A prominent name in the real estate sector is slamming the Democratic Party as a “sham” following President Joe Biden’s decision to drop his reelection bid amid swirling questions about his health, declaring it is not the party it once was.

Cardone Capital CEO Grant Cardone told Fox News a day after Biden’s surprise announcement, “The Democratic Party I grew up being part of is no longer about regular people. Now we know it’s all been a sham.”

“First thing I thought when I heard Biden would not run was, ‘We’ve been lied to for over four years,’” he continued. “He should immediately step down.”

Biden’s horrendous debate performance against former President Donald Trump in late June was a shock to many Americans as he stumbled and rambled his way through questions and responses. He often appeared confused, vacant, and unable to clearly enunciate his words. Not long afterward, a growing chorus of Democrats, donors, and party operatives began calling for him to drop out, which he did on Sunday, throwing his support behind his second-in-command, Vice President Kamala Harris.

Now others, including Cardone, believe Biden should leave office altogether, citing his inability to campaign for another term as proof he can no longer be an effective commander-in-chief.