TO: Interested Parties
FROM: Katie Walsh, RNC Chief of Staff
RE: Clinton’s ‘Dead Broke’ DNC
DATE: October 22, 2015
With Joe Biden now out of the race and Hillary Clinton’s coronation back on track, reality is setting in at the Democrat National Committee. After being outraised by the RNC more than 2-1 in September, the DNC on Tuesday reported just $5.5 million cash on hand with more than $6.7 million in debt. Despite rolling back President Obama’s ban on lobbyist and PAC contributions and setting up joint fundraising accounts with their candidates, the Democrat Party is now officially insolvent. One cannot overstate the gravity of the problem this creates for embattled front runner Hillary Clinton, who will finally know what it means to be ‘dead broke’ when she completes her takeover of the DNC.
The contrast between the national parties could not be starker. Since January 2013, the RNC has outraised the DNC by $65 million – including 24 out of the last 33 months – despite not holding the White House. After a record-setting third quarter, the RNC has $19.4 million cash on hand and just $1.8 million in debt, giving the committee a net cash flow advantage of nearly $19 million over the DNC.
It would be foolhardy to assume the DNC’s dire financial state is permanent, but there is no denying Democrats will enter 2016 with a distinct organizational and financial disadvantage. The year-round, permanent ground game we have built comes with a significant cost. Data licenses and political infrastructure are expensive. Thanks to the unprecedented success under Chairman Priebus we have been able to invest in excess of $100 million into both over the past two and a half years. The DNC – let alone any other committee or candidate – simply cannot afford to do that. Already, we are conducting full-scale general election dry runs in the key battleground states as we continue to expand and refine our operation – something no one else is doing.
Thanks to the generosity of donors large and small all across the country, we’ve been able to build a superior data-driven political organization capable of propelling the Republican nominee to victory, just as it did for GOP candidates up and down the ballot during last year’s historic midterm. While the DNC worries about making payroll and keeping the lights on, we’ll continue moving forward with the most ambitious get-out-the-vote operation the Republican Party has ever built.