CNN Admits Democrat Fundraising is at Record Lows

The Democratic Party is not doing well with money.

The latest campaign finance report from the Democratic National Committee shows fundraising numbers so dismal — they’re record-breaking.

Per a CNN report, the DNC posted its lowest October fundraising report in around 15 years, taking in only $3.9 million last month.

These numbers are in stark contrast to stellar fundraising numbers by the Republican National Committee.

Since Election Day, the RNC has raised over $70 million more than their Democratic counterparts — $129 million compared to the Democrat’s $58 million.

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The disparity in fundraising has further increased the Republican Party’s financial advantage.

After raising $113.2 million during the 2017 calendar year, the RNC now has $42.5 million in the bank and zero debt to pay off, according to CNN.

On the other hand, the DNC has raised only $55 million this year. Democrats have just $5 million cash on hand and still owe $3.2 million in debt following the 2016 elections.

The DNC — still reeling from scandals that have plagued their party — fired their top fundraiser earlier this month.

After only five months on the job, the DNC let go of finance director Emily Mellencamp Smith in a bid to change their situation, as reported by Politico.

“Emily is going back to consulting and helping elect Democrats in upcoming races, including staying on in a consulting role for the DNC at this time,” said Michael Tyler, the DNC press secretary.

The precarious financial situation for the Democratic Party comes as they are still recovering from last year’s primary election scandal that led to the resignation of former DNC chair Debbie Wasserman Shultz, who was accused of giving preferential treatment to Hillary Clinton over Bernie Sanders.

Donna Brazile, who presided as interim DNC chair immediately after Wasserman Schultz resigned, has written in her new memoir that the DNC did in fact have an unfair fundraising relationship with the Clinton campaign, leaving Clinton’s team flush with cash and the DNC barely scraping by.

Brazile issued an excerpt of her book in Politico Magazine, blatantly admitting that the DNC primary was rigged against insurgent candidate Bernie Sanders.

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“The funding arrangement with HFA (Hillary For America) and the victory fund agreement was not illegal, but it sure looked unethical. If the fight had been fair, one campaign would not have control of the party before the voters had decided which one they wanted to lead,” Brazile wrote.

“This was not a criminal act, but as I saw it, it compromised the party’s integrity.”

Brazile further described Clinton’s hold on the Party’s financial operation as a “cancer.”

Tom Perez, who served as Labor Secretary under former President Obama, was elected as the new DNC chair and has attempted to move the Party past the primary scandal and improve fundraising numbers.

This post was last modified on November 27, 2017 4:06 pm