First appearance on Fox: Democrats are rubbing salt in the wound over their huge fundraising advantage over Republicans as Republicans try to take advantage of the funding crisis to attract potential donors.
The Republican National Committee (RNC) has begun running digital ads, admitting it “cannot afford” to confront the Democratic National Committee (DNC) as both parties enter a critical election year.
“Here’s the honest truth: Things don’t look very good for Republicans. Democrats are blaming us. They can buy advertising in markets we can’t, and they’re spending more than the U.S. “We are preparing for the election ‘in our lifetime,'” says the ad, which appears in X.
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The RNC’s new digital ad acknowledges that the Republican Party is struggling to raise money and is at a disadvantage against the DNC. (RNC/X)
The ad has gotten the attention of the DNC, which told Fox News Digital on Friday that it’s proof of how “desperate” the RNC is.
“In response to the RNC’s dire financial situation, the RNC issued the following statement on behalf of the DNC. ‘Here’s the honest truth: Things don’t look very good for Republicans. Democrats are blaming us. They will be able to buy advertising in markets we cannot afford and will outspend the US. “We agree,” a DNC spokesperson quipped, using the RNC’s own words.
President Biden’s reelection campaign also responded to the ad, telling Fox News Digital that the RNC was on target.
“The RNC is right. Things don’t look good for the Republican Party and Donald Trump heading into the general election. We don’t know what they’re doing.” They’re trying to get it over with the RNC, but it’s certainly not working,” campaign spokesman James Singer said.
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A security fence remains in place around the Democratic National Committee (DNC) headquarters in Washington, DC, on November 16, 2023. (Kevin Dietsch/Getty Images)
Fox News Digital has reached out to the RNC for comment.
Last month, Fox News Digital first reported that Democrats had a significant fundraising advantage over Republicans, who entered the election year facing funding shortfalls and party turmoil in key battleground states.
According to the year-end report submitted to federal election commission The Democratic National Committee (DNC) started the year with nearly three times as much cash on hand as the Republican National Committee (RNC) reported, and will raise nearly three times as much in the final month of 2023, according to the (FEC). brought.
of RNC reports worst fundraising year Since 2013, it has raised just $87.2 million in 2023 and started 2024 with just over $8 million in cash on hand. Adjusted for inflation, the last time RNC funding was this low was in 1993, when the McCain-Feingold Act of 2002 restricted corporate funding for political committees and limited individual donations. In 1993, before the
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The Democratic National Committee started the election year with $21 million in cash, compared to $8 million for the Republican National Committee. (St. Petersburg)
of DNC reports $120 million raised In 2023, cash on hand reached a record high of $21 million, creating a huge gap of $13 million between the two committees. It also reported in December that it had raised $14.7 million compared to the RNC’s $5.3 million.
The RNC brought in more direct donations than the DNC over the course of the year, but the latter has a community chest arrangement with the incumbent. President Biden’s Re-election Campaign and Other Community Chest Committees. The DNC outperformed the RNC (which does not have a co-funding agreement with a sitting president) overall for much of the period. National committees of both parties often see a decline in fundraising during election cycles against incumbent presidents of the opposing party.
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RNC Chairwoman Ronna McDaniel is expected to officially resign after the Super Tuesday primary on March 5, weeks after former President Trump asked her to resign.
President Trump nominated his daughter-in-law, Lara Trump, to serve as co-chair, along with North Carolina Republican Party Chairman Michael Whatley.
Get the latest on the 2024 campaign trail, exclusive interviews and more with Fox News Digital’s Election Hub.
