The Republican National Committee (RNC), under Ronna McDaniel’s leadership, finds itself grappling with immense financial setbacks as they gear up for the 2024 elections. The RNC’s recent Federal Election Commission filing for 2023 has exposed a dire situation, revealing that the committee raised a measly $87.2 million while spending a staggering $93.5 million. To add insult to injury, the RNC accrued $1.8 million in debts and ended the year with a meager $8 million in cash on hand, making it the worst fundraising performance since 2013. If we adjust for inflation, this marks the RNC’s poorest showing since 1993.

Meanwhile, their Democratic counterparts, the Democratic National Committee (DNC), boasted a much stronger financial position. The DNC raised an impressive $120 million in 2023, outpacing the RNC by a significant margin. While they also spent a substantial amount, $129.5 million, the DNC still managed to end the year with a healthy $21 million in available cash. The stark contrast in fundraising numbers prompted Rapid Response Director Alex Floyd to label the RNC’s filing a “financial disaster.”

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Laura Loomer joins WarRoom to report on Ronna McDaniel’s possible resignation. Watch:

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These lackluster fundraising results have sent shockwaves throughout the Republican Party, leaving many dissatisfied with the RNC’s leadership and past performance in elections. Tyler Bowyer, Arizona Republican Committeeman and Turning Point Action Chief Operating Officer, minced no words when he declared that the RNC had been barely staying afloat financially. He emphasized the urgent need to raise money for the upcoming Republican National Convention in July, which is expected to cost several million dollars. Bowyer painted a dire picture of the party’s financial state, exclaiming, “The state of the party’s finances are dire!”

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Bowyer was one of the party members who challenged RNC Chairwoman Ronna McDaniel in the leadership election last year, throwing his support behind California Republican Committeewoman Harmeet Dhillon. His organization, TP Action, even organized an “alternate RNC” meeting called the “Restoring National Confidence” summit in Las Vegas, which coincided with the RNC’s winter meeting. Bowyer claimed that between 50 and 70 committeemen and women attended the TP Action gathering, showcasing the dissatisfaction with the RNC’s current leadership.

However, Iowa Republican Committeeman Steve Scheffler offered a different perspective on the fundraising data. He pointed out that the RNC is not in power at the White House, a factor that affects fundraising efforts. Scheffler expressed confidence that once a presumptive nominee emerges, the party’s fundraising will soar. He explained that big donors often prefer to contribute directly to candidates during the primary campaign cycle before funneling funds to the RNC later on. Scheffler defended RNC leadership, arguing that they are not to blame for the current fundraising numbers and asserting that fundraising will “take off like a rocket” once a nominee is in place.

Republican strategist Michael Duncan also provided an alternate explanation for the RNC’s deflated finances. He suggested that many donors are choosing to give directly to candidates they support, such as Trump, DeSantis, and others. Trump, in particular, has a massive fundraising list and managed to pull in a whopping $188 million through his campaign and affiliated entities last year. Duncan opined that this phenomenon, combined with the RNC’s lack of fundraising effort, could explain the stark discrepancies in financial performance.

Despite these differing perspectives, there is a consensus that the RNC’s financial situation is concerning. Republican strategist John Feehery highlighted that the RNC has spent more than it raised in each of the last three years. California political analyst Rob Pyers echoed this sentiment, noting the alarming figures of $422.4 million raised and $494.9 million spent since 2021. With a paltry $8 million on hand and $1.8 million in debt before an election year, Pyers emphasized that this is far from an ideal financial position.

Tyler Bowyer, reflecting on the RNC’s lackluster fundraising, drew parallels to previous years under the Obama administration. He argued that the RNC should have had an easier time raising money in 2023, given the perceived flaws in President Biden’s leadership. Bowyer, critical of RNC Chairwoman Ronna McDaniel’s approach, pointed to the account of Vivek Ramaswamy, who claimed that McDaniel refused to accept any responsibility for election losses. Bowyer stated that this behavior has been consistent, asserting, “I mean, that’s been really what she’s done to everyone.”

Despite the bleak fundraising report, some believe that the RNC still has time to make up ground. Rob Pyers suggested that it is possible for the RNC to catch up, citing the committee’s nearly $12 million raised in January as a glimmer of hope. Although the RNC declined to comment on their financial situation, they must acknowledge the urgency of the matter if they hope to stay afloat.

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Fortunately for the RNC, they may find solace in the indomitable spirit and fundraising prowess of former President Donald Trump. Tyler Bowyer confidently predicted that Trump’s campaign, combined with the RNC, will overcome these challenges through a strategic partnership. With Trump’s unparalleled grassroots support and remarkable small-dollar fundraising capacity, Bowyer believes that Trump will act as a band-aid for the GOP’s financial wounds.

Nevertheless, not everyone shares Bowyer’s optimism. John Feehery warned that the current fundraising totals so close to the general election could spell trouble for Republicans. The competition is fierce, with Joe Biden and his allied groups amassing a significant war chest of $140 million last year. Additionally, Trump-supporting organizations are shouldering the burden of the former president’s legal fees, which have amounted to roughly $48 million.

Despite these obstacles, the Trump campaign remains confident in its ability to keep up the momentum. Trump press secretary Karoline Leavitt affirmed that the campaign is fueled by small-dollar donors across the country who are fed up with President Biden’s failures. She expressed unwavering confidence in Trump’s ability to secure victory, citing his strong polling numbers in battleground states.

In a promising revelation, the Trump campaign disclosed that their entire $33 million in cash on hand is specifically earmarked for the primary season. This strategic move allows the campaign to return to its dedicated supporters for additional contributions during the general election.

As the 2024 elections loom on the horizon, the RNC and Trump face an uphill battle to bridge the fundraising gap. With the future of the Republican Party hanging in the balance, time will tell if they can rally the necessary financial support to secure victory and defend the core values that Make America Great Again, again.

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