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  1. #1 A Scrambling Democrat National Committee Has Taken Out A Second Line Of Credit 
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    Elections are expensive....

    A Scrambling Democrat National Committee Has Taken Out A Second Line Of Credit
    https://www.redstate.com/bradslager/2019/06/12/653427/

    ...For the second time in about two months, the DNC is securing a substantial loan in order to prepare for the election cycle and have a ground game properly established. In early April the national party secured a $5 million dollar line of credit, and already it has reported to the federal election commission that it has now doubled that amount, with a secondary loan.

    And no, this is not exactly standard accounting. The DNC has been woefully behind the Republicans in fundraising this year. Through the month of April, the DNC has pulled in less than $20 million; the RNC meanwhile more than doubled that intake, with over $45 million. Things look even worse on the bottom line. The DNC is sitting on only $7.6 million in cash, and is sporting a debt total of $6.2 million. Their Republican counterparts are flush, with $34.7 million in hand and holding no debt at all.

    That debt facing the DNC is not just outstanding bills. About $5 million concerns revolving credit lines, with most of it involving an outstanding loan, and over $400,000 owed to American Express.

    Things are looking like they are further leveraged with upcoming election events. The city of Milwaukee was tabbed to host the 2020 Democratic National Convention, but in order for them to be considered city authorities had to first secure their own line of credit. This was not to pay for staging the event, it was more financial insurance policy...
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  2. #2  
    Festivus Moderator ralph wiggum's Avatar
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    Money doesn't necessarily win elections.
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  3. #3  
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    Quote Originally Posted by ralph wiggum View Post
    Money doesn't necessarily win elections.
    Money is definitely correlated with winning. Lots of studies on that. But this is not just a case of uneven fundraising: the DNC is in serious debt.

    The amount of debt the DNC is carrying is not new. That debt is how they ended up with Hillary in 2016. She brought her own funding stream (her "foundation") and used the DNC apparatus for her own purposes. That kind of debt is never good.
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    Power CUer SVPete's Avatar
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    The Dems need to kiss Soros' ring and find out what he wants.
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  5. #5  
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    Quote Originally Posted by SVPete View Post
    The Dems need to kiss Soros' ring and find out what he wants.
    You know that's already in process. Look at the platforms.
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  6. #6  
    Ancient Fire Breather Retread's Avatar
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    He wants the country in the gutter and it’s getting there quickly. Right along side the feces, spent needles, dirty pampers and the rest.
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