The Democrats have a lot of problems right now, but they’ll have an even bigger one if Sen. Elizabeth Warren wins the 2020 nomination over former VP Joe Biden.
Apparently, these big donors are in big business, and Fauxcahontas’s constant threats to punish banks and implement harsh regulations on corporations isn’t sitting well with many of these business owners.
According to CNBC, this isn’t just a few disgruntled rich guys either, this is becoming a popular opinion among the business community.
In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020 race.
“You’re in a box because, you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,’” said a senior private equity executive who declined to be named.
During her campaign, Warren has taken a very socialistic tac and has continuously threatened to come down hard on the business community. She’s not even trying to make it sound pleasant, she’s openly at war with them.
I'm Elizabeth Warren and I approve this message. https://t.co/2Ewkbm0ZwA
— Elizabeth Warren (@ewarren) September 10, 2019
If these donors do pull out, then it will make a cash problem the DNC is already suffering from even worse. As my colleague Bonchie reported just last May, the DNC is cash-strapped thanks to low donation amounts compared to the RNC, which has been continuously flush with cash.
If Warren is given the keys to the DNC’s driver seat, then you can bet donors are going to bail and make their situation even worse.
If anything, this should be one more signal to the Democrats that the radicalism may play well with its increasingly ravenous but shrinking base, but for the rest of America, Warren’s “eat the rich” style of governing doesn’t fit.