Some Dem Donors Furious With How Biden Is Handling Silicon Valley Bank Collapse
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The establishment spent big money to help Joe Biden and stop Donald Trump in 2020.
This included record dark money.
Some of those donors, who are investors, are furious with how the Biden administration is handling the collapse of Silicon Valley Bank.
Some Dem tech investors who have spent millions of dollars currying favor with the Biden administration are furious about what they call the White House’s utter lack of help over the collapse of Silicon Valley Bank.
One of the deep-pocketed venture capitalists told The Post that Treasury Secretary Janet Yellen’s statement Sunday throwing cold water on the possibility of a bailout was “pathetic.”
Others said that unlike the financial crisis of 2008, when bankers and government officials were in constant dialogue, there doesn’t appear to even have been much communication to date between the administration and Silicon Valley as to how the government should respond.
“I don’t think the channels are nearly as open as they used to be,” a plugged-in venture capitalist told The Post. “I’m not part of the dialogue, and I don’t know who is.”
Jack Posobiec reacted to the news on Twitter by pointing out that “Ninety-eight percent of all political contributions from people who worked at tech companies went to Democrats in 2020.”
Dem tech investors who have spent millions of dollars currying favor with the Biden administration demanded bailout
Ninety-eight percent of all political contributions from people who worked at tech companies went to Democrats in 2020https://t.co/CVWNmmSFqr
— No Bailouts Poso 🚫💰 (@JackPosobiec) March 13, 2023
Will Biden cave?
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