Warren is hurting Democrat Senate races too
Washington Free Beacon:
Several Wall Street Democratic megadonors are reportedly withholding donations for down-ballot Senate candidates due to their dissatisfaction with presidential candidate Elizabeth Warren's rise in the polls.This makes sense. Why would you give money to people who hate you and your business?
CNBC reports the Massachusetts senator's rise is hurting the party's fundraising efforts. "Some finance executives have recently told Senate Minority Leader Chuck Schumer that they are, for the moment, holding back from donating to Democrats running for Senate in 2020," the report says, "due to their concerns with Warren becoming a front-runner in the race for the party's presidential nomination."
Warren has steadily climbed in the RealClearPolitics average of Democratic primary polls from a distant fifth in April to a close second in November, including a brief moment in October when she supplanted former vice president Joe Biden as the frontrunner.
Longtime Democratic donor Bernard Schwartz said he knows of multiple Wall Street executives who have told Schumer (D., N.Y.) they will withhold donations to Senate races if Warren wins the nomination. "I think at the end of the day it's going to be very hard for Elizabeth Warren to be the leader of the party," he said. "I think the party is much more centrist than the people who have the microphone."