The Democratic National Committee had a rough 2017, plagued by leadership troubles, internal squabbling, and unflattering reports. To top it off, the party ended the year "dead broke," says The Intercept's Ryan Grim.
The Democratic Party is carrying more than $6 million in debt, according to year-end filings — and has just $6.5 million in the bank. Do the math, and the party is working with just over $400,000 overall.
Meanwhile, the Republicans are swimming in pools of money. The Republican National Committee had raised $132 million by the end of 2017 — about twice as much as the DNC — and entered 2018 with almost $40 million to spare, with not a penny of debt.
When Hillary lost, it proved to every major donor out there that the DNC was a born loser, and no amount of cash could fix that. They tried! Spending twice the amount as the GOP wasn’t enough to rectify the putrid stench of the Democrap party, and voters chose the most intentionally insulting POTUS we’ve probably ever had over their candidate.
Businesses don’t often throw good money after bad. They want to be contributing to the winners who can then give them sweet deals.
The corporate tax just put that final nail in the DNC coffin. If they were thinking they would have cooperated with GOP for concessions on certain areas. Instead they sat it out and let the GOP make all the laws and earn all the credit. They thought the tax bill would be so unpopular that they would get the next election in the bag, but they forgot the first rule of politics! Aside from never starting a land war in Asia, and never betting against a Sicilian when death is on the line, the first rule is PEOPLE LIKE MONEY. Getting to keep more of the money they earn and having a booming economy to milk is pretty tough to match with their ante of shutting down the government for illegal aliens.
The Democratic Party is carrying more than $6 million in debt, according to year-end filings — and has just $6.5 million in the bank. Do the math, and the party is working with just over $400,000 overall.
Meanwhile, the Republicans are swimming in pools of money. The Republican National Committee had raised $132 million by the end of 2017 — about twice as much as the DNC — and entered 2018 with almost $40 million to spare, with not a penny of debt.
http://theweek.com/speedreads/752743/dnc-reportedly-dead-broke-rnc-nearly-40-million