NY Times sounds alarm on Democrat’s big $$ woes

By Oregon Campaign Watch,

The New York Times ran a surprising story on the Democratic Party financial troubles:

NY Times reports, “Just months into the tenure of a new party leader, Ken Martin, the Democratic National Committee’s financial situation has grown so bleak that top officials have discussed whether they might need to borrow money this year to keep paying the bills. Fund-raising from major donors — some of whom Mr. Martin has still not spoken with — has slowed sharply… A protracted and public fight with David Hogg, the 25-year-old activist turned D.N.C. vice chair who blindsided party officials with a plan to challenge incumbent Democrats, made things worse. The clash included the leak of embarrassing audio of Mr. Martin questioning his own role and ended in Mr. Hogg’s unceremonious exit this month. That was soon followed by the news that two of the country’s most influential labor leaders, who represent a combined 3.2 million workers, were also leaving the D.N.C. Both questioned the party’s direction under Mr. Martin.”

The NY Times also showed the Party fundraising difference:

“the party’s total cash reserves shrank by $4 million from January through April, according to the most recent federal records, while the Republican National Committee’s coffers swelled by roughly $29 million. A new report is due this week. The party out of power often falls behind the one holding the White House. Still, the current financial gap is large: $18 million on hand for the D.N.C. entering May, compared with $67.4 million for the R.N.C. Hefty chunks sit in special accounts that cannot be used for operational costs.”

Read the article here.

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