FEC Report Shows DNC Is Nearly Insolvent

Aw poor babies. Maybe The Clinton Creature will bail them out again. And Obama could kick in a few bucks. They pretty much put the stake in the ‘heart’ of the Dimocritic Party.

FEC Report Shows DNC Is Nearly Insolvent

The Democratic National Committee is nearly insolvent, according to the most recent FEC report.

As of August 31, the DNC had $7.89 million cash on hand, which is only slightly higher than its debt of $7.01 million.

If one adjusts for this debt, the DNC has a paltry $973,000 cash on hand, putting the Republican National Committee in a far greater position financially, with $41.75 million cash on hand, or 43 times as much money as its political counterpart.

On Thursday, Townhall reported that the RNC again broke fundraising records by bringing in $16.4 million in August, and more than $252 million this cycle.

"RNC Chairwoman Ronna McDaniel is well aware of the odds that face the party that holds the White House, so in January of 2017, she challenged her team and her party to put themselves in a position to defy them," an RNC official told Townhall. "As of today, they have met their $250B investment goal, put in place the largest data and field program in the party’s history and are ready to #DefyHistory on November 6th."

https://townhall.com/tipsheet/leahbarkoukis/2018/09/21/dnc-fec-report-n2...

No sympathy from me. None whatsoever. They told a huge chunk of the party to go away and yet they still expect them to feed the kitty and vote for them. That isn’t a good idea. And their RUSSIA! routine has fallen flat as well.

Maybe they should hit the street corners with a tin cup.

EDIT links to FEC reports:

http://docquery.fec.gov/cgi-bin/forms/C00010603/1202494/

http://docquery.fec.gov/cgi-bin/forms/C00003418/1263293/

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Could it have something to do with the DNC rigging the primaries?

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Amanda Matthews's picture

@gjohnsit
Down ticket candidates to The Clinton Creature.

DNC sought to hide details of Clinton funding deal

Leaked emails show officials tried to obscure fact that Clinton allowed states to keep only a tiny fraction of proceeds from joint fundraising

https://www.politico.com/story/2016/07/dnc-leak-clinton-team-deflected-s...

People don’t take well to being ripped off.

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I'm tired of this back-slapping "Isn't humanity neat?" bullshit. We're a virus with shoes, okay? That's all we are. - Bill Hicks

Politics is the entertainment branch of industry. - Frank Zappa

@Amanda Matthews

justified raising what he himself described as "obscene" amounts of money for Hillary because down ticket.

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TheOtherMaven's picture

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There is no justice. There can be no peace.

Or, it could be that donors are being encouraged to donate to other entities and/or persons--the DCCC, the DSCC, state parties, individual candidates, etc.

The only thing about the DNC about which I am relatively sure is that we may never know anything about the DNC for sure.

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dystopian's picture

They already established they are morally bankrupt. And that they have no principle. So we lost interest. Over a billion for Hill to incompetently lose, and leave the DNC in debt. So concerned about the blue wave aren't they? Hill didn't even pay her interns like Bernie did. With Obama having to appoint Hillary's Debbie Downer Shlitz run the DNC what did people expect? But vacuously empty results. The party has worked overtime moving right. They left us, and yes, are still saying "what other choice do you have?" Where's yer money? The HVF was election money laundering cut and dry. At the expense of the down ticket. Bastards.

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both - Albert Einstein