…well, first they pull away from the bad investment and then they start looking at ways to build their own platforms. The problem is we aren’t talking about a new tech innovation but the Democrat Party.
The Gateway Pundit just posted a shocker headline yesterday by Joshua Caplan called “BROKE: New FEC Report Shows DNC Finished June $3.3 Million in Debt”.
Under the leadership of former Obama official Tom Perez, a new FEC report reveals the DNC finished the month of June $3.3 million in debt.
They’re broke. Just like their policies.
While I would happily dance a jig New Orleans style on the way back from the DNC’s funeral march, I wouldn’t exactly say its down for the count yet. It does raise some very interesting questions though. So I went looking (as usual) to see what I could find.
Who got all the cash over the last year and who is going to pay amounts left owing?
The Democrat Party believes in socialist “spread the wealth” and all the flatlining that eventually goes with it, right?
According to OpenSecrets for the 2016 election cycle ending December 31st as reported by FEC in March 2017:
The DNC raised $1,292,188,200 spent $1,279,227,681 cash on hand of $34,911,617 owed $43,171,752.
The DNC National Cmte raised $372,182,925 spent $368,480,666 leaving cash on hand of $11,788,858 owed $4,143,971.
The Dem Congressional Campaign Cmte raised $220,891,388 spent $216,358,584 cash on hand of $6,682,244 owed $14,000,000
The Democrat Senatorial Campaign Cmte raised $179,800,229 spent $177,414,911 cash on hand $3,298,818 owed $20,106,670
The RNC raised $968,828,665 spent $933,581,443 cash on hand $53,128,197 owed $31,322,147
The Rep National Cmte raised $343,371,200 spent $323,058,132 cash on hand $25,328,012 owed $0
The Rep Congressional Cmte raised $170,601,976 spent $160,642,785 cash on hand $11,436,461 owed $11,150,000
The Rep Senatorial Cmte raised $138,376,518 spent $133,949,377 cash on hand $7,132,930 owed $18,000,000
Still spending in 2017, but with less incoming big donor donations.
According to the Gateway information, they are racking up multi-million dollar costs monthly this year as well. but there is a serious problem…It seems a lot of their heavy donors from different industries like tech and energy have begun to back off and either reduced their donations or in some cases have decided to go it on their own to try to start other political parties…
Oops… Looks like the realities of socialism are settling in.
People with lots of money may be counted on to pour amounts into the kettle but eventually they get tired of no return on their investment. They also get nervous when things come to light that show collusion, fraud, and corruption are the watchwords for that which they so generously backed. Either they develop sudden memory loss, get angry and move on, or they cut their losses and run for the hills to get out of the limelight in case they too become embroiled in the problem.
Heavy donors also generally have short fuses when confronted with lazy leeches that know less about how to work and a lot more about how to demand hand outs. After a few years of steadily heavy hitting up donors and bad results, either the donors slam the door in the beggars faces or move on to other projects or both at once.
It’s classic Economics 102 –making money involves spending to gain some quick or future benefit then moving rapidly from investment to investment without long-term commitment to any one cause or project. These millionaires generally don’t want a drain on their funds or personal involvement and are quick to assess the potential worth to them. Where do people think the “time is money” meme came from?
Just consider how much money has already been spread around the country by Democrats in the first half of this year alone to try to overturn special elections from local to state. When a local election that generally barely registers in the hundred thousand dollar range can bring in millions of donor dollars versus the opposition yet still lose…well that definitely signals a red flag to donors especially when one considers how organization from top down like the Democrat Party is so disjointed, outrageously overly dramatic, and radical sounding. These guys did not manage to accumulate such vast wealth based on erratic, unpredictable, or outrageous personal or corporate behavior but hard work, discipline, and successful projects that make them wealthier.
Mark Pincus, the founder of Zynga, and others are dipping their toes into a new “political party e-commerce” platform aimed at millennials that is supposed to be pro-business and pro-planet. Others like Google founder Sergey Brin and CEO Sundar Pichai along with Facebook founder Mark Zuckerberg have their own political platform agendas which might be precursors to new political parties. Many of these are not first start attempts but earlier ones that either have barely survived through the years or have been rekindled of late.
Other millionaire big donors have chosen to take over leadership positions themselves—such as Florida billionaire donor Stephen Bittel who became the Florida Democratic Party chair earlier this year;Democratic billionaire J.B. Pritzker who is running for governor of Illinois; and, billionaire Tom Steyer who is debating running for governor of California.
So where do the political parties stand today according to a few review posts:
DNC Chair Tom Perez recently sent out a fundraising email to supporters claiming, “I know garbage when I see it,” citing that he once worked on a dump truck. It’s ironic that he referred to the GOP health care bill as a “flaming dumpster fire” because he has been presiding over the disaster that is the Democratic National Committee. The organization reported that May 2017 was its worst fundraising month since the Iraq War in 2003, and April 2017 was its worst fundraising month since 2009. In May, the DNC also reported that it has $1.9 million in debt. Despite the fact that former Secretary of Labor Tom Perez was recruited by Barack Obama to appease the party’s donors, lobbyists and PACs, even they have refused to prop up the failing brand. Haim Saban and James Simons poured millions into Hillary Clinton’s presidential campaign, but they have yet to be listed by the FEC as DNC donors in 2017. Additionally, George Soros has only given $33,900 to the DNC in 2017, but he poured millions of dollars into the Democratic Party in 2016.
The Democratic Party is in crisis, hollowed out at the state level, and desperate for new ideas, bold leaders and a cutting-edge plan of action against Donald Trump. In part that’s a reflection of the seriousness of the Democratic predicament, both as a political party and in its official institutional apparatus.
The Republican National Committee (RNC) raised a record $13.4 million in June, bringing its total 2017 fundraising to $75.3 million. In a release provided first to The Hill, the RNC announced another strong monthly haul and has $44.7 million in the bank. It’s the most the RNC has raised in June of a nonpresidential year. RNC Chairwoman Ronna Romney McDaniel credited the record fundraising to the committee’s “loyal network of grassroots donors” due to their support for President Trump and the GOP’s agenda.
There you have it in black and white…sorry Democrats but even your main donors and now a lot of the Bernie Sanders lawsuit folks are either fed up or had their eyes opened to the truth about the DNC. Thank the Clintons, Obama, Wasserman Shultz, Schumer, Pelosi, Perez, and others for that next time you see them.
So was the Gateway Pundit article pure speculation or based on real information?
FACT (a bit dramatically written) but not fake news
Keep it up DNC –wither away on the vine. We in the Republican Party also need to clean up our own problem children so don’t feel like you are alone in this. Maybe one day soon we won’t need a political party but every person vote their preference based on the strength of the candidates’ own platform and ability to get that platform done.
Come to think of it we have one like that right now as president….his platform was neither party but a combination of both. Despite Dem roadblocks and perversity he IS getting done what he promised he would do…go figure if Dems would simply shut up, read, and follow without political group propaganda and interference they might be surprised.
We have yet to see how well he has done until the pudding has been set. Some of his actions may well bring angst down on him from all sides but at least unlike others in both parties HE IS WORKING TO ACHIEVE FOR OUR COUNTRY.