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Ouch: Democrats 6 Million Dollars In Debt – Winning America Now | WinningAmericaNow.com
It’s no secret the Democrat National Committee has been struggling since the 2016 presidential election, when former Chairwoman Debbie Wasserman-Schultz rigged the primary in favor of two-time loser Hillary Clinton, to raise money ahead of the 2018 midterms.
But the red ink for current DNC Chair Tom Perez keeps getting deeper. The DNC is $6 million in debt and according to FEC records, just took out another $2 million loan to keep daily office activities operational.
Meanwhile, the RNC is still smashing fundraising records...
The DNC Just Took Out A HUGE Loan, Leaving It $6 Million In Debt
The Democratic National Committee reported Wednesday that they took out a massive $1.7 million loan in February, bringing their total debt to a staggering $6 million, The Daily Caller reports.
According to paperwork filed with the Federal Election Commission, the DNC requested — and was given — an extended line of credit from a New York financial institution, bringing their total cash on hand to approximately $10 million.
The DNC has had a difficult time raising money since losing the presidential election in 2016. Even as progressive groups — including "Resistance" groups — have found themselves flush with cash, as donors enraged by president Donald Trump have opened their wallets, the DNC managed to raise a mere $6 million in February, half of what the Republican Party raised.
The DNC reportedly told The Washington Post that the reason his group has lagged so far behind the GOP is because Republicans have "got a lot more rich donors than we do.” That claim isn't accurate, but regardless, the DNC's problems don't stem from Republican successes. They stem from disenchanted donors who have turned their backs on the Democratic Party's core organization after what most consider an abysmal, preventable loss...
I guess times must be tough without rapist, Harvey Weinstein, there to raise money for your party. The midterms will be fun.
It’s no secret the Democrat National Committee has been struggling since the 2016 presidential election, when former Chairwoman Debbie Wasserman-Schultz rigged the primary in favor of two-time loser Hillary Clinton, to raise money ahead of the 2018 midterms.
But the red ink for current DNC Chair Tom Perez keeps getting deeper. The DNC is $6 million in debt and according to FEC records, just took out another $2 million loan to keep daily office activities operational.
Meanwhile, the RNC is still smashing fundraising records...
The DNC Just Took Out A HUGE Loan, Leaving It $6 Million In Debt
The Democratic National Committee reported Wednesday that they took out a massive $1.7 million loan in February, bringing their total debt to a staggering $6 million, The Daily Caller reports.
According to paperwork filed with the Federal Election Commission, the DNC requested — and was given — an extended line of credit from a New York financial institution, bringing their total cash on hand to approximately $10 million.
The DNC has had a difficult time raising money since losing the presidential election in 2016. Even as progressive groups — including "Resistance" groups — have found themselves flush with cash, as donors enraged by president Donald Trump have opened their wallets, the DNC managed to raise a mere $6 million in February, half of what the Republican Party raised.
The DNC reportedly told The Washington Post that the reason his group has lagged so far behind the GOP is because Republicans have "got a lot more rich donors than we do.” That claim isn't accurate, but regardless, the DNC's problems don't stem from Republican successes. They stem from disenchanted donors who have turned their backs on the Democratic Party's core organization after what most consider an abysmal, preventable loss...
I guess times must be tough without rapist, Harvey Weinstein, there to raise money for your party. The midterms will be fun.
