Obama, who has received a significant amount of celebrity endorsements, will be the beneficiary of a fundraiser at which rock legends Bruce Springsteen and Billy Joel will perform together.
At a time when legacy publications are increasingly seen as playing for one political "team" or the other, this type of editorial decision will not do anything to fix that perception.
The president could form a sizable splinter party if he's serious, but GOP defectors would have major ballot-access issues. Might they take over a smaller party instead?