Trump Just Unleashed Tens of Millions on Tight Races While Democrats Took Out A Loan

The DNC’s response to all of this has been to borrow money and ask vendors to hold their invoices. Compare that to the Republican position. MAGA Inc. with $400 million. RNC with $128 million. NRCC with $92.7 million. NRSC with $55.9 million. Total Republican committee and allied infrastructure: $677 million. Total Democratic infrastructure: roughly $136 million. Five-to-one financial advantage for Republicans heading into the most consequential midterm in a generation.

Democrats have been counting on the blue wave carrying them. The generic ballot. The historical pattern of midterm losses for the president’s party. Anti-Trump energy. All of it was supposed to compensate for the money gap.

The generic ballot has moved from D+7.4 to D+5.3 in six weeks. The registration bloodletting has produced a 4.5 million voter shift since 2020. DSA nominees are bleeding establishment donors, Jewish voters, and blue-collar Democrats to Republican candidates. And now Trump is opening the financial floodgates on top of all of it.

Democrats ran a presidential campaign that spent $1.4 billion and lost every swing state. Now they’re going into the midterms with a mortgaged building and a borrowed $15 million. The money is not the whole story. But it’s a big part of how political stories – and elections – end.