Billionaire Dem donor Michael Moritz slammed as he calls for Joe Biden's exit from presidential race

WASHINGTON, DC: Michael Moritz, a prominent Democratic donor and Silicon Valley billionaire, has made headlines by joining the growing chorus of voices urging President Joe Biden to withdraw from the presidential race against former president Donald Trump.

Moritz’s public stance has added significant weight to the pressure on Biden, as he is one of the Democratic Party's largest contributors.

In an email to The New York Times, Moritz stated, "Sadly, President Biden has a choice — vanity or virtue. He can either condemn the country to dark and cruel times or heed the voice of Father Time. The clock has run out."

Michael Moritz joins the growing chorus of voices urging Joe Biden to step down

Moritz’s sentiments reflect a broader unease among influential Democratic donors who question Biden’s ability to secure another term.

Moritz has been a significant financial supporter of pro-Biden and anti-Trump initiatives, contributing $7.8 million to the 2024 election cycle, with $6.8 million going to American Bridge PAC, known for its anti-Trump advertisements in battleground states.

Despite his support, Moritz has declared that all his future donations to the Democratic Party are now on hold, emphasizing, "I would vote for Biden, but I would not give another penny to any fund-raising appeals from Democrats."

Moritz is not alone in his calls for Biden to step aside. Reed Hastings, Netflix’s co-founder and executive chairman, has also urged Biden to withdraw. Bill Harris, the former CEO of PayPal, has expressed that it is "inevitable" for Biden to step aside.

Major Democratic investor Whitney Tilson told ABC News that it’s "highly unlikely" Biden can beat Trump in the upcoming election, stating that even the wealthiest supporters have financial limits and are holding back donations in anticipation of a new candidate.

Billionaire Rick Caruso and Damon Lindelof, the co-creator of 'Lost' and a prominent Democratic supporter, have also voiced their opinions online, calling for Biden to step down.

Abigail Disney, the granddaughter of The Walt Disney Company co-founder Roy O Disney, added her voice to the growing discontent, stating she would stop her contributions unless Biden withdraws.

The dissatisfaction among donors has been mirrored by several congressional Democrats. Following a shaky debate performance by Biden, characterized by a lack of energy and clarity, four Democratic senators and over 30 House Democrats have urged the president to reconsider his campaign.

Concerns about Biden's ability to defeat Trump and serve another term have sparked calls for a new candidate to take the lead.

Michael Moritz faces backlash for comments against Joe Biden's reelection bid

The internet has been ablaze with reactions to Moritz’s remarks, with many expressing backlash towards his sentiments.

On Facebook, one user said, "The only person who can win is Joe Biden. Just because Trump is nominee for Republicans does not mean anyone else can run the democrat ticket. Noone else can run on Biden's work these past 3.5 years."

While another remarked, "He chooses to work for the 81 million that voted for him and he's doing a good job at it! There's no reason to replace him." One person wrote, "Stay in Joe and remember everyone that wanted you out when you win."

Another commented, "A billionaire has the nerve to talk about 'vanity or virtue.'"

One individual posted, "STAY THE COURSE JOE AND THEY CAN JUST GET THE HELL OUT THE WAY." Another stated, "Problem is voters do not remember pre covid trump as cruel or dark. Biden is still a good choice."

A seventh user wrote, "Stay in the race President Biden. No one else can beat Trump." Lastly, a user said, "Those arguing against Biden will eventually end up regretting it."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.