Strategic Insights Report

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Money in Politics

Battle for the Soul: Democrats' Internal Struggle Amid 2024 Uncertainties

Why Democrats Feel Like Underdogs

Jun 20, 2024
∙ Paid

Amidst a political landscape rife with uncertainty, Democratic activists and donors are wrestling with a complex array of emotions as the 2024 election approaches. To provide a counterpoint to our Silicon Valley coverage and taking a small break from covering business, we sought to understand the perspectives of the big-money political players on the East coast. Despite controlling the presidency and securing significant policy wins, there's an unmistakable sense of disquiet among the party faithful, betraying deep concerns over leadership, communication, and the Democratic coalition's trajectory.

An afternoon at a lively campaign office in New York highlighted the sharp contrast between numerical strength and grassroots vigor. "My sole motivation to contribute is the Supreme Court and the abortion rights battle," shared a former tech executive who founded her own super PAC and relocated her family. "My fight isn't for Biden or Congress; it's for my daughter's autonomy over her body." …

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