Report: Leaderless Democrat Party Is ‘Dead Broke’

The big narrative for the Democrat’s post-Obama era is that they’d continue the legacy of ‘hope and change’ and lead the resistance against Donald Trump to take back Congress.

But from all appearances, that effort has begun to fizzle in a major way.

Not only is the party essentially leaderless, it ended the year with next to nothing left in the bank.

All this while Trump’s numbers continue to improve along with the economy.

But perhaps the worst statistic to plague the Democrats is their generic ballot advantage ahead of the November midterm elections.

That advantage has shrunk from comfortable double-digits to a mere 6%, which is a veritable tie when one factors in the latent advantage Dems already have in midterms.

Now they’re squirming.

Here’s more from The Week…

The Democratic National Committee had a rough 2017, plagued by leadership troubles, internal squabbling, and unflattering reports. To top it off, the party ended the year “dead broke,” says The Intercept‘s Ryan Grim.

The Democratic Party is carrying more than $6 million in debt, according to year-end filings — and has just $6.5 million in the bank. Do the math, and the party is working with just over $400,000 overall. Meanwhile, the Republicans are swimming in pools of money. The Republican National Committee had raised $132 million by the end of 2017 — about twice as much as the DNC — and entered 2018 with almost $40 million to spare, with not a penny of debt.

The DNC’s rebuttal, The Washington Post reports, is that they raised more money in 2017 than they have in previous non-election years and were operating at something of a disadvantage given the “rebuilding job” undertaken by first-year chairman Tom Perez. While the DNC claims it is not borrowing money to pay the bills, Grim notes that the party would be operating at a financial loss if not for its borrowing.

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