DNC Money Woes: Is It Time for Tom Perez to Go? | NTK Network DNC Money Woes: Is It Time for Tom Perez to Go?

DNC Money Woes: Is It Time for Tom Perez to Go?

The Democratic National Committee posted its lowest November fundraising numbers in 10 years.

By NTK Staff | 12.21.2017 @12:00pm
DNC Money Woes: Is It Time for Tom Perez to Go?

The Democratic National Committee (DNC) raised just $5.7 million in November, the lowest amount raised by the DNC in a November in 10 years. Meanwhile, the Republican National Committee (RNC) raised a record-breaking $8.2 million that same month.

Longtime Democratic donors and Party insiders have been expressing their displeasure with DNC Chair Tom Perez for months, and after another historically bad fundraising month, is it finally time for Perez to go?

During an interview with MSNBC in June after the DNC posted its worst fundraising month since 2003, Perez said that he just needed more time to right the ship.

However, now 11 months into 2017, Perez’s DNC has consistently posted abysmally low fundraising numbers month after month.

In October, the DNC it’s posted its worst October fundraising numbers in 15 years. September and August weren’t any better for Perez’s DNC.

Compounding the DNC’s fundraising struggles is the fact that the RNC has been fundraising at a historic pace, having raised over $120 million in 2017 with nearly $40 million cash on hand with zero debt.

The DNC, by comparison, has raised just $60 million in 2017 with just over $6 million cash on hand and more than $2 million of debt.

These numbers are well below the lofty goal Perez set when he took over the DNC. He publicly pledged to double the organization’s budget from $50 million to $100 million in 2017.

“We really should be kicking their asses,” one longtime Democratic donor told The Hill in August. “It shouldn’t even be close, considering all hell is breaking loose on their side.”

In October, The Hill “interviewed more than a dozen lawmakers, fundraisers, strategists and DNC members for this story who raised doubts about the chairman, and asked whether the former Labor secretary, prosecutor and special counselor has the political savvy for his position.”

A top Democratic bundler told The Hill:

“A lot of us feel like there’s nothing exciting, nothing invigorating coming from that building and particularly from Tom Perez,” said one top Democratic bundler, who complained that the DNC chairman didn’t even coordinate the first meeting for fundraisers until several weeks ago.

“I’ve never heard from him. Not once,” the bundler said. “If you want to show strength, you personally reach out to all the big fundraisers.”

Democratic insiders are also critical of Perez for returning to his alma mater, Brown University, to teach as a senior fellow.

“Being DNC chair is a full-time job,” one Democratic strategist told The Hill. “There isn’t time for side gigs.”

As the Perez’s DNC finds itself heading into the pivotal 2018 midterm elections strapped for cash and more divided than ever after a year, will the Democratic Party step up and make a change at the top that it clearly needs to make?

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