Among recent political events, perhaps the most notable has been the power of a small group of super-rich Americans to exercise outsized political influence. Recall how President Biden soldiered on despite sinking poll numbers, pleas from worried down-ballot Democrats to drop out, and the clear evidence of cognitive decline. Joe remained steadfast, but then overnight, he dropped out. Why? The dramatic decline in super-sized donations did the trick. When major contributors said, “No dough until Joe goes,” Biden surrendered to reality. If there ever was an instance of “money talks” in politics, this is it.
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