President Joe Biden's announcement on Sunday that he would not accept the Democratic Party's nomination for president in the 2024 election triggered a fast reaction by respective leading business leaders and trade groups.
“It was the top honor of my life to service as your president,” wrote Biden. "And while I was going to search re-election, I think it is in the interests of my organization and my country that I should step down and focus solely on fulfilling my duties as president until the end of my term."
In his second post on the X platform aimed at Democrats, Biden expressed his support for Vice president Kamala Harris as organization candidate. He wrote that Harris' election was his “first decision as organization candidate in 2020” and “it was the best decision I had made.”
"Today I want to offer full support to Kamala to become a candidate for our organization this year. Democrats – it is time to unite and defeat Trump. Let's do it," said Biden, calling for unity of the organization after his withdrawal from the nomination.
Reactions of business leaders to Biden's withdrawal
Elon Musk
Billionaire entrepreneur Elon Musk, who publically supported erstwhile Trump president after surviving an assassination effort on his life last week, wrote in a post on X that he would proceed to support a Republican candidate despite Biden's withdrawal from the race.
"My wisest friends, including those surviving in the San Francisco Bay area who have been Democrats throughout their lives, are excited about Trump/Vance," wrote Musk on X. "I believe in America, which maximizes individual freedom and merit. It utilized to be the Democratic Party, but now the pendulum has passed to the Republican Party.”
Musk besides stressed the study that White home staff had learned about the president's withdrawal from the X platform election, which he purchased over a year and a half ago.
Reid Hoffman
Billionaire, co-founder of LinkedIn Reid Hoffman, a fierce critic of erstwhile Trump president and the politician megadonator, wrote on X that Biden "is a leader who works in America's best interests" and called his withdrawal from the election "one of the most selfless acts we have seen from politics in modern American history."
He besides supported Vice president Harris as a "appropriate individual in due time" for Democratic organization candidate in November.
"Democrats are a organization to politics, advancement and action. erstwhile we face a choice between Kamala Harris and Donald Trump, I believe that the American people will make the right decision for our country. The Biden-Harris administration has directed this country on the right path. It is time to unite," Hoffman wrote. “I wholeheartedly support Kamala Harris and her candidacy for president of the United States in our fight for democracy in November.”
Bill Ackman
Bill Ackman, who late supported president Trump's campaign, wrote on X that Democrats would gotta decision Harris to the top of the ticket due to the fact that not doing so would propose that she was not qualified to be elected by Biden as vice president.
"If @KamalaHarris is not a candidate, it would be a confession that she was never qualified to be vice president," wrote Ackman on X. "@KamalaHarris will so be a candidate."
Reed Hastings
Billionaire, co-founder and president of Netflix Reed Hastings urged Biden to retreat from the race after the first presidential debate and suggested that delegates headed for the Chicago Democratic Convention for little than a period should find a candidate who could win in the shuttle states.
"Democrats delegates must elect a winner in the shuttle states," wrote Hastings on X.
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