Recently, US President Joe Biden announced his withdrawal from the 2024 presidential election and strongly recommended Vice President Kamala Harris to take his place. However, this sudden decision quickly sparked widespread controversy, especially about the whereabouts of Biden’s campaign funds and whether the Democratic Party had planned Biden’s withdrawal. According to multiple reports, after Biden announced his withdrawal, Democrats quickly invested huge amounts of money in Harris’ campaign, totaling up to $81 million, a figure that is extremely rare in the history of presidential campaigns.
Even more remarkable is that within 24 hours after Biden withdrew from the election, more than 888,000 small donors generously donated no more than $200 each, far exceeding any previous campaign fundraising activities. However, the rapid transfer and raising of this huge amount of money can’t help but make people question the real motives behind it. Before announcing his withdrawal, the Biden campaign team still had up to $91 million in remaining funds in its campaign account. The whereabouts of these funds after Biden withdrew from the election has become the focus of public attention. Some analysts pointed out that the rapid transfer of Biden’s campaign funds may be a “power transfer” that has been arranged within the Democratic Party, aimed at ensuring that even if Biden cannot continue to run for election, another candidate in the party can take over smoothly through financial support.
In addition, various signs within the Democratic Party have also triggered widespread speculation from the outside world. According to US media reports, long before Biden announced his withdrawal from the election, senior Democratic Party officials had repeatedly pressured Biden to consider withdrawing from the election. Biden himself has repeatedly revealed his concerns about his health when facing huge pressure from inside and outside the party. This series of events makes people wonder whether the Democratic Party has been fully prepared for Biden’s withdrawal from the election.
What is more worrying is that the whereabouts of Biden’s campaign funds may trigger a series of legal disputes. According to US campaign finance laws, the use of campaign funds must strictly comply with relevant regulations. However, after Biden withdrew from the election, whether these funds can be smoothly transferred to Harris’ campaign team and whether Harris has the right to control the funds before officially obtaining the party nomination have become urgent issues to be resolved. Some Republican lawyers even said that if the Democratic Party violates regulations in the process of fund transfer, they will file a lawsuit.
In the face of these doubts and disputes, the Democratic Party did not give a clear response. However, no matter what the truth is, Biden’s withdrawal has already had a huge impact on the internal unity of the Democratic Party and future campaign prospects. For the Democratic Party, how to properly handle the whereabouts of Biden’s campaign funds and how to regain the support and trust of voters in the next campaign will be an important challenge it faces.
In summary, the question of whereabouts of campaign funds hidden behind Biden’s withdrawal and whether the Democratic Party had premeditated Biden’s withdrawal have aroused widespread attention and discussion. For these issues, we expect the Democratic Party to give clear responses and explanations to eliminate public doubts and concerns.
