Awash in debt, the Democratic National Committee (DNC) posted a slight uptick in off-year fundraising this week, but even that pales in comparison to the Republican National Committee (RNC) haul.
In 2017, the DNC raised a total of $67 million far behind the RNC’s $132.5 million total for the year.
The DNC reportedly has $6.5 million cash on hand, but its debt has ballooned to $6.2 million. The debt-free RNC reports $38.8 million cash on hand at the end of 2017.
The DNC saw a late-year uptick in contributions after the fall 2017 Democratic victories in Alabama and Virginia. Still, the RNC outstripped the DNC’s December fundraising $11.1 million to the DNC’s $5.2 million.
Former President Barack Obama only did one fundraiser for the DNC last year; however, he promises to do more fundraisers as he prepares to hit the campaign trail for Democratic candidates in the 2018 mid-terms.
In addition to their crippling debt and lagging fundraising, the DNC was left in organizational shambles following the 2016 election. The rebuilding efforts have been bumpy at best, and the DNC continues to suffer personnel losses under chair Tom Perez. On Monday, DNC CEO Jess O’Connell unexpectedly called it quits. O’Connell’s surprise departure deals a blow to the DNC’s fundraising and overall rebuilding efforts.
With the GOP consistently doubling the fundraising efforts of the DNC over the past year, will the DNC have the money and infrastructure to mount the “blue wave” Democrat pundits predict in the 2018 mid-term elections?
“‘Rebuilding the Democratic Party has been no easy task,’” DNC press secretary Michael Tyler admits to Politico, “‘but that’s exactly what we’re doing due to the grass-roots enthusiasm of Democratic donors and activists across the country who propelled us to victory in 2017.’”
- For more on the story, see Politico
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