The Republican National Committee has been dominating the Democratic National Committee in donations.
The RNC broke a fundraising record and raised more than $100 million during the first nine months of 2017, fueled by small-dollar donors, outraising the DNC by a ratio of greater than 2:1. The DNC also had over $3 million in debt on the books, while the RNC had zero.
And that’s even more significant than you’d think, given how much bang for their buck Republicans have been getting. Remember, Trump defeated Hillary Clinton while spending less than half as much. In ninety-one percent of all congressional races, the better-financed candidate does better (usually because they’re more popular from the outset, hence attracting more donations), and with the presidency, it’s always the big spender that wins. Unless you’re Hillary Clinton.
And now, Democrats have lost a major donor, billionaire hedge fund manager Tom Steyer. According to the Washington Examiner,
Democratic mega-donor Tom Steyer will halt donations to the national Democratic Party committees after members of the caucus voted to re-open the federal government despite failing to secure an immigration deal for Dreamers.
“I don’t have a litmus test on any one thing, but I do have a litmus test for elected officials standing on principle and doing the right thing, looked at holistically,” Steyer told Fortune in an article published online Thursday. “And I want to say that after the DACA vote, I have decided not to give anything to the national party committees.”
Steyer has donated major gifts to the Democratic National Committee, the Democratic Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee in the past.
As Democrats go into the 2018 elections with the electoral winds supposedly at their backs, this could be a major sign the Party is in trouble. If Democrats can’t keep big-dollar donors happy, how can they expect to keep voters content?
Share this news with others now. Democrats are in big trouble for 2018!
