Joe Biden delivers a speech during the CNN presidential debate at CNN Studios on June 27, 2024 in Atlanta, Georgia. (Justin Sullivan/Getty Images / Getty Images)
According to CNBC, Abigail Disney donated $50,000 to the Jane Fonda Climate political action committee in April and $150,000 in 2014 to Planned Parenthood Votes, among other donations.
During the now-infamous debate, Biden repeatedly lost his thread mid-sentence, became confused and visibly struggled to counter former President Trump’s arguments in real time. A flood of media and leading Democrats have since called for him to be stripped of his re-election bid.
Biden has insisted he has no plans to quit. He is scheduled to give a long-awaited interview with Disney-owned ABC News on Friday.
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Disney’s stance could be troubling to Democrats if more wealthy donors follow suit. Gideon Stein, president of the Moriah Fund, said he is pausing planned donations of $3.5 million that would go to election-related nonprofits and political organizations, CNBC reported.