Good day all. The election in 2016 was supposed to auger in the reign of Felonia von Pantsuit and begin the end of the Republican Party. To that end, the von Pantsuit campaign looted the Democrat National Committee’s bank accounts. Well, we know how well that worked out for them.
Now the bills are coming in and the Democrats have a problem. Like the socialists they are, they have run out of other people’s money. Here are the details from The Week:
The Democratic National Committee had a rough 2017, plagued by leadership troubles, internal squabbling, and unflattering reports. To top it off, the party ended the year “dead broke,” says The Intercept‘s Ryan Grim.
The Democratic Party is carrying more than $6 million in debt, according to year-end filings — and has just $6.5 million in the bank. Do the math, and the party is working with just over $400,000 overall.
Meanwhile, the Republicans are swimming in pools of money. The Republican National Committee had raised $132 million by the end of 2017 — about twice as much as the DNC — and entered 2018 with almost $40 million to spare, with not a penny of debt.
The DNC’s rebuttal, The Washington Post reports, is that they raised more money in 2017 than they have in previous non-election years and were operating at something of a disadvantage given the “rebuilding job” undertaken by first-year chairman Tom Perez. While the DNC claims it is not borrowing money to pay the bills, Grim notes that the party would be operating at a financial loss if not for its borrowing.
So, basically, the Democrat National Committee is handling their finances in the same way the Democrats handle the Federal finances. With ruthless, utter incompetence. When they’re called on it, they promptly make things up. You know, I think that if this was a corporation and they were run this way, at best they would go out of business. At worst? The managers might just end up in prison for “Financial irregularities.”
Is it any wonder that the Obama Regime doubles the National Debt in 8 years? He learned how to balance the books at the Democrat National Committee’s online course titled: How to spend other people’s money for fun and profit. With all the big Progressive Donors having been burned time and time again, the usual money taps have been turned off. What a shame.
Thatisall
~The Angry Webmaster~
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