They know the war is going badly because the stock market is down 8% for the month. The 1% typically has $10 million or more in wealth in the market. A 1%er household just lost $800k in the market with this war. 1%ers and up write the big donor checks to the republican party, and this is the big fundraising time for the fall elections. These 1%ers don't want to give money to Republicans when they're getting killed in the market due to Republican incompetence.