Coming off a lack luster performance during his first Presidential debate, 2020 Candidate and former Vice President Joe Biden got some pretty bad news.
According to NBC, Tom McInerney, a veteran San Francisco based lawyer, informed Biden’s team that he can no longer help him raise campaign cash to compete in the 2020 presidential election.
“I had actually let the campaign known I’d pulled back my support of Biden for now,” McInerney told CNBC. “I don’t think he did well last night,” he added, reflecting on Biden’s debate performance on Thursday night.
While McInerney is the first financier to publicly withdraw his support after Biden’s controversial round of comments, the loss is significant because it could be a harbinger of further defections.
“I would imagine I’m not alone,” said McInerney, who was a lead bundler for President Barack Obama in his first run for president. He helped Obama’s campaign raise at least $200,000 throughout that cycle, according to the nonpartisan Center for Responsive Politics.
Biden’s campaign has been plagued since his recent stumbles.
At a recent fundraiser, Biden recalled his days as a senator from Delaware, working alongside two segregationist lawmakers, including Sen. James Eastland, D-Miss.
“At least there was some civility. We got things done. We didn’t agree on much of anything,” Biden said at the time. “Today, you look at the other side and you’re the enemy.”
Only time will tell if McInerney’s withdrawal of support will hurt Biden, but if money talks; this will hurt his chances significantly, as others may follow suit.