The Democratic Party isn’t just licking its wounds after Trump’s victory—it’s bleeding cash while donors slam the door shut on their wallets. After being fooled into thinking that Kamala Harris could win the election only to watch her burn through a staggering $1.5 billion and still lose every single swing state, Democratic donors are in full revolt. And who can blame them?
“This is an epic disaster, this is a $1 billion disaster,” admitted Lindy Li, a former DNC National Finance Committee member and party insider. That might be the understatement of the year.
Democratic Party officials are now facing a harsh reality: the Harris-Walz campaign likely ended with tens of millions in debt that could become the DNC’s problem. Reports suggest the campaign expected to continue fundraising after Election Day during what they thought would be a drawn-out vote count—a fantasy that quickly evaporated when Trump’s victory became clear.
One Harris aide summed it up perfectly: “How do you raise a historic amount of money and not win a single swing state? The honest answer is: I don’t know.”
I know! I know!
We all know exactly what happened. The campaign blew millions on celebrity endorsements, including two $500,000 payments to Oprah Winfrey’s production company. They paid Beyoncé $10 million to give a two-minute speech no one wanted to hear. They even wasted six figures on Harris’s appearance on the “Call Her Daddy” podcast to recreate the podcast’s set.
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Meanwhile, the DNC has gotta be sweating bullets over potentially being saddled with up to $20 million in campaign debt while party donors aren’t giving, and their new vice chair David Hogg is using his new position to fund his PAC not fundraise for the DNC. Make no mistake about it, this is a huge problem for the party. This financial albatross could hamper their rebuilding efforts for years, just as Obama’s campaign debt made it difficult for the committee heading into 2016… and we know how that year turned out for the Democrats.
The donor class isn’t holding back their disgust. One major Democratic donor bluntly stated: “The Democratic Party is f—ng terrible. Plain and simple. In fact, it doesn’t get much worse.”
Well, they could always try.
Left-wing organizations are already feeling the financial pinch, with staff reductions hitting groups across the progressive landscape. The DNC itself laid off hundreds of employees after the election due to financial constraints made worse by the Harris campaign’s spending spree.
Here at PJ Media, we’ve enjoyed seeing the Democrats in such a pickle, but one thing is crystal clear: the Democrats are in much bigger trouble than even we realized. With approval ratings plummeting a dismal 31% and donors refusing to open their checkbooks without major changes, the left’s financial foundation is crumbling beneath them. For a party that loves to spend other people’s money, they’re about to learn a painful lesson in fiscal reality.
