A Democratic donor on Trump and Biden

Mark Pincus writes:

I maxed out my giving in the last four presidential elections to the Democratic candidate: Barack Obama, Hillary Clinton, Joe Biden, and Biden again, this cycle. 

Perhaps that makes me sound partisan, but I don’t align with either party. Like many of my peers in Silicon Valley, my views can be described as libertarian. I’m skeptical of big government, and both parties have recklessly printed money and spent the U.S. into a deep, dark debt hole. 

And unlike a lot of President Biden’s donors, I don’t think everything Donald Trump says or does is awful. I’ve been encouraged by the unwavering support for Israel he’s shown at the RNC this week. And looking back, I like that Trump was tough on China and Iran, and that he pushed European countries to contribute their fair share to NATO. 

I am also very scared of the extreme left, who seem to hate capitalism—a force I see as the engine of our exceptional country.

So why did I throw my support behind Biden?

Because throughout this campaign I have thought that a second Trump presidency is risky. In the past he has supported right-wing policies on abortion and climate. He’s also been oddly positive about dictators like Vladimir Putin. 

At this week’s RNC, the party of Trump sounds more mainstream. Who knows which Trump we will get? It’s a gamble. 

In December I attended a small lunch conversation with Biden. He was engaging and thoughtful. Our interactions gave me confidence that he still had enough drive to beat Trump a second time and be a reliable leader.

Seven months later, I have a radically different perspective. Biden looks even riskier than Trump. His debate performance made his age and competency the central issue in the 2024 election. And Biden and the Democratic Party seem to be moving further left by the day. 

Many of us are left wondering who is currently running the country. How else to explain the insane proposal he just put forward to put caps on grocery prices and rent increases?

Biden campaigned on being the moderate candidate. But in office he has been pushing a policy agenda Bernie Sanders would love – rent controls, price controls and student debt write-offs.

Only one strategy has a chance for the party and the country: an open convention. There’s nothing to lose and everything to gain.

Turning the convention into an open forum would be dramatic and exciting, and offer the best chance to produce a leader with a positive, mainstream agenda for our country. Someone we could trust more than Trump, but with a platform that is also about economic growth, secure borders, support for allies like Israel, and climate and civil liberties protection. Josh Shapiro, Gretchen Whitmer, and Cory Booker are strong contenders. There are also black swan outsiders who could energize this race.

I think Biden will go soon, but I think they will avoid an open convention by having him endorse Harris.

UPDATE: This was written before Biden announced he will step down as candidate, and he has endorsed Harris. I’ve left it on the schedule as I think the points made about Biden implementing such bizarre policies from the hard left.