Despite Vice President Kamala Harris quickly gaining momentum in her presidential campaign with endorsements from key Democrats and a substantial fundraising haul, some major Democratic donors are choosing to hold off on endorsing her, including figures like Mike Bloomberg and Vinod Khosla. DealBook delved into the reasons behind this cautious approach.
Reasons for the Delay:
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- Avoiding a Premature Coronation: Big-ticket donors are wary of prematurely endorsing Harris to avoid giving the impression of a predetermined nomination. They prefer to see a fair and democratic process unfold rather than risk alienating voters by appearing to orchestrate the selection.
- Call for an Open Process: Bloomberg emphasized the importance of allowing the nominating process to run its course in a post on X. Similarly, Khosla highlighted the value of an open process that allows all candidates to present their case, underscoring that coronations are detrimental to democracy.
- Key Leaders Maintaining Neutrality: Not only donors but also prominent figures like Senator Chuck Schumer and Representative Hakeem Jeffries have refrained from publicly endorsing Harris, indicating a broader sentiment of caution among party leaders.
Potential Future Alignment:
While Harris has already secured commitments from adequate delegates for the nomination, the donors’ hesitance may shift as the campaign progresses, potentially leading to broader support for her candidacy.
