Donors Not Interested in Biden Running

“As Joe Biden considers a possible run for president, the donors he’d need to be viable appear to be ruling him out,” Politico reports.

“Not all 400 people who gathered at a waterfront estate here on Sunday have been die-hard supporters of Hillary Clinton. In fact, many of them recall a rough summer eight years ago when Martha’s Vineyard’s liberal elite split their loyalties between Clinton and Barack Obama. But on Sunday, they were reveling in party unity and had little appetite for Biden to complicate the field, despite their affection for him.”

The Fix: “If he decides at the end of this month that he wants to run, he immediately begins in a $45 million (and probably much larger) hole against Clinton. Super PACs could make up some of that ground, but remember that virtually every major fundraiser in the party — including many who were once Biden people — is now on Clinton’s team. So whatever Biden raises, Clinton almost certainly raises double. Maybe triple.”