Democrats and their national apparatus, namely the Democratic National Committee (DNC), have been hampered this entire midterm election cycle by a debt incurred during the last election cycle. As RedState has reported on numerous occasions over the past two years, Democrats became severely cash strapped when they elevated Kamala Harris to be their presidential nominee in July of 2024. Her campaign, which famously lasted only 107 days, spent more than $1.5 billion to get an electoral thrashing from Donald Trump.
You could say Democrats were left with a Kamala-sized hangover.
Last October, the DNC was so dead broke that they had to take out a $20 million loan to cover their bills. DNC Chairman Ken Martin, who has turned out to be an extremely poor fundraiser, blamed Trump: “We can’t win elections or fight back against Trump if the D.N.C. downsizes operations like it often does after a presidential cycle. I made a bet that investing early would build power, rack up wins and rally supporters back to the table. That bet is paying off.”
Sure, Jan.
Things have not improved for Democrats since then, with the most recent Federal Election Commission (FEC) filings showing Republicans far outpacing Democrats in national fundraising. In other words, President Trump is a fundraising machine who is keeping his party’s donors happy.
From whom did they borrow the $20,000,000 and what were the terms?