by Daveda Gruber:
Where did all the money go? The Democratic National Committee finished 2017 with roughly $6.5 million in available cash and about $6.1 million in debt. This is according to recently released Federal Election Commission filings.
The DNC entered the midterm elections year “dead broke.” with a insignificant $400,000 according to federal records.
This leaves a balance of just $422,582 to start a year that will finish in midterm elections. The Democrats are hoping to recapture a majority in the House.
The DNC’s fundraising problems have been well known since shortly after the 2016 elections. when Hillary Clinton lost to President Trump.
The committee has been hit with chaos. Some of the mayhem was caused by the resignation of chairwoman Debbie Wasserman Schultz. That came with havoc amid leaked emails.
People have asked was DNC brass “rigged” in the primaries so Clinton would defeat Senator Bernie Sanders.
Is Hillary to blame for the distrust? I think she may have something to do with it.
More uproar came with the selection in February 2017 of former Obama administration official Tom Perez to replace Wasserman Schultz, over Minnesota Rep. Keith Ellison. More belief that the party was continuing to shape to its establishment power base.
Now, the DNC has surfaced as a key figure in the Russia collusion investigation.
Funding the “anti-Trump” dossier with DNC and Hillary’s campaign funds that apparently led to the start of the probe.
Donors are more likely to give to individual candidates than to huge groups like the DNC. I don’t think they want to fund another dossier.
The Democratic Congressional Campaign Committee said on Friday, “Democratic candidates across the country are out-hustling and out-organizing Republican incumbents, many of whom have not faced a competitive challenge in a very long time and are struggling to find those old campaign muscles.”
The Democrats are pointing to Republican incumbents trailing their Democratic challengers in fundraising in dozens of House races.
I think the RNC can handle the money but they do need continued financial support.
The DNC’s money woes come at critical time, as it tries to retake the House. They would like to retake the Senate. That might be a bit of a long-shot.
The RNC raised $132 million through last year, which was double the DNC’s intake of $66 million.
This led to reporter Ryan Grim’s tweet:
DNC is borrowing to meet payroll and pay rent, dead broke, while the RNC has $38.8 million cash on hand. https://t.co/DheiGoR1Mi
— Ryan Grim (@ryangrim) February 1, 2018
Does anyone still trust Obama with their money? I wonder…
Please leave comment below. I love to read what you think. I always answer.