Top Democratic donors aren’t ready to sound the alarm just yet, but they are getting restless.
The Republican National Committee (RNC) has a huge fundraising advantage over the Democratic National Committee (DNC) half way through 2017, and some top Democratic donors and operatives expressed their concern to The Hill about this massive fundraising gap that exists.
As of June 30, the RNC had outraised the DNC by $37.2 million and had almost $45 million in the bank compared to the DNC’s $7.5 million. The DNC also has $3 million in unpaid debt left over from the 2016 cycle.
The Hill reported on the growing frustrations among Democratic donors on Thursday:
“Many Democrats are frustrated by the sluggish fundraising pace, which comes even as President Trump’s sagging approval rating drives Democratic outrage across the country.”
“They’re also concerned about the implications of being financially outgunned ahead of a pivotal midterm election, where Democrats will attempt to take the House while defending a number of Senate seats.”
One long-time Democratic donor told The Hill about the fundraising deficit, “We really should be kicking their asses. It shouldn’t even be close, considering all hell is breaking loose on their side.”
Democratic strategist Christy Setzer told The Hill about the fundraising crisis, “It’s deeply problematic, and it’s because our party leadership has to be dragged kicking and screaming by the base to lead an opposition.”
Adding to the DNC’s fundraising woes is that “many progressive supporters of Sen. Bernie Sanders’s (I-VT) presidential bid are still smarting from the revelation that top DNC figures were biased against Sanders throughout the primary.”
Sanders who was able to raise an unprecedented amount of money from hundreds of thousands of small-dollar donors in 2016, has still not handed over his email list to the struggling DNC.
While the DNC’s fundraising is in disarray, the RNC’s fundraising effort is booming, raising $75.4 million in the first six months of 2017.
Despite President Trump’s poor approval rating, he was able to raise $10 million for his re-election at a fundraiser in June that took place at the Trump International Hotel in Washington, D.C.
But, The Hill reported that despite this massive fundraising deficit, “Democratic fundraisers and donors agree that they aren’t ready to sound the alarm just yet.”
The question is how much longer will these Democratic fundraisers and donors wait before sounding the alarm bell if these poor fundraising numbers continue?
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