Staff Reports
In the post-“The Debate” world of politics, the spotlight has shifted to Joe Biden’s undeniable mental decline and the speculation surrounding his potential replacement on the Democrat presidential ticket. With nearly $100 million in his campaign coffers, the question arises – where does that money go if Biden steps down? The common assumption that it would solely benefit Kamala Harris isn’t entirely accurate, as legal expert Charlies Spies points out.
According to Spies, if Biden exits before officially clinching the nomination, FEC rules limit fund transfers to $2,000 per candidate. However, if Biden waits until after the nomination is secured, the funds could be directed in various ways, including to the DNC or other federal campaigns. Timing is crucial here, with scenarios playing out differently based on when Biden bows out.
Should DNC leadership deem Biden unfit to be the nominee due to a disability, the fate of the funds remains uncertain until after the convention, where decisions can be made. The intricate rules governing campaign finance present avenues for redirection, even if Harris isn’t the frontrunner. While the $100 million can find alternative paths, the benefits might not extend as far without the privileges afforded to candidate-specific advertising rates.
The fate of Joe Biden's nearly $100 million campaign fund depends on when he drops out. If he resigns before formally becoming the nominee, funds could go to DNC or other candidates. If the Dems make a quick roll call vote, Harris might access the cash.… https://t.co/9IMu0Hlg37
— The America One News (@am1_news) July 9, 2024
The Democrats find themselves in this dilemma due to their strategic missteps, including overlooking Biden’s cognitive decline and limiting primary challenges. The repercussions of this situation extend beyond party politics, impacting the nation at large. The unfolding drama within the Democratic camp is both entertaining and concerning, showcasing the consequences of political miscalculations and the high stakes involved in the presidential race.
