Biden announced he's ending his bid for the presidency via X (formerly twitter).
Sources:
this post was submitted on 21 Jul 2024
1041 points (99.3% liked)
News
23311 readers
3598 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No, they don't. The Democratic Party can give the donated money to whoever is the candidate. Not sure where people are getting that.
Edit: After reading up, I am mistaken kind of. If Harris is still the VP candidate, the money could be used. Otherwise a PAC would have to be setup to funnel money to the candidate...maybe. Bloomberg was simply able to transfer his campaign funds directly to the DNC since it was part of his campaign money...even though the vast majority of it was his own money.
The money Biden has raised directly however can only go to the people that were on his ticket at the time the donation was made
That's correct, but nearly none of the money is the direct donation stuff - it's almost in PACs which are (due to a legal fiction) entirely independent of the candidate.
There are still more restrictions however on spending on other candidates and they would have to act like any other PAC, only helping via donating/running ads in support of (but importantly not directly by) any other candidate.
The $100 million warchest belongs to the Biden/Harris campaign, not the Democratic Party. They are separate organizations, and Biden/Harris only answers to Biden and Harris.
The DNC has its own funds of course, but nowhere near as much. And DNC funds are supposed to be shared with multiple Democrats, not just the one running for president.
And notably even if Biden/Harris were supporting the alternative, they're an outside group. They can spend like a super PAC, but can't pay bills or do direct advertising.