Biden’s Democrat Challenger Gains Steam, Secures $1 Million From Hedge Fund Manager

A Democrat challenger to Joe Biden has gained some steam and notoriety last week after a notable hedge fund manager donated $1 million to his campaign.

Rep. Dean Phillips (D-MN) now has the financial backing and support of billionaire Bill Ackman.

The hedge fund manager has been pushing the need for a Democrat alternative to an ailing Joe Biden for some time now.

Even though Phillips’ campaign has gained steam over the last week, he is still considered a long-shot Presidential candidate.

California Governor Gavin Newsom has long been floated as the most likely and viable Democrat alternative to Biden, but it remains to be seen whether any of these alternative candidates wins the DNC nomination. Here’s more on the story:

Billionaire Bill Ackman Donating $1 Million to Biden Challenger Dean Phillips

Hedge fund manager Bill Ackman has thrown his considerable wealth and support behind Democrat Rep. Dean Phillips presidential campaign.https://t.co/wYlo4Rei8z

— The Epoch Times (@EpochTimes) January 15, 2024

The Hill presented this statement from Ackman following the campaign contribution to Phillips:

“On Tuesday, I am wiring $1 million to wedeserve.org, a political action committee that supports Dean’s run.

This is by far the largest investment I have ever made in someone running for office, and I am making this investment at a high-risk, but critically important moment for his campaign.”

Despite this, some Democrat voters continued to chastise Phillips in favor of 81-year-old Joe Biden. However, national polling shows the Democrat incumbent is in dire straits politically.

Today is the national holiday celebrating Rev. Dr. Martin Luther King Jr. I also note that Bill Ackman and Dean Phillips have chosen today to hold a space focused on spreading disinformation abt the Democratic Party. Tell’s you all you need to know abt Dean Phillips’ campaign pic.twitter.com/jfiOSjcBCi

— Sharone Wellington-deAnda (@DeandaSharone) January 15, 2024

Dean Phillips, without receipts, claims the Biden campaign is blackballing him from network appearances.

When asked why he’s making this allegation —

“…I think it’s true”@deanbphillips is only at 7% in New Hampshire according to a new CNN/UNH poll. pic.twitter.com/4Uaxnrnsj4

— Christopher Webb (@cwebbonline) January 13, 2024

Dean Phillips will tell you it’s Biden’s fault he didn’t get a CNN town hall.
It’s Biden’s fault he didn’t fill his delegates in NH.
It’s Biden’s fault he didn’t campaign in NC.
It’s Biden’s fault he’s polling at 3%.
It’s Biden’s fault he is missing key votes in the house.… pic.twitter.com/mIcfAWDxV5

— KerrBear (@MPLSKerrBear) January 13, 2024

NATIONAL POLL: Should Voter ID Be Mandatory In All Elections?

Reuters spoke to Phillips, who highlighted the difference between him and Biden:

“His relative inactivity on the southern border, I think, is tragic for the Democratic Party and for the country.

The first order of business for a president is to provide security and there’s just no perspective whatsoever that anybody can make that is manifest at the southern border.”

I’ve been there twice. It’s a disaster. There’s no question. It has to be hardened.

And we have to create buffer zones on each side. And we have to reform our asylum law and we have to work together to do it.”