Haley’s Campaign Loses Steam Amid Donor Backouts

In a significant blow to Nikki Haley’s presidential aspirations, billionaire LinkedIn co-founder Reid Hoffman has withdrawn his financial backing. This development follows Haley’s recent defeats in the Iowa caucus and New Hampshire primary to President Donald Trump. According to a source familiar with the matter, Hoffman, who previously contributed $250,000 to a pro-Haley super PAC, has indicated no plans for further support.

Hoffman had backed Haley despite his history of supporting Democratic causes as part of his aim to prevent another Trump presidency. In a LinkedIn post, he declared that defeating Trump, either through Haley in the GOP primary or Joe Biden in the general election, was crucial for “preserving American democracy” and the integrity of the legal system.

The withdrawal of support from Hoffman, a prominent figure known for his political activism, signals a broader trend of diminishing faith in Haley’s campaign. It also raises questions about the motivations and alignments of her financial backers. As noted on X, formerly known as Twitter, by entrepreneur Vivek Ramaswamy, Haley’s key supporters, including left-wing mega-donors like Hoffman, have a long history of opposing Trump and America First political principles.

This trend of donor retreat was further echoed by reports that three high-profile Republican fundraisers, each responsible for raising up to $100,000 for Haley’s campaign, are now refraining from further fundraising efforts. The shift in donor confidence coincides with Haley’s declaration that the race is far from over despite her recent primary losses.

Fox News host Laura Ingraham highlighted the growing skepticism toward Haley’s campaign on the Wednesday broadcast of “The Ingraham Angle,” suggesting that the former U.N. Ambassador might be aligning with a Bush-Cheney style of Republicanism. Ingraham’s commentary, often resonating with conservative viewers, further underscores Haley’s challenges in convincing the GOP base of her candidacy’s viability.

In contrast, President Trump’s recent primary victories, achieved despite opposition from state governors and being outspent by rivals, demonstrate his enduring appeal and trust among Republican voters. Despite ongoing challenges, his success in Iowa and New Hampshire reflects the strong support he enjoys within the party.

The loss of support from key mega-donors like Hoffman, coupled with the lackluster performance in early primaries, poses a significant challenge for Haley’s campaign. It raises questions about the influence of big money in politics and the genuine alignment of political figures with their proclaimed ideals.