Billionaire investor Bill Ackman plans to donate $1 million to a political action committee supporting Democratic Rep. Dean Phillips of Minnesota, who launched a long primary campaign against President Biden last year. He said that.
in a long sentence Post to XAckman, who was previously active on Twitter, said Phillips would make a “truly good president of the United States,” adding that he believed there was a “credible path” to the nomination. He said this week he would donate $1 million to the We Deserve Better PAC.
“On Tuesday, I will wire $1 million to wedeserve.org, a political action committee supporting Dean's candidacy. This is by far the largest investment I have ever made in anyone running for office. “I am making this high-risk investment at a critical moment for his campaign,” Ackman wrote to X.
Phillips is lagging far behind Biden in opinion polls as he campaigns for the nomination.according to real clear politics The average turnout in the Democratic primary was nearly 70% for Biden, followed by author Marianne Williamson at nearly 8%, and Phillips at about 3%.
Ackman said Phillips has a path to advance in the primary if he performs well in New Hampshire. He also said that Biden's “numbers only get worse as he gets older.”
“With Mr. Dean rising in the polls and Mr. Biden deteriorating, Democrats will have to choose a candidate who can beat the Republican candidate. “I predict the party would choose Dean Phillips over Biden if he polled significantly better than he did.” “The party has no choice.”
Biden will not appear on the state's Democratic primary ballot because the Democratic National Committee has not certified this year's primary. Despite Biden not appearing on the ballot, nearly 64% of Democrats in a recent poll said they would vote for him over another candidate as an additional candidate.
Ackman previously said he was “impressed” with Philip last year and hinted that he would support Philip's bid for the White House. He also said it was time for Biden to “stand back” in the primaries.
“I think Mr. Biden did a lot of good things. But I don't think his legacy is [be] It would be good if he was the candidate,” Ackman said. in an interview In November, he co-starred on Bloomberg TV's “The David Rubenstein Show: Peer-to-Peer Conversations.” “I think the right thing for Biden to do is stand back and say he's not running and create some competitive opportunity.”
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