“Shell-Shocked” Democrat Donors Concerned At Rudderless DNC: “I May Well Be Done With Political Giving Entirely”

“The feeling I get from big donors out here in California is that… they’re shell-shocked,” warns investor Marc Nathanson, who spent big in 2016, adding that he has no interest in participating in the party’s rebuilding efforts. As The Hill reports, many Democratic donors still feel burned by the party’s 2016 election losses and what they see as dysfunction in the DNC. “They’re tired,” said one DNC official fingering the blame elsewhere, “they’re upset about the election, and there was significant trauma surrounding the Russians.”
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As The Hill’s Jonathan Easley writes, 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.

This post was published at Zero Hedge on Dec 1, 2016.