Dems Going for Broke
Recently John Hinderaker over at Powerline excerpted some of the more over the top solicitations he has received from various Democrat groups trying to capitalize on the shutdown crisis. Now comes this story from that the desperation may be justified, at least on behalf of the Democrat National Committee. It seems the DNC is mired in a serious debt crisis. Tory Newmyer of CNN Money reports:
It is a highly unusual state of affairs for a national party -- especially one that can deploy the President as its fundraiser-in-chief -- and it speaks to the quiet but serious organizational problems the party has yet to address since the last election, obscured in part by the much messier spectacle of GOP infighting.
The Democrats' numbers speak for themselves: Through August, 10 months after helping President Obama secure a second term, the DNC owed its various creditors a total of $18.1 million, compared to the $12.5 million cash cushion the Republican National Committee is holding.
Is the following really a surprise from the party that has tried to run the federal government without a budget since fiscal year 2010?
And senior strategists close to the DNC say they worry the organization appears to have no road map back to solvency. "They really thought they could get this money raised by the summer," one said, "but the fact is, from talking to people over there, they have no real plan for how to solve this."