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Joe Biden loses support of top campaign fundraiser – meltdown is real!

Joe Biden and his campaign are imploding. After a disastrous debate on Thursday, top fundraisers are jumping ship before it complete sinks. Tom McInerney, a veteran San Francisco based lawyer, who gave $200,000 to Obama during his first run for office is ditching Biden like the plague. Can’t really say I blame him either.

Joe Biden loses support of top campaign fundraiser – meltdown is real!
Joe Biden loses support of top campaign fundraiser - meltdown is real!

Former Vice President Joe Biden lost one of his top fundraisers after controversial comments regarding his work with past segregationists and his flip-flop on repealing the Hyde Amendment, CNBC has learned.

Tom McInerney, a veteran San Francisco based lawyer, informed Biden’s team on June 20 that he can no longer help him raise campaign cash to compete in the 2020 presidential election.

“I had actually let the campaign known I’d pulled back my support of Biden for now,” McInerney told CNBC. “I don’t think he did well last night,” he added, reflecting on Biden’s debate performance on Thursday night.

While McInerney is the first financier to publicly withdraw his support after Biden’s controversial round of comments, the loss is significant because it could be a harbinger of further defections.

“I would imagine I’m not alone,” said McInerney, who was a lead bundler for President Barack Obama in his first run for president. He helped Obama’s campaign raise at least $200,000 throughout that cycle, according to the nonpartisan Center for Responsive Politics.