The recent presidential debate between President Joe Biden and former President Donald Trump has sparked significant reactions both domestically and internationally. In the United States, the debate has caused a crisis among Democratic donors, who are anxious about Biden's performance and the potential impact on his re-election campaign. The donor class is divided into three factions: those who believe a pressure campaign to urge Biden to step aside would be counterproductive, those advocating for a more measured approach, and those calling for an immediate search for a new candidate.
Democratic fundraiser and strategist Dmitri Mehlhorn, who works closely with prominent donor Reid Hoffman, noted that while the first part of the debate was unsettling, Biden's subsequent appearances have calmed some nerves. Mehlhorn emphasized that Biden ultimately controls his destiny as the Democratic candidate, and any pressure campaign would be a waste of resources if Biden decides to stay in the race.
A third group of donors and advisers, with less influence within Biden's circle, is urging Democrats to stop wasting time and begin the process of finding a new candidate. Potential replacements, like California Governor Gavin Newsom, have expressed support for Biden, arguing that abandoning him after one poor performance would be unnecessary.
Meanwhile, Chinese media have been mocking the debate, highlighting it as an example of the weaknesses in Western democracies. Chinese commentators, including former state media editor Hu Xijin, have described the debate as childish and a negative advertisement for Western democracy. Clips of the debate with humorous musical soundtracks have circulated on Chinese social media, with users criticizing the personal attacks and lack of substantive discussion.
The Chinese public's reaction underscores the stark contrast between the political systems of the US and China. Under Communist Party rule, China does not have presidential debates or national elections, and President Xi Jinping has solidified his position as the country's most powerful leader since Mao Zedong. The debate has been seen as confirmation of Beijing's criticisms of Western democracy and its efforts to displace the US as a global power.
Despite the internal and external criticisms, there seems to be a consensus among Democratic leaders and donors that the decision ultimately lies with Biden. Former President Barack Obama has urged donors to keep faith in Biden, emphasizing the importance of unity and the need to focus on regaining control of the House and Senate. Obama's message highlights the broader strategic importance of the upcoming elections, beyond just the presidential race.
- Former Iowa Senator Tom Harkin has suggested that Democratic senators should ask Biden to release his delegates and step aside to allow for a new nominee. Harkin believes a new candidate could energize the party and attract voters seeking an alternative to Trump.
- In Beijing, the debate has been used as a tool to criticize Western democracy. Chinese media have pointed out the perceived shortcomings of both candidates, with some commentators arguing that the debate highlights fundamental problems in the American political system.
- Prominent Democrats are conducting extensive research to understand the political fallout from the debate, especially in key battleground states. The results of these polls could influence Biden's decision on whether to continue his campaign.
- At a fundraiser in New York, Obama reiterated the importance of unity and the need to focus on winning back the House and maintaining control of the Senate. He stressed that the Democratic Party must work as a team to support Biden and ensure success in the upcoming elections.
