As Glenn Reynolds keeps reminding us, don't get cocky!
It's hard not to, though. The good news for Republicans keeps rolling in, and the Democrats are having a very bad time of it since Biden's debate last June, or even before that.
In 2024, the Democrats raised about a billion dollars more than Republicans did, most of which went into Kamala Harris' losing campaign. Her campaign was swimming in so much cash that Scrooge McDuck was reportedly taking up residence at her campaign headquarters.
What a difference a year makes. In 2025, Democrats are struggling to pay their bills, at least partly because donors are tapped out and disgusted by what the Democrats did with their money.
The Democratic National Committee continues to struggle with its fundraising, the RNC outraising it $16.2M to $8.6M in June and $96.4M to $69.2M for the year.
— Rob Pyers (@rpyers) July 21, 2025
The RNC's cash on hand advantage widened to $65.56M last month ($80.78M to $15.22M). pic.twitter.com/boOdmeWFxn
While Republicans are raking in the money, Democrats are struggling to stay in the game.
No doubt a lot of this disparity reflects discontent in the ranks of the Democratic Party faithful--Democrats are currently at historic lows in approval, both with the public as a whole and even among Democrats.
But part of this may also have to do with Trump's defunding of the NGO complex, which was sucking down so much USAID money that some of it sloshed over and found its way into the pockets of Democrats.
It’s amazing how much of Democrat fundraising was likely from programs like USAID and NGOs on government funding https://t.co/TIf52MfUuY
— Napoleon Bonaparte Appreciator (@NapoleonBonabot) July 21, 2025
Back when I was more directly involved in politics, lo those many years ago, I argued to my Republican friends that they should defund nonprofits. They demurred, not understanding that NGOs are where Democrats stash their campaign workers in the off years, and grants are often secretly funding Democrat campaigns.
All you need to do is slap a nice-sounding name on a nonprofit, and you are suddenly Stacey Abrams with $2 billion.
It's hard to know how much of the fundraising slump is due to discontent and how much is attributable to the reduced flow of government revenue finding its way into Democratic pockets, but combined, the impact is huge.
Still, don't get cocky. Majorities are won and lost in more local races, not nationally. In a few key races, individual Congressmen and Senators will determine who holds power in Congress in 2027, allowing donors to contribute their dollars more strategically, bypassing the national party altogether and still having an outsized impact on the national scene.
So far, Republicans are doing well in key races as well, but vulnerable Democrats aren't doing nearly as badly as the national party.
More than that, there are diminishing returns from spending money, as the Kamala Harris campaign vividly demonstrated.
Candidates need enough money to get their message out, but once they break through with their message and build infrastructure, additional dollars yield diminishing results.
Wave elections wipe away the importance of money altogether. Back in 2006, for instance, Republicans were getting doors slammed in their faces when they went out doorknocking in Minnesota. All voters needed to know was that they were Republicans.
Still, all indications are that Democrats are reviled for the moment, and the same can be said about their inability to get the message. They are still the pro-illegal, pro-mutilation party, and voters are done with them.
Their only hope is for Trump to crash and burn.
Editor’s Note: The Democrat Party has never been less popular as voters reject its globalist agenda.
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