The Democratic Presidential candidates who have been the most backed by billionaires have not been doing well in the polling thus far, and this fact greatly disturbs the billionaires. They know that the Democratic nominee will be chosen in the final round of primaries, and they have always wanted Pete Buttigieg to be in that final round. Therefore, they have backed him more than any of the other candidates. But what worries them now is that his opponent in that round might turn out to be Bernie Sanders, whom they all consider to be their nemesis. They want to avoid this outcome, at all costs. And they might have found a way to do it: Elizabeth Warren. Here is how, and why:
Among the top three in the polling — Joe Biden, Bernie Sanders, and Elizabeth Warren — only Biden is among the top five in the number of billionaires who have backed him, and each of the other four candidates scores higher than Biden does in the number of billionaire backers. Furthermore, Biden is sinking in the polls. Consequently, Democratic Party billionaires are increasingly worrying that their Party might end up nominating for the Presidency someone whom they won’t support. That person would be Sanders. And the Democratic National Committee — which relies heavily upon its billionaire backers in order to be able to win elections (just as the Republican National Committee relies upon Republican billionaire backers in order to win) — is terrified by this possibility (alienating its Party’s crucial moneybags).
The saving grace for these billionaires (and for the DNC) increasingly seems likely to be Senator Warren’s candidacy, which draws support away from Sanders, and therefore gives Buttigieg a chance ultimately to win the nomination….