Kamala’s run for President broke the Democratic Party's bank, including the loss of the Presidency. Add to that the communist promotion by the progressives, and money is not even coming in to keep the coffers full.
People are sick and tired of the extremists running the party while the moderates sit in the corner shaking, not wanting to upset anyone. This is exactly the time to stand up and save the party, which a limited number of Democrats waving the flag are doing. But elections are soon, and the communists are winning Democratic primaries throughout the country using funding from the party. An open tent has consequences, and the left doesn’t know how to handle the extremists with socialists and communists joined together at the hip and taking over the party, not joining to be a team.
This is called self-destruction and would be like the GOP allowing right-wing nuts to join and lead the party. The GOP has its own problems, mostly with RINOs, not fanatics willing to tear down our country. All IMO.
“The New York Times has the details from inside the party, saying leaders are panicking and looking for money where they can find it. The Democratic National Committee under Chairman Ken Martin has reportedly asked vendors to not send their bills under after the midterms.
That’s after last fall, when the party took out a $15 million loan, using the money in part to win victories in the New Jersey and Virginia governor’s races, according to the report.
It has since paid $700,000 in interest on that loan, or $75,000 per month, according to the report, but in January, it will need to start paying down the principal at a rate of $1.66 million a month.
The party’s own headquarters in Southeast Washington, D.C., was used as collateral on the loan, according to the news site NOTUS. That has been done to raise money in previous campaigns, a DNC official told NOTUS.
Overall, the DNC is $2 million in debt, according to The New York Times. By comparison, the Republican National Committee has $128.5 million on hand, according to the newspaper.
The situation is so bad that DNC leaders are being sworn to secrecy when it comes to finances, and it sounds like Martin is showing signs of desperation.
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According to The New York Times, insiders said he threw a phone at the desk of an aide earlier this month, leading to a formal complaint being filed with the party’s human resources department.
Martin is also apparently not confident in serving the rest of his term — which technically lasts 2029.
He’s reportedly been making jokes about getting fired from the job, The New York Times reported. (It would take a vote by the DNC’s 450 members to boot him, according to the newspaper.)
Fundraising has not been the helping hand Democrats need. In fact, of the $15 million borrowed, $3 million was spent in New Jersey and Virginia, respectively, in the hopes that victories would kickstart donations, but judging by current finances, that didn’t work out so well.
Even lifelong Democrats must admit this is bad.”