The Democrat Party has a serious cash flow problem.
Last week, it was revealed that the party may have to borrow money just to keep the lights on. Leadership is plagued by infighting and chaos. David Hogg’s brief tenure as vice chair of the DNC caused weeks of distraction when they should have been fundraising and trying to register voters.
Now it is being reported that some of their biggest donors are withholding cash from the party because they feel it’s weak and ineffectual.
From the New York Post:
Billionaire Dem donors Bloomberg, Diller distance from ‘ineffectual’ DNC — say they won’t fork over more cash for now
Billionaire Dem donors including Barry Diller and Michael Bloomberg are refusing to fork over more cash for now to the party’s main fundraising committee because there’s now a “broad consensus” it’s “ineffectual,’’ sources said.
The Democratic National Committee has been plagued by infighting and defections as the party remains virtually leaderless since President Trump’s victory over Vice President Kamala Harris in the 2024 election — prompting some once-reliable and deep-pocketed donors to yank funding for the time being.
“For a variety of reasons, I have no intention of donating to the DNC,” media mogul Diller told The Post last week.
Diller, chairman of such holdings as the Internet and media behemoth IAC, seethed in his just-released memoir “Who Knew” that former President Joe Biden and his administration used a bait-and-switch tactic when it came to his promise of restoring the “soul of the nation.”
Mark Halperin, Sean Spicer, and Dan Turrentine recently discussed the problems with the current leadership at the DNC. Watch:
The new chair of the Democratic National Committee, Ken Martin, is being called “weak,” “whiny” and “invisible,” according to Politico, and a New York Times piece says the DNC is “in chaos and desperate for cash.” The Times piece, says @SeanSpicer, “was brutal. The number of… pic.twitter.com/OSUvXvBlvI
— 2WAY (@2waytvapp) June 20, 2025
It’s very easy to understand why donors aren’t giving money to the DNC. They blew through more than two-billion dollars last fall and rather than winning, various people just gobbled up the cash to enrich themselves.
Read the full article here