Biden Inc. is reportedly on the brink of financial collapse as alleged influence-peddling operations fail, forcing the family to scramble for new income sources while attempting to repair a damaged reputation.

At a Glance

• Reports suggest the Biden family faces financial difficulties following Joe Biden’s departure from power
• Critics attribute these troubles to the collapse of alleged family influence-peddling operations
• House Oversight Committee compiled evidence allegedly showing Joe Biden’s involvement in family business schemes
• Biden’s potential post-presidency income from speeches and book deals is reportedly less promising than anticipated
• The family has allegedly hired a former Pentagon spokesperson to manage Biden’s image restoration

Financial Concerns Come to Light

Reports have emerged suggesting the Biden family is experiencing significant financial challenges following Joe Biden’s exit from political power. According to conservative sources, the family’s alleged influence-peddling operations, which critics claim provided substantial income during Biden’s time as Vice President and President, have effectively collapsed. The financial strain has reportedly prompted the family to explore alternative income strategies while simultaneously working to rehabilitate Biden’s public image through media engagement and professional consultation.

https://t.co/zUZ87AU9rw

— Jared (@zerofiveniner) July 27, 2024

Political commentators Mark Halperin and Sean Spicer have made notable claims about these developments. Halperin stated that a fundamental shift has occurred in the family’s financial situation, directly connecting it to their diminished political power. The commentary suggests that without access to the highest levels of government influence, the family’s ability to leverage political connections for financial gain has been severely curtailed.

Image Restoration Efforts

According to reports, the Biden family has hired a former Pentagon spokesperson to orchestrate what some are characterizing as a comeback campaign. This move appears designed to manage Biden’s transition from the presidency and establish a foundation for future income opportunities. Traditional post-presidency revenue streams such as paid speaking engagements, book deals, and corporate board positions are reportedly less promising for Biden than they were for his predecessors.

“There’s a story in Politico today that says they’ve hired the former Pentagon spokesperson to manage the Biden comeback.”, said Mark Halperin.

Some critics have speculated that financial considerations may have influenced Biden’s earlier decision to pursue a second term in office. The suggestion is that maintaining political power would have preserved the family’s access to influence networks that allegedly generated income. This perspective frames Biden’s political ambitions as potentially motivated by financial self-interest rather than public service.

Allegations of Influence Peddling

The House Oversight Committee has compiled what they describe as substantial evidence pointing to Joe Biden’s involvement in family business activities. This evidence includes testimony from Devon Archer, a former business associate of Hunter Biden, who reportedly characterized Joe Biden as “The Brand” that was leveraged in business dealings. According to committee findings, Joe Biden allegedly spoke with Hunter Biden’s foreign business partners on speakerphone more than 20 times.

“I talked to someone very familiar with the Bidens, and I think they’ve pointed out something that I’m gonna say now, that to me, is the explanation, or at least part of the explanation, which is Biden Inc. has collapsed.”, added Halperin.

Additional allegations include claims that Joe Biden dined with Russian and Kazakh oligarchs connected to Hunter Biden’s business dealings in 2014, used the pseudonym “Robert L. Peters” in communications involving Hunter and the Ukrainian energy company Burisma, and was potentially allocated 10% of profits from a deal with a Chinese company in 2017. The committee also reports that Hunter Biden referred to Joe Biden as his business partner in emails.

Access and Connections

Critics of the Biden family point to numerous instances where Joe Biden’s position allegedly facilitated business opportunities. These include claims that Hunter Biden was permitted to travel on Air Force Two for business purposes during his father’s vice presidency, and that Hunter’s business associates visited the White House over 80 times during that period. The House Oversight Committee also alleges that Joe Biden met with Hunter’s Mexican business associates at the White House.

Perhaps most controversially, an FBI form allegedly documents claims that Joe Biden engaged in an extortion scheme for $5 million. Additional evidence cited by the committee includes assertions that Hunter Biden’s pitch to Chinese investors centered on access to his father, and a text message in which Hunter purportedly claimed to his daughter that Joe Biden took half of his salary. These allegations collectively form the basis for claims that the family’s financial model depended on political influence.