Lack of cash could cost Democrats 2020 election: Report
Democrats could lose to US President Donald Trump in 2020 because of a lack of money and waste of resources, and the party’s inability to raise new funds, a report predicts.
In a Sunday report from the Democratic National Committee’s (DNC) meeting in Las Vegas, Politico revealed that many in the party are concerned and worried about the lack of financial resources, especially when compared with Republicans.
"It's a very legitimate concern," said one DNC member who has spent years raising money for the committee.
The party’s financial situation is reportedly so bleak that it is asking its members to donate or raise $1,000 each to compensate for a million-dollar shortfall in its State Party Innovation Fund, the report suggests.
There are also concerns from within the party that Hillary Clinton’s defeat in last year's election has caused an internal strife that has not yet been assuaged by newly elected DNC Chairman Tom Perez.
The continuing conflict in the party has had negative outcomes on finances, according to party insiders.
Compared with the rival RNC, the DNC's funding problems are stark. Party officials involved in fundraising say donors repeatedly turn them away with a "try again next year," especially since it became clear there will not be an official party autopsy from 2016.
Democrat Jon Ossoff's loss in his much-hyped special congressional election in Atlanta's suburbs in June has also depressed donor enthusiasm.
"I've made it pretty clear I don't want to donate to the DNC, DCCC, or the Senate counterpart, so they have not called me," said Northern California attorney Guy Saperstein, a part-owner of the Oakland Athletics and a prominent funder of progressive causes and candidates.
Even donors who are more willing to play ball have a stern message: The party needs a clearer plan to win before they fork over more money.
"You can't just go to [donors] and say ... 'Support me, I'm the DNC.' You have to rebuild the credibility," said a longtime Democratic donor and DNC member.
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