by Pam Martens and Russ Martens, Wall St On Parade:
When we heard that the scrappy, independent Senator from Vermont, Bernie Sanders, was going to appear on “Face the Nation” yesterday, we figured he might have something to say about the New York Times’ unprecedented and relentless drumbeat to force President Joe Biden to step down as a Presidential candidate. We weren’t disappointed.
Sanders said this:
TRUTH LIVES on at https://sgtreport.tv/
“I will tell you this, whether you’re a Republican, Democrat or Independent: the American people are disillusioned, they are angry, they think that government is busy paying attention to the rich and wealthy campaign donors. And by the way, I find it personally insulting that the New York Times and all these media organizations go out front page ‘This is what the billionaire campaign donors feel.’ Well, to hell with the billionaire campaign donors. Let’s worry about the working class of this country and what their needs are.”
The New York Times’ Editorial Board called for President Biden to step down from the race less than 24 hours after his poor debate performance on Thursday, June 27. On the same day, three of its columnists mirrored those sentiments on its digital front page. Since then, there has been a nonstop drumbeat on this theme coming from The Times, which to many in the Democratic Party feels like The Times is attempting to put its thumb on the scales of this election.
The Times columnist, Maureen Dowd, has been among the harshest, with her comments frequently sounding like she’s the one unmoored from reality. On July 6 she wrote:
“Trump is the master con man, but Biden is giving him a run for his money.
“He, his wife, his vice president and his longtime aides worked hard to conjure a mirage where everything is fine in Bidenworld.
“That mirage vanished with the debate.”
Trump’s con man credentials include taking his businesses into bankruptcy six times; fomenting an insurrection at the U.S. Capitol over a fake claim that the 2020 election had been stolen from him; being convicted by a jury of 12 men and women on 34 criminal counts of falsifying business records, and on and on.
To compare Joe Biden — who was elected seven times since 1972 to public service as a U.S. Senator, then a Vice President for two terms under President Obama; and the last 3-1/2 years as President of the United States – to having the con man instincts of Donald Trump suggests a nefarious agenda at the New York Times.
As for The Times’ obsession with pushing the idea that wealthy donors are in revolt against Biden, here’s a sampling of their recent articles on that topic: (Warning: Possible paywalls.)
June 29: “Major Democratic Donors Ask Themselves: What to Do About Biden?” This article begins what will be multiple mentions in future articles of “megadonor” Ron Conway, a Silicon Valley venture capitalist who doesn’t want Biden to continue his campaign.
July 1: “Top Biden Officials Seek to Calm Donors: ‘Breathe Through the Nose’ ”: This article reports that the Biden camp held a Zoom call with wealthy donors and that “The New York Times was connected to the call by an authorized participant.” It’s not clear if the Biden camp knew that the New York Times was listening in on this call.
July 1: New York Times Dealbook: “What Will Biden Donors Do Now?” Suggests that Wall Street money for Biden “will dry up.”
July 3: “Big Donors Turn on Biden. Quietly.” Again mentions Ron Conway’s revolt toward Biden but also reports that the billionaire founder of LinkedIn, Reid Hoffman, is rallying Silicon Valley donors behind President Biden.
July 4: “Major Democratic Donors Devise Plans to Pressure Biden to Step Aside.” This is one of The Times’ most curious reports, indicating that a group of mostly unnamed wealthy donors in revolt against Biden are “working to raise as much as $100 million for a sort of escrow fund, called the Next Generation PAC, that would be used to support a replacement candidate. If Mr. Biden does not step aside, the money could be used to help down-ballot candidates, according to people close to the effort.”
One thing this group has not done is due diligence on name selection. There are already a litany of PACs with “Next Generation” in their titles. As of this morning, the Federal Election Commission shows no filing has been made for this new PAC.
According to The Times, the brains behind this new Next Generation PAC to, ostensibly, support Democrats, is crypto billionaire Mike Novogratz. However, given the tens of millions of dollars that crypto billionaires have already poured into supporting Republican candidates, one should be skeptical of the real agenda here. (See our report: Crypto Tries to Recreate the Koch Money Machine to Pack Congress with Shills.)
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