The Hill | Tired Dem donors feel like their money got burned

via The Hill:


money-burning-200x200Tired Dem donors feel like their money got burned

December 1, 2016

Democratic donors stung by Hillary Clinton’s upset loss in the presidential race feel like they just set their money on fire.

The sore feelings are a huge problem for the Democratic National Committee (DNC), which is trying to rebuild its image and reinvigorate a defeated party in time for challenging midterm elections in 2018.

It’s also a worry for top liberal activists as they prepare for war with President-elect Donald Trump and a GOP Congress that is hell-bent on rolling back President Obama’s accomplishments.

Many Democratic donors still feel burned by the party’s 2016 election losses and what they see as dysfunction in the DNC, which will elect a new leader in February.


Democratic investors went in on Clinton to the tune of more than $550 million, believing she would dispatch Trump, deliver Democrats the Senate and help the party make inroads into the GOP’s House majority.

Many liberal donors also viewed the election as an opportunity to cement Obama’s legacy.

Instead, Democrats find themselves in the throes of a full-scale and expensive rebuilding project punctuated by a rudderless DNC that won’t elect a new leader until more than a month after Trump is sworn into office.

Investor Marc Nathanson, who spent big in 2016, says he has no interest in participating in the party’s rebuilding efforts.


“The feeling I get from big donors out here in California is that they’re not only extremely disappointed, but they’re shell-shocked,” he said. “So to turn around and say, now it’s time to rebuild the national party and the DNC, I just don’t see it.” (Read More)


Read the full article at The Hill



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