- Feb 26, 2012
- Reaction score
- Chicago Illinois
- Political Leaning
Barely more than a year before the 2014 midterm elections, the Democratic National Committee is struggling to pay off debt and rebuild its war chest while competing for donations with Organizing for America, the Web-based political group created from the remnants of President Obama’s re-election organization.
Since the 2012 presidential campaign, which cost almost $7 billion and was the most expensive in history, the DNC has been struggling with a debt load that stands at more than $18 million.
The Republican National Committee, meanwhile, has no debt and about $13 million cash on hand. On virtually every major benchmark — cash on hand, debt and money raised to date — the RNC is outperforming the DNC.
Many of the organization’s most prominent donors — those who cut checks for six figures or more — neglected to donate to the DNC this fundraising cycle.
In fact, 15 of the top 24 donors to Organizing for America have not donated to the DNC since March or earlier, according to records from the Center for Responsive Politics.
Former Federal Election Commission Chairman Michael Toner disagrees. “DNC fundraising has been hurt by the OFA, there’s no question about it,” he said.
Mr. Toner said that if the trend persists and donors continue to abandon the DNC in order to bankroll Organizing for America, it could increase the group’s debt. Mr. Toner said the DNC’s best chance for recovery is help from Mr. Obama himself.
The DNC’s financial woes also could cut into the budgets of other Democratic fundraising organizations such as the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee.
“The DNC’s financial difficulties will place even greater fundraising pressure on the DCCC and DSCC between now and the midterm election. Given the DNC’s fundraising struggles, it is unlikely that the DNC will be able to transfer significant funds to the DCCC and DSCC during this election cycle.”
Read more: Fund-raising Blues: DNC remains in debt as it competes with Obama group for donors - Washington Times
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That's Right.....here is some more Divide between the Democrats and Obama. Which is becoming a real sticking point. Obama has only done 15 fundraisers for the DNC.
Now I don't mind Wasserman Schultz keeping the DNC in Debt. But one would think those Democrats would keep an eye on lil Debbie and who's side she really is on.
This was kind of brushed over with and by the MS Media. As we can't let all keeps seeing the Dems fall apart. At least not at the same time as the Repubs. Might then seem like the country was really falling apart. :roll:
In the mean time the GOP is continuing to increase that money. Notice that Tea party people. Especially when talking about trying to call Repubs traitors and talking about stepping up to primary challenge Republicans.
Now how does that look when the Democrats can't even pay their own bills? Do you think they have any Business talking about the economy or budgeting and can be actually taken as serious. Give me a break.