DNC Unraveling: CEO Quits After 8 Months Amid Bailing Megadonors And Cash Panic

The Democratic National Committee has suffered yet another major setback - losing its CEO after just eight months on the job amid a massive cash crunch, the loss of a major donor, the leaking of emails which revealed rampant corruption throughout the DNC, and the still-unsolved murder of IT staffer Seth Rich.

Veteran Democrat operative Jess O'Connell left her post as CEO for personal reasons after taking on the role last May according to one DNC official, however no official reason has been given to DNC staffers.

"Rebuilding the party will take time. While it isn't an easy task, we developed a strategy, we implemented it, and we won races up and down the ballot in 2017," O’Connell said in a statement to NBC.

"While I've made the decision to pass the baton, our work remains far from over and under Tom Perez's leadership and direction, our party will continue to build on the progress we've made in 2017,” O'Connell continued.

Not so much according to Politico's Beatrice-Elizabeth Peterson:

Perez immediately began the search for a new CEO after thanking O'Connell. 

"Jess O'Connell joined the DNC at a time when our party needed it the most," Perez said in a statement. "She helped build our 'Every Zip Code Counts' strategy, oversaw unprecedented programming and support for state parties and campaigns, renewed our focus on data and technology, and helped lead us to 100+ victories in elections all across the country in 2017. Jess laid the groundwork for an infrastructure to win in 2018, 2020 and beyond." -NBC

O'Connell's departure comes just months after the DNC fired finance director Emily Mellencamp Smith following a horrendous run of poor fundraising in 2017, resulting in the lowest donations to the DNC in a non-election year since 2007

The committee’s slow fundraising has been a serious problem for the party since the 2016 election. Skeptical donors have stayed away from the DNC, while giving more to individual candidates and other committees. -Politico

And more recently, Billionaire DNC megadonor Tom Steyer - the former hedge fund manager behind a recent media campaign to impeach Donald Trump, announced that he will immediately stop all funding to the DNC following the DACA vote. 

“I don’t have a litmus test on any one thing, but I do have a litmus test for elected officials standing on principle and doing the right thing, looked at holistically," Steyer told Fortune last Thursday, adding "I want to say that after the DACA vote, I have decided not to give anything to the national party committees."

 

Steyer went off on both Republicans and Democrats two weeks ago after a House vote on articles of impeachment garnered a paltry 66 votes.

"This vote is not a reflection of whether or not Trump has passed the threshold for impeachment, which he did months ago," Steyer said Friday in a press statement after the vote. "It is a failure by members of Congress to do what’s right to keep the American people safe."

And because Steyer has cut off the DNC, it doesn't mean he won't continue to donate money to individual candidates and other liberal causes. 

As we reported throughout 2017, the DNC has been in a serious cash crunch. After spending a truly obscene amount of money on the Georgia special election last June, money that was proven to be completely wasted after Jon Ossoff was destroyed by Karen Handel, the DNC's balance sheet was left a little deflated.  Of course, spending $22 million dollars for a seat where candidates usually spend about $1 million each tends to take a toll on your political war chest.

The loss left the DNC with a paltry $7.5mm of cash and $3.3mm of debt at the end of June. By the end of November, cash on hand had dropped to $6.3 million, however perhaps they used some of it to pay down their debt - which dropped approximately $700,000 to $2.6 million, according to the Federal Election Commission.

With midterm elections coming up later this year, much less the 2020 push for the White House, one has to wonder if the floundering DNC can get its act together amid dismal fundraising, bailing megadonors, and a terrible game of executive musical chairs.

Comments

IH8OBAMA Stuck on Zero Tue, 01/30/2018 - 16:28 Permalink

I hear Al-Alami was the favorite to take over as DNC CEO until this from Fuzzy:

Fawzy Barhoum, spokesman for the Gaza-based Islamist terror group (Hamas), said that Imad al-Alami, one of the movement’s most senior officials, was critically wounded when his personal firearm accidentally discharged. He died in the hospital.

LMAO  I'm sure he is in a much better place with his comrades.  Probably sort of hot there though with fires and flames and a lot of shoveling coal.   Have fun burning in Hell, al-Alami.  No virgins for you!

In reply to by Stuck on Zero

lincolnsteffens GUS100CORRINA Tue, 01/30/2018 - 17:17 Permalink

Hey, the Repubs. are the same. They are mean, selfish, unaccountable shits, especially at the top. Been there. Witnessed it. Left it.

Wait for the trials of high Fed officials, Treasury Dept., Bank of International Settlements, GHWBush, Romney, Clintons.

Verified documents and claims brought to public exposure.  

http://www.oneworldofnations.com/2018/01/our-last-stand-report-9-exposi…        

In reply to by GUS100CORRINA

justyouwait nope-1004 Tue, 01/30/2018 - 17:35 Permalink

Hillary had a major role in the take down of the DNC (bless her LITTLE heart), but she had lots of help. The party had become inundated with crooks and hubris that led them all to believe that they could set up controls in the alphabet agencies that would give them control forever (they could create false dossiers and plant fake stories such as sexual misconduct against anyone they wanted to destroy to keep power). What they didn't count on was a populist like Trump coming along as they were establishing all these controls and upsetting their apple cart. Now it is time to pay the piper. Treason & sedition has been committed and needs to be followed through to it's conclusion for such crimes. The DNC is teetering on insolvency even without what is coming. I sincerely hope they are erased from the political landscape and remain in history only as a lesson as to how close America came to destruction from within.  

In reply to by nope-1004

Chupacabra-322 Thought Processor Tue, 01/30/2018 - 15:42 Permalink

 

@ Thought,

 

We may be witnessing the total, complete, Epic Collapse of a major Political Party in our lifetime. The Tyrannical Lawless Flase Right / Left Paradigm is Collapsing within its own footprint. 

 

Rest assured, the next “party” to take its place will be completely infiltrated with the same actors, Agents, Operatives & Globalist.

In reply to by Thought Processor

Thought Processor Bigly Tue, 01/30/2018 - 16:52 Permalink

 

 

"There is still a PLETHORA of irrational people everywhere!!!"

 

Very True.  But peer pressure is quite powerful and once the worm turns against the DNC it will be almost impossible to turn back.  

They won't be able to un-poison the well after this.

 

Stigma is a bitch.  

 

In reply to by Bigly