REPO MAN
Jeff Childers | July 27, 2026Over the weekend, the New York Times ran a remarkable, above-the-fold, 2,000-word story on page A-1 that dunks on Democrats and reads less like a political news story and more like the script for a streaming network tragi-comedy. The headline announced,
“Inside the Phone-Throwing Drama at the Troubled, Broke Democratic Party.”The article detailed the escalating chaos surrounding the DNC’s new Chairman Ken Martin, who took over in early 2025 promising to rebuild the party from the grassroots up. Instead, he appears to be rebuilding it into a smoking crater.
According to the Times, which seemed oddly exuberant in describing Democrats as “troubled” and “broke,” the DNC is currently $18 million in debt, with only about $16 million in cash on hand. For context, the Republican National Committee is sitting on a Scrooge McDuck-style vault containing $128.5 million in cash, with zero debt, and that’s not even counting the super PACs that engorge the GOP war chest to just south of $700 million.
In June, 2025, Chairman Martin gushed to Axios, “Powered by our grassroots community, the DNC has just set a new record for most money raised in the first four months under a new Chair — ever.” Thirteen months later, he’s mortgaging the office equipment.
Literally. The financial situation is so dire that the DNC has been forced to put up its own Washington D.C. headquarters as collateral for a $15 million line of credit. They are actually mortgaging the furniture. They have also started asking vendors to hold all bills until after the midterm elections, an advanced financial maneuver that CPAs refer to in technical terms as “hiding from the repo man.”
But if Martin was right, and the DNC raised tons of money early last year— where did it go? That’s murky, but we do know that the DNC bought Kamala Harris’s mailing list for $7.5 million— even though she lost.
But the most telling part of the story wasn’t the “broke-ness”. The real story was the “troubled-ness.” Paranoia! . . .
https://www.coffeeandcovid.com/p/repo-man-monday-july-27-2026-c-and
