Democrat Party goes bankrupt according to shocking New York Times report

ken martin

The Democrat Party has had a rough go. It’s only getting worse for team blue.

Because the Democrat Party is admitting to going bankrupt according to a breaking New York Times report.

Democrats Scrambled as Donors Flee and Drama Festers

The Democratic National Committee (DNC) is spiraling into chaos, bleeding funds and fracturing internally as it drifts further from the pulse of everyday Americans. The New York Times reported Wednesday that the party is grappling with infighting and a sharp decline in donations, painting a picture of a once-powerful machine now stuttering under the weight of its own dysfunction. At a time when the nation hungers for clarity and purpose, the Democrats seem mired in petty squabbles and elite detachment, alienating the very base they claim to champion.

DNC Chair Ken Martin, elected in February, has presided over a fundraising drought that threatens the party’s solvency. Major donors, once reliable cash flows, have turned tepid, leaving the DNC’s coffers dangerously thin. The Times noted that some senior officials have even whispered about borrowing money to keep the lights on—a desperate measure for a party that once boasted financial dominance. This isn’t just a bookkeeping problem; it’s a symptom of a deeper malaise, as the Democrats’ lofty rhetoric fails to resonate with a public weary of their out-of-touch posturing.

Six anonymous sources confided to the Times that major donors are dragging their feet, unwilling to bankroll a party that seems more interested in navel-gazing than addressing kitchen-table concerns. Two others revealed that borrowing cash is now a serious consideration, a move that would signal not just financial distress but a profound lack of confidence in the party’s direction. While Americans grapple with rising costs and uncertain futures, the DNC’s leadership appears consumed by internal power plays, oblivious to the urgency of reconnecting with the heartland.

Rufus Gifford, former finance chairman for Kamala Harris’ 2024 campaign, didn’t mince words about the party’s self-inflicted wounds. “What they are seeing is headline after headline of incompetence and infighting, and I think that is a real problem not just for the DNC but for the larger Democratic brand,” Gifford told the Times. “We need to come together and focus on the issues at hand. That’s got to happen now. And I mean today. And if that can’t happen, we need to shift course.”

The party’s tone-deafness is on full display in its juvenile feuds. Democratic Wisconsin Rep. Mark Pocan likened the DNC’s recent antics to “worse than some high school student council drama.” This isn’t the language of a party ready to lead; it’s the whining of a clique that’s lost its grip on reality. While voters demand solutions to pressing issues—jobs, healthcare, safety—the Democrats are bickering like teenagers, more concerned with settling scores than building a future.

Ken Martin himself admitted the depth of donor frustration, tying it to the sting of the 2024 election losses. “People invested more money than they ever had before, they dug deeper than they ever had, and they are quite frustrated by the result,” Martin told the Times. “They want answers. I don’t take it personally. I wasn’t in charge.” His attempt to deflect blame only highlights the leadership vacuum at the DNC’s core. Donors aren’t just upset about losses; they’re fed up with a party that seems to have forgotten how to speak to the working-class voters who once formed its backbone.

Martin’s own words betray a party stuck in a time warp, unable to move forward. “I know there’s a lot of people that are carrying grudges, that are still litigating the campaign that their person didn’t win,” he told the Times. “I am not one of those people. There’s no sense of living in the past. I have no enemies other than Donald Trump and the Republican Party.” Yet his focus on Trump as the sole adversary ignores the bigger threat: the Democrats’ own irrelevance, as they alienate moderates and independents with their insular, coastal-elite mindset.

The DNC’s turmoil reached a fever pitch with the ousting of David Hogg, the gun control activist elected as vice chair in February. Hogg’s April announcement to primary incumbent Democrats sparked a firestorm, exposing the party’s intolerance for internal dissent. On June 11, the DNC voted to strip him of his position over a procedural complaint, a move reported by Politico that reeked of vindictiveness. This wasn’t leadership; it was a purge, a signal to young activists that the party prefers conformity over fresh ideas.

The exodus of key allies compounds the DNC’s woes. Randi Weingarten, head of the American Federation of Teachers, and Lee Saunders, president of the American Federation of State, County and Municipal Employees, announced their departure from the DNC, per the Times. Both had supported Martin’s rival, Ben Wikler, in the chair election, suggesting their exits were less about strategy and more about lingering grudges. The loss of these union giants, who represent millions of workers, is a devastating blow to a party already struggling to prove its labor credentials.

While some Democrats cling to Martin’s leadership, their defenses ring hollow. Longtime DNC member Maria Cardona praised Martin, telling the Times, “Everything that Ken has done, regardless of the drama that it has caused, has been the right moves. He does the work. He rolls up the sleeves.” But hard work isn’t enough when the party’s vision is so misaligned with the country’s needs. Cardona’s loyalty feels like denial, a refusal to see that the DNC’s current path is leading to obscurity.

The Democrats’ disconnect isn’t just about money or infighting; it’s about a fundamental failure to understand the nation they aspire to lead. As families struggle to make ends meet, the DNC is embroiled in elite power struggles, oblivious to the resentment brewing among voters who feel ignored. The party’s inability to pivot, to speak plainly and authentically, has left it floundering in a political landscape that rewards clarity and conviction.

This unraveling isn’t a temporary hiccup but a real reckoning for a party that’s lost its moorings. The Democrats’ obsession with internal purity tests and performative gestures has cost them the trust of the heartland, the suburbs, and even their own base. As donors close their wallets and leaders bicker, the DNC risks becoming a relic.