The DNC’s Abysmal Fundraising
August 21, 2017
"Tom Perez has been chairman of the Democratic National Committee for about six months. During that brief tenure, the committee has accounted for three of its 14 worst monthly fundraising reports since Barack Obama was elected president. And its latest month was its worst since Obama was inaugurated more than eight years ago.
"The DNC has had problems for years … But even by its own standards, the start of 2017 has been bad.
"Even worse, they are actually losing money rather than building up a war chest with which to fight the 2018 election. The DNC's cash on hand has dropped from more than $10 million when Perez took over to less than $7 million today. The committee has also seen its debts rise to $3.4 million. Combining its cash on hand with its debt, the DNC was $7.4 million in the black shortly after Perez took over at the end of February and is now just $3.4 million in the black. (This is the red 'net money' line in the below chart.)
"On top of Perez's ill-advised comments about how Democrats had to support abortion rights a few months ago — something other Democratic leaders quickly rebuffed — it suggests the DNC hasn't really righted the ship after Wasserman Schultz's rocky tenure."
To read more, click here.
Budget and Spending Budget and Deficit Spending