The South Dakota Democrat’s latest FEC filing (for 2/16) is in. And it continues to show a deteriorating financial condition for the opposition party. But don’t take my word for it. You can read:
While South Dakota Democrats started the month with $14,736.77 in their bank account, they ended it with $7762.86, after taking in $16,231.69 in receipts. The problem is that they spent over $23k in the process.
And it gets worse. Of the $16,231.69 in receipts, Just shy of $10,000 of it came from the Democrat National Committee. Yes, the national Democrat party continues to have the State Democrat party on life support, having sent them $9526.00 to keep the lights on, and a whole lot of people hired.
I’d say they were bleeding out, but that would downplay it. They’re bleeding so badly, the closest comparison would be an Ebola triggered hemorrhagic fever.
They can’t continue to take in $16k, and spend $23, especially when the national Dems pay $10k of it – an amount they could shut off at any time. The rumor has been they’ve been getting ready to cut the cord for years, but it hasn’t happened yet.
Yet, being the operative word.
For candidates thinking about running under the Democrat party’s banner, this should be a cautionary anecdote.
So, when they say they’ll help you raise money for your campaign, consider how well they do for themselves.