I don't think it was the whole equation.
But part of it.

It is hard to dispel the notion it was a factor.

It takes money to win a presidential election.

And people with money want candidates who can win elections.
People with money cannot get power with candidates who do not win.

It gave quite a few details with some links, if I recall correctly.

I don't doubt the involvement by tech oligarchs. It's how things are done sometimes - or at least it's what attempts are sometimes made.

Biden decided to bow out because of his energy level (and perhaps because he looked at polling).

and hasn't been for a long time. We don't know everything that went into Biden's decision because he didn't enumerate them in his speech on Tuesday. It was likely a combination of several things.

Big donors weren’t refusing to donate because they already had What they were reporting is that they could encourage new donors after the debate. But that wasn’t “blackmail”, it was reluctance to donate to what people thought was a losing effort, as opposed to donating to races that were still competitive.

Some big donors who had legitimate concerns about the race, and other big donors who want to be able to dictate aspects of the candidate's administration.

You're not paying attention. What is infinitely more likely is that Joe knew that a great many democratic pols down-ticket in tight races were about to see their Big-Money donors yank the financial rug out from under them if they didn't go all et tu, Brutus on Biden.

The fact that this asshole felt confident enough to overplay his hand and say the quiet part out loud, means that they think that they have the pretty lady between a rock and a hard place. Here's hoping her resolve is strong enough to tell him to shove it, and then quietly suggest that there might be an investigation in his future if he doesn't watch his step. Such a brazen quid pro quo cannot be ignored.

acting as if there were no other issues whatsoever

Tell us you haven't been paying attention without telling us you haven't been paying attention.

did not go on CNN and demand the VP not pursue antitrust, regulating cyber etc?

there was no outrage about Biden accepting his money.

Saw the guy on 11th hour last night.

He’s very anti Republican

Publicly Funded Elections.

more than 400K. All positions should have a max of the salary position they are going after. It’s gross to spend a billion dollars for a job making 400K.

You don't get to hand down ultimatums just cause you're a jillionaire.

Harris is a logical and persuadable leader. But people have to argue inside the Democratic process

Perhaps “The Big Newsletter” has an ideological bent?

As the only person here on the “Oligarch” Committee, perhaps I’m just more appreciative of generous Democratic donors.

Here's the column archive:
https://substack.com/@mattstoller

Is this being accurately reported?

Just to even it out.

Self-governance requires constant vigilance.

I don’t have nearly as much money to contribute but I give enough to attend the same meetings, get face time with our candidates and Party leadership etc.

In the meantime, the Biden and now Harris campaigns built their financial model around a large influx on cash from megadonors. I’m not going to ask them to unilaterally disarm.

Talk is, after all, cheap.

That said, if they can't bring themselves to at least say what I want to hear, they're probably not going to be able to bring themselves to do what I want them to do.

It will come in drips as low level members of Congress start mouthing off to corporate media that she can't win or laughs too much or some other nonsense. Then the bigwigs jump into the bandwagon and so on.

Seriously, something has to be done to get rid of the fat cat donors who think they get to choose who runs for office. That won't happen anytime soon, but this cannot go on.

...prevail in this election--your vote and opinions will never matter again. It's people vs unlimited money. Like Kamala says - "Bring it on."

Been saying it since the Bush II years of terror - The government should pay the cost of all elections from State Governors to President. Money, personal or donated - banned!

The half-way attempts of the past have failed. Go nuclear.

Get elected.....
Then tell him to get stuffed!
What's he going to do?

she seems to be raising plenty from small donors.

We need to keep donating what we can, not only to the Harris campaign, but to the campaigns of vulnerable legislators who may otherwise be desperately dependent on large donors.

Biden's policies help the middle and working class, but we're supposed to be scared and angry that Harris will spinelessly "comply" with all the bad oligarch demands and have to be a corrupt beholden elite forever and ignore The People because of campaign contributions. Same old corruption accusations against Democrats.

to pitch in like he did in 2020. He's worth way more than Hoffman.

The campaign will be happy to have his support?

There’s also a clip of Hoffman on CNN, but unfortunately only 10 seconds. I just say all this in case someone does not want to go to the link.

Than you misanthrope, for the heads up. What a revoltin’ development.

In the meantime the campaign needs the money.

Pretty sure this is why the UAW hasn't endorsed yet. I've seen Shawn Fain in interviews, and he can talk all he wants about "procedure"...sounds to me like he wants to name the VP. Hopefully with the kind of money she's raising,, Kamala can tell these American oligarchs to fold it five ways & stuff it.

Just like me? And you?

…and I suggested how she should frame her message in her upcoming college tour.

Was that unfair?

I left ages ago. Not only was it a cesspool of spam, but was hacked, so that my old email address gets tons of spam in perpetuity.

As for politics, tech bros be tech bros.