A new report is revealing how much trouble the DNC is in terms of money.
The report revealed some of what the DNC is hearing from its donors, and it's not good.
At one point earlier this year, the DNC reached out to big donors to host a San Francisco-area fundraiser headlined by former Vice President Kamala Harris. Most of the donors rejected the request, according to several people familiar with the conversations.
Upon receiving the invitation, one replied with a profanity-laced rejection. Others said they didn’t want to give to the party until it produced substantive plans to win elections. Those who declined told the national party they had commitments and couldn’t make it work.
They ultimately found someone to host, but got less than they expected.
That's brutal. And it tells you what they think about Kamala Harris, at least at this point. She's dropping hints she may run, but I don't think she will find an encouraging reception.
That may explain why Democrats have so much less in the bank than Republicans.
The RNC had receipts of $10.7 million in the most recent month and $86 million in cash reserves as it started October, compared with $10.3 million and about $12 million for the DNC, respectively.
There's also a concern about the radicals, and if the DNC is focused in the right direction.
Rachel Pritzker, a donor and fundraiser who chairs a group trying to push Democrats closer to the center, said many party donors are concerned that the progressivism pushed by such figures as Rep. Alexandria Ocasio-Cortez (D., N.Y.) and Assemblyman Zohran Mamdani, the self-described democratic socialist favored in New York City’s Nov. 4 mayoral election, will hurt Democrats.
“They’re worried that the way the party looks and sounds can’t really compete and win elections,” said Pritzker, an heir to the Hyatt hotel fortune and a relative of the Democratic billionaire governor of Illinois, JB Pritzker. “They’re worried that it needs to reorient toward the cultural mainstream and it needs to basically rebrand.”
And why should they give more money after how it was blown on Kamala Harris? They feel as though there hasn't been enough investigation as to how it was spent.
A top official at a national Democratic group said some donors remain angry about how their money was spent in last year’s presidential election by outside groups, including on what they see as excessive salaries for Washington, D.C., consultants. The official said the party has failed to complete a public postelection investigation into what went wrong in 2024.
Pritzker, chair of the group Third Way, said, “It is shocking how little reassessment the party and its leadership has done.”
This report sounds like it tailors to what I reported on Friday about Senate Minority Leader Chuck Schumer's problem with donations.
The continuing schism and the failure to address their issues are hurting the Democrats in their pocket. With bad approval, bad policies, and less money, they need to change. But they're just not getting it.
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