{"id":2451310,"date":"2025-06-24T12:50:02","date_gmt":"2025-06-24T16:50:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ineffectual-dnc-gets-hit-with-painful-news-from-two-prominent-billionaires-report\/"},"modified":"2025-06-24T12:51:30","modified_gmt":"2025-06-24T16:51:30","slug":"ineffectual-dnc-gets-hit-with-painful-news-from-two-prominent-billionaires-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ineffectual-dnc-gets-hit-with-painful-news-from-two-prominent-billionaires-report\/","title":{"rendered":"&#8216;Ineffectual&#8217; DNC Gets Hit with Painful News from Two Prominent Billionaires: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fineffectual-dnc-gets-hit-with-painful-news-from-two-prominent-billionaires-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2451310&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >critically important financial challenges faced<\/a> by the Democratic National Committee (DNC) as it struggles to attract financial support from major donors. Unlike the Republican Party, which has successfully increased its funds to $72 million, the DNC&#8217;s financial situation has worsened, with its funds dwindling to around $15 million.Prominent donors, including billionaires like Barry Diller and Michael Bloomberg, have expressed dissatisfaction with the inefficacy of the DNC and are hesitant to continue their contributions. This discontent stems from a perception that the DNC is poorly organized and has been unable to effectively manage its resources. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/adriana-smiths-baby-living-upsets-dems-more-than-her-death\/\" title=\"Adriana Smith&#039;s Baby Living Upsets Dems More Than Her Death\">article highlights broader issues<\/a> within the Democratic Party, including its leadership and internal divisions, which may be contributing to its fundraising difficulties and overall ineffectiveness in the political arena.Manny see the Democratic Party as lacking direction, prompting concern among major financial backers about the viability of their investments.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><script>console.log(\"ad slot (REP_2)\")<\/script><\/p>\n<p>If money is, in fact, the root of all evil, what does that say about politics?<\/p>\n<p>Obviously nothing great, given that <a href=\"https:\/\/www.westernjournal.com\/8-8-million-zuckerberg-money-went-5-democrat-mayors-defeat-trump-help-elect-biden\/\" target=\"_blank\" rel=\"noopener\">money is often more important<\/a> than the candidate itself when it comes to modern politics.<\/p>\n<p>But money <em>is<\/em> a necessary evil of politics, for better and mostly for worse, and it&rsquo;s always better to have some than none.<\/p>\n<p>The Republican Party, under <a href=\"https:\/\/www.westernjournal.com\/trump-fires-warning-shot-gop-establishment-no-money-rinos\/\" target=\"_blank\" rel=\"noopener\">the leadership<\/a> of President Donald Trump, has largely stayed on top of this matter.<\/p>\n<p>(Little surprise given the president&rsquo;s business background.)<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>The rudderless, leaderless, and apparently &ldquo;ineffectual&rdquo; Democratic Party, is not enjoying that same peace of mind.<\/p>\n<p>A blistering report from the <a href=\"https:\/\/nypost.com\/2025\/06\/23\/us-news\/billionaire-dem-donors-slam-ineffectual-dnc-say-they-wont-fork-over-more-cash-for-now\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a> highlighted that the Democratic National Committee is rapidly burning through its cash reserves &mdash; with little hope for a miracle fix.<\/p>\n<p>And that&rsquo;s because a pair of billionaires have decided to tighten their purse strings in the wake of the DNC&rsquo;s <a href=\"https:\/\/www.westernjournal.com\/dnc-union-forced-beg-money-disastrous-election-losses-lead-party-betrayal\/\" target=\"_blank\" rel=\"noopener\">ongoing issues<\/a>.<\/p>\n<p>Media mogul Barry Diller is one such big name &mdash; and deep pocket &mdash; that has decided to pull back his financial support of the party.<\/p>\n<p>&ldquo;For a variety of reasons, I have no intention of donating to the DNC,&rdquo; Diller told the Post.<\/p>\n<p>Former Democratic presidential hopeful and tech billionaire Michael Bloomberg similarly sees little reason to keep pumping money into a failing organization.<\/p>\n<p>Billionaire private equity manager and former Milwaukee Bucks co-owner Marc Lasry, also is reportedly hesitant to contribute much to the DNC, though his may be more of a question of when he&rsquo;ll donate, not if.<\/p>\n<p>A longtime former Dem donor told the Post exactly why the DNC was such an unattractive entity.<\/p>\n<p>&ldquo;There is just a broad consensus that the DNC is ineffectual and not where we should be giving money,&rdquo; the donor said.<\/p>\n<p>&ldquo;But it&rsquo;s not surprising,&rdquo; the donor said. &ldquo;&lsquo;I don&rsquo;t belong to an organized party, &lsquo;I&rsquo;m a Democrat&rsquo; is a longtime joke for a reason.&rdquo;<\/p>\n<p>&ldquo;We&rsquo;re so decentralized,&rdquo; the donor continued. &ldquo;The DNC has always been a joke. If you are a megadonor looking to shape the direction of the party, don&rsquo;t give to the DNC. At this point, the shape of the DNC is just embarrassing.&rdquo;<\/p>\n<p>Ouch &mdash; but also painfully true. &ldquo;Decentralized&rdquo; is a charitable way of spinning the current state of the Democratic Party.<\/p>\n<p>Puppeteers like Sen. Chuck Schumer, Rep. Nancy Pelosi, failed presidential candidate Hillary Clinton, and former President Barack Obama are all at political nadirs (assuming <a href=\"https:\/\/www.westernjournal.com\/liberals-desperate-can-ask-1-question-barack-obama\/\" target=\"_blank\" rel=\"noopener\">they can even be found<\/a>) and as irrelevant as they&rsquo;ve ever been.<\/p>\n<p>The most recent slate of Democratic leadership is, and try to hold in your laughs, an octogenarian who can <a href=\"https:\/\/www.westernjournal.com\/bidens-secret-harvard-meeting-goes-disastrously-thanks-gaffes-ice-cream-snafu\/\" target=\"_blank\" rel=\"noopener\">barely eat ice cream<\/a> and a wailing banshee of a woman who has little issue tossing her <a href=\"https:\/\/www.westernjournal.com\/kamalas-marriage-strained-reportedly-blames-husband-loss-trump\/\" target=\"_blank\" rel=\"noopener\">husband under the bus<\/a> for political gain.<\/p>\n<p>The up-and-comers aren&rsquo;t much better &mdash; if not significantly worse. Reps. Jasmine Crockett, Ilhan Omar and other progressive Democrats seem too busy <a href=\"https:\/\/www.westernjournal.com\/ilhan-omar-declares-america-one-worst-countries-world-hasnt-returned-somalian-utopia\/\" target=\"_blank\" rel=\"noopener\">denigrating America<\/a> and <a href=\"https:\/\/www.westernjournal.com\/trump-doesnt-mince-words-learns-jasmine-crockett-said\/\" target=\"_blank\" rel=\"noopener\">paraplegics<\/a> to actually do their jobs.<\/p>\n<p>(The most prominent Democrat not mentioned above, Rep. Alexandria Ocasio-Cortez, has actually been relatively quiet these days as many have linked her to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pete-buttigieg-leans-into-new-media-ahead-of-possible-2028-run\/\" title=\"Pete Buttigieg leans into new media ahead of possible 2028 run\">potential 2028 presidential bid<\/a>.)<\/p>\n<p>Point being, the above ragtag group of blue donkeys is not exactly an inspiring bunch. You can&rsquo;t blame billionaires like Diller and Bloomberg from being hesitant about contributing to a doomed cause.<\/p>\n<p>And &ldquo;doomed&rdquo; may be putting it lightly.<\/p>\n<p>As noted by the Post, the DNC&rsquo;s money woes are being exacerbated by the fact that their rival counterpart, the GOP, is headed in the complete opposite direction.<\/p>\n<p>After losing another $3 million in May, the DNC war chest sits at a &ldquo;precarious $15 million.&rdquo;<\/p>\n<p>The Republicans, meanwhile,&nbsp;<em>added&nbsp;<\/em>$5 million in May, bringing its war chest to a whopping $72 million.<\/p>\n<p>(And just to be clear: Money matters are <a href=\"https:\/\/www.westernjournal.com\/dncs-spiral-debt-may-prove-democrats-just-plain-bad-money\/\" target=\"_blank\" rel=\"noopener\">not a new issue<\/a> for the Democrats, and rumors have persisted that the current DNC may actually need to take out loans. The party has strongly denied this chatter and instead claimed it enjoyed record-setting fundraising.)<\/p>\n<p>Look, if this writer could have it his way, he would remove all of the nasty money from politics and let politicians and their ideas stand on their own merit. But this writer would also like to be a 6&rsquo;5&Prime; point guard for the Dallas Mavericks. Neither thing is happening anytime soon.<\/p>\n<p>Much to the chagrin of the DNC, money matters, and their money matters only appear to be getting worse.<\/p>\n<p>Oh, well.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If money is truly the source of all evil, what does that imply for politics? Clearly, it doesn&#8217;t bode well, as financial backing often outweighs the candidate&#8217;s qualities in contemporary politics. However, money remains an unavoidable aspect of politics-beneficial at times but mostly detrimental-and having some funds is preferable to having none. The Republican Party, led by President Donald Trump, has effectively navigated this issue (not surprising given his business experience)<\/p>\n","protected":false},"author":1,"featured_media":2451311,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Ken-Martin.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[53575,7705,4133,5894],"class_list":["post-2451310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-billionaires-2","tag-dnc","tag-news","tag-politics"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Ken-Martin.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2451310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2451310"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2451310\/revisions"}],"predecessor-version":[{"id":2451314,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2451310\/revisions\/2451314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2451311"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2451310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2451310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2451310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}