Democratic marketing plan goes surprisingly … poorly

posted at 11:36 am on September 25, 2009 by Ed Morrissey

It’s difficult to decide who deserves more derision in this Washington Post report on fundraising woes in the Democratic Party.  Should we laugh at the Nancy Pelosi-led politicians who thought that a year of populist pandering and the launch of a radical, aggressive anti-business agenda would have no effect on donations from the wealthy they demonized?  Or should we instead mock those who lent their wealth to Democrats in the apparent belief that they didn’t intend to act on their class-warfare rhetoric?

Hey, why choose?

Democratic political committees have seen a decline in their fundraising fortunes this year, a result of complacency among their rank-and-file donors and a de facto boycott by many of their wealthiest givers, who have been put off by the party’s harsh rhetoric about big business.

The trend is a marked reversal from recent history, in which Democrats have erased the GOP’s long-standing fundraising advantage. In the first six months of 2009, Democratic campaign committees’ receipts have dropped compared with the same period two years earlier.

The vast majority of those declines were accounted for by the absence of large donors who, strategists say, have shut their checkbooks in part because Democrats have heightened their attacks on the conduct of major financial firms and set their sights on rewriting the laws that regulate their behavior.

As the battle over President Obama’s effort to overhaul the health-care system reached a fever pitch this summer, the three national Republican committees combined to bring in $1.7 million more than their Democratic counterparts in August. The pair of Democratic committees tasked with raising money for House and Senate candidates — and doing so at a time when the party holds its strongest position on Capitol Hill in a generation — have watched their receipts plummet by a combined 20 percent with little more than a year to go before the November 2010 midterm elections.

This last point is most significant.  Donors flock to power, especially those with serious commercial interests in policy decisions on Capitol Hill.  They suck up to the party that controls each chamber (in this case, the one party that controls both) in order to make sure their issues get on the agenda and get favorable treatment.  That impulse helps keep incumbents in power.

However, that impulse has declined sharply in this Congress, and for good reason.  The Democrats plan on radically restructuring two industries that comprise about a third of the economy, combined.  While some in the health-care industry may gain with some of the “reforms” pushed by Democrats, more will lose.  In the energy industry, just about everyone in that industry loses with cap-and-trade.

Nowhere is this trend more obvious than on Wall Street:

Other Democrats and their aides, who spoke on the condition of anonymity to discuss internal party strategy, said that rhetoric toward big business has grown so antagonistic that it has become increasingly difficult to raise money on Wall Street, particularly after the controversy about bonuses and executive compensation. The DSCC has also established a rule that forbids accepting donations from the handful of financial firms that received money from the Troubled Assets Relief Program, the $700 billion bailout effort approved last fall, and have not yet repaid the government.

Who would have guessed that the people that Democrats demonized as evil in the first half of the year would be reluctant to donate now?  For both the Democrats who are shocked, shocked! to find former donors alienated from their class-warfare campaign and the business interests shocked, shocked! to find class warriors in charge of the Democratic Party they supported unthinkingly last year, I award the Captain Louis Renault Award:


Related Posts:

Breaking on Hot Air

Blowback

Trackbacks/Pings

Trackback URL

Comments

Hey, why choose?

Love it!

Christian Conservative on September 25, 2009 at 11:39 AM

Turnabout is Fair Play, and the irony is sweet

Janos Hunyadi on September 25, 2009 at 11:39 AM

Isn’t life delicious?

beatcanvas on September 25, 2009 at 11:40 AM

Anyone running a private business who gives a dime to the absolutely worthless, corrupt and incompetent Democrat Party, is either (1) in on the fix, or (2) run by morons.

NoDonkey on September 25, 2009 at 11:41 AM

Those big donors should contribute heavily to the republicans for 2010 to help stop the damage Obama and his radical liberal gang are inflicting on our econonmy.

GaltBlvnAtty on September 25, 2009 at 11:42 AM

Who would have guessed that the people that Democrats demonized as evil in the first half of the year would be reluctant to donate now?

That “karma” thing can be a real bear!

highhopes on September 25, 2009 at 11:42 AM

I will take over your business and tell you how much you’ll make!

Business is evil. Now, donate to my party!

darwin on September 25, 2009 at 11:43 AM

Stupid democrats/communists …

darwin on September 25, 2009 at 11:43 AM

mmmmm…..Schadenfreude….

t on September 25, 2009 at 11:43 AM

Im lovin it!

becki51758 on September 25, 2009 at 11:44 AM

Good. Even those blinded by the tidal wave of repetative verbage spewed by the One eventually regain their sight… and what they see ain’t pretty.

Deckard on September 25, 2009 at 11:44 AM

And a worthy award you have made….

ted c on September 25, 2009 at 11:44 AM

I guess the Dems are just going to start pushing harder for public financing of elections.

myrenovations on September 25, 2009 at 11:45 AM

when wall street stops donating, the democrats must do something right.

sesquipedalian on September 25, 2009 at 11:46 AM

Democrats to wealthy benefactors: You are all horrible Capitalist swine who must be forced to share your wealth and given limits to your earning potential. Now, show us how much you love us with your generous donations.

And they expected a different result?

kingsjester on September 25, 2009 at 11:46 AM

Wait until the 2009 charity donation numbers come out. From a few non/not for profit folks I know – they are seeing 30-60% declines…

Reason #254 why “sharing the wealth” destroys wealth, charity giving, those who need the charity (cue bleeding heart libs – answer this one please) and gov tax revenue (down 27% in Q1/2 ’09).

Odie1941 on September 25, 2009 at 11:46 AM

you should look up Jamie Dimon’s (JP Morgan) connections to the Chicago political thugocracy sometime.

If Jamie Dimon ain’t payin up, things have gotten REALLY bad.

WWS on September 25, 2009 at 11:47 AM

Or should we instead mock those who lent their wealth to Democrats in the apparent belief that they didn’t intend to act on their class-warfare rhetoric?

A fool and his money are soon parted.
The question is how did those Fools get that money in the first place?

Zam88 on September 25, 2009 at 11:47 AM

You mean all those greedy doctors haven’t given tons of money to Dems? It’s not like Obama was exaggerating or anything. I went to my doctor for heartburn and he amputated everything except the finger I’m using to type this. It cost me millions of dollars.

Daggett on September 25, 2009 at 11:48 AM

Captain Louis Renault Award

I knew that award was going to come out today. Might even have to bring it out again tonight with the Friday night document dump. Ed will be clinging onto the imperial starship to trace the document dump when it occurs.

WashJeff on September 25, 2009 at 11:48 AM

Here is a party of slack lawed radicals, who during a time of war decided to act all Sixties and fight any progress under the Bush administration. The idiot electorate rewards their behavior by electing them all in, and in majority. Now the country is clearly moving towards a big problem and the same electorate is looking for the handle of the toilet to flush them.

Silly electorate. You get what you vote for.

Hening on September 25, 2009 at 11:50 AM

Kinda like waking up in a strange hotel room alone…

… clothes all over the place, totally hung over, wallet emptied of cash and credit cards, watch gone, naked Polaroids of yourself all over the floor, the only thing left is an “Obama” campaign button, and realizing your the one that has been screwed.

Yea…

… let’s do that again.

Seven Percent Solution on September 25, 2009 at 11:50 AM

I suppose they have their “collective”heads shoved up their brown nosing butts so far that they failed to take into account that these [email protected] would actually come after them.
Those that supported Castro during his revolution got screwed the same way. Wall St. with it’s horrible behavior and refusal to police itself. Furthermore it is primarily Democrat so I guess they are totally surprised that they are getting shafted. Bottom line is they got rich from their lack of moral character and now they’ll get poor from it as well.

larvcom on September 25, 2009 at 11:51 AM

Wait a minute… this kool aid tastes like crap!

sammypants on September 25, 2009 at 11:52 AM

These are the idiots that supported Obozo in the first place. They made their beds.

Cicero43 on September 25, 2009 at 11:53 AM

The well has run dry. Let’s see the Dems try to win elections without all those donations coming in.

Soros and GE only have so much money.

UltimateBob on September 25, 2009 at 11:53 AM

The Democrats plan on radically restructuring two industries that comprise about a third of the economy, combined. 

Question to all of you Leftist out there: How much of the economy does the government have to control before you consider it Socialism or Fascism?

Zam88 on September 25, 2009 at 11:53 AM

When Chavez, Qadaffi, and Iamadinnerjacket are praising dear leader at the UN, you probably should have paid a little closer attention to who you were supporting.

MDWNJ on September 25, 2009 at 11:54 AM

I went to my doctor for heartburn and he amputated everything except the finger I’m using to type this. It cost me millions of dollars.

Daggett on September 25, 2009 at 11:48 AM

That made me laugh, and NOTHING makes me laugh.

saint kansas on September 25, 2009 at 11:54 AM

Nancy is still scratching her head trying to figure this out.

GarandFan on September 25, 2009 at 11:55 AM

The less they donate, the more they’re betting on the Republicans regaining at least one half of Congress next year.

jon1979 on September 25, 2009 at 11:56 AM

Brings to mind this parody (with graphic): “Obama Requests Increase in Class Warfare Funding” http://optoons.blogspot.com/2009/06/obama-requests-increase-in-class.html

Mervis Winter on September 25, 2009 at 11:56 AM

I could never fathom why the corporate CEOs and other wealthy within our society ever backed BO and the demokrats last year. To do so seemed, to me, to be counterintuitive and self-destructive. Of course, I really could not fathom why anyone would voluntarily choose to back BO last year or at any time.

anglee99 on September 25, 2009 at 11:57 AM

Democratic donors are racist.

txag92 on September 25, 2009 at 11:58 AM

WWS on September 25, 2009 at 11:47 AM

I used to work for Chase. Dimon is a turd. He had set up Chase one of the few to make out on Cap and trade. They also used to have this lame “Think of the environment before you print this” plastered at the bottom of every email.

gsherin on September 25, 2009 at 11:59 AM

I could never fathom why the corporate CEOs and other wealthy within our society ever backed BO and the demokrats last year. To do so seemed, to me, to be counterintuitive and self-destructive. Of course, I really could not fathom why anyone would voluntarily choose to back BO last year or at any time.

anglee99 on September 25, 2009 at 11:57 AM

Maybe it’s finally dawning on some rich fools that the Statists NEED them (for a while at least) to take over power.

Maybe they’re finally waking up and smelling the Statism and backing out.

Who is this John Galt fellow everyone’s Referring to?

Chainsaw56 on September 25, 2009 at 11:59 AM

That made me laugh, and NOTHING makes me laugh.

saint kansas on September 25, 2009 at 11:54 AM

Then my work here is done. ;)

Daggett on September 25, 2009 at 11:59 AM

I have to say , Ed. You’re missing the bigger picture here. They’ve thought this trough.

BHO has opened the southern border to let in illegal aliens in order to give them federal money. Then, the DNC will approach those illegals and ask for campaign donations. they won’t know to what they’re donating… just like the Chinese dish washers who donated to the Hillary campaign.

Connect the dots, Ed.

madmonkphotog on September 25, 2009 at 12:00 PM

Schadenfreude.

Wethal on September 25, 2009 at 12:01 PM

Soros and GE only have so much money.

UltimateBob on September 25, 2009 at 11:53 AM

He spent a ton trying to beat Bush in ’04. Little did I know that Obama could end up costing him much, much more!

CC

CapedConservative on September 25, 2009 at 12:03 PM

I could never fathom why the corporate CEOs and other wealthy within our society ever backed BO and the demokrats last year.

See GE.

There is no bigger friend to big business than big government.

Only the government can stamp out competetion and give sweetheart federal contracts worth billions upon billions.

It’s a giant myth that the Democrats are against business, they’re just against any business that they’re not getting a piece of.

What the Republicans should be for, is for a free market, free trade and competition to benefit the consumer, because the Democrats are for closed markets, closed shops, higher taxes on business and higher prices for consumers.

NoDonkey on September 25, 2009 at 12:05 PM

when wall street stops donating, the democrats must do something right.

sesquipedalian on September 25, 2009 at 11:46 AM

Interesting use of logic. Apply it to governance and follow that to its natural conclusion: when tax receipts stop flowing into DC (for the massive nanny programs Dems love), statists must be doing something right.

anuts on September 25, 2009 at 12:05 PM

If we slip back into recession, something that’s not yet clear, then the Democrat party will be finished in 2010 and 2012.

Meanwhile I’ll be in the back 20 burying the gold and the backup ammo.

E9RET on September 25, 2009 at 12:05 PM

The less they donate, the more they’re betting on the Republicans regaining at least one half of Congress next year.

jon1979 on September 25, 2009 at 11:56 AM

Not necessarily, they just don’t see the rats as a sure thing. The filthy liar in the White House doesn’t have any coattails at this point so all those Congressmen are going have to rely on incumbancy and conplacency to keep their jobs. Nobody is going out to the polls and win one for Obama.

Speaking of which, the two states with Gubenatorial races are in their last six weeks. Why isn’t the filthy liar out there trying to get them elected? As far as I can tell, here in Virginia, the filthy liar made only one speech where he told dissenters to STFU and get out of his way with the expected outrage from the public. Why isn’t our wildly popular “leader” more of a draw at events?

highhopes on September 25, 2009 at 12:07 PM

the party’s harsh rhetoric

Not to mention their actions, like taking over the auto industry to favor the unions.

Of course the left has been in an echo chamber for the past 30 years so real life must be a constant surprise to them.

PattyJ on September 25, 2009 at 12:07 PM

*sad trombone sound goes here*

stevezilla on September 25, 2009 at 12:10 PM

Could it simply be some possible Democrat donors decided against donating because they saw the Democrats trying to turn America into a Communist country.

Jeff from WI on September 25, 2009 at 12:11 PM

when wall street stops donating, the democrats must do something right.

sesquipedalian on September 25, 2009 at 11:46 AM

Like destroying prosperity. Yeah those democrats RULE.

daesleeper on September 25, 2009 at 12:11 PM

Screwing the bondholders in the GM and Chrysler bailouts didn’t help.

Wethal on September 25, 2009 at 12:11 PM

When you don’t know which hand is feeding you, I guess you find out by biting all of them.

Morons.

tcn on September 25, 2009 at 12:12 PM

No problema here, amigo.

They’ll just order the major third party vendors to the banks, GM, Chrysler, etc., to make up the shortfall to the Dem committees.

TXUS on September 25, 2009 at 12:13 PM

Jeff from WI on September 25, 2009 at 12:11 PM

Strange, isn’t it? The statist is all for outrageous taxation simply to cover the cost of outrageous welfare and redistribution while directly causing lost revenue for both business and thus DC. The answer to them? More taxation and redistribution.

anuts on September 25, 2009 at 12:17 PM

anuts on September 25, 2009 at 12:17 PM

Addendum:

While launching a smear campaign and demonizing those who make their existence possible.

anuts on September 25, 2009 at 12:19 PM

If we slip back into recession, something that’s not yet clear, then the Democrat party will be finished in 2010 and 2012.

If the country survives, Democrat party will be finished, unless they change course – which doesn’t look too bloody likely.

Meanwhile I’ll be in the back 2 burying the gold and the backup ammo.
E9RET on September 25, 2009 at 12:05 PM

Don’t forget some backup guns as well.

What do you think of the idea burying some recycled cans and other scrap metal as false targets in case some people come looking for that stuff?

Insert witty screen name here on September 25, 2009 at 12:25 PM

Like destroying prosperity. Yeah those democrats RULE.

daesleeper on September 25, 2009 at 12:11 PM

wall street destroyed your prosperity.

sesquipedalian on September 25, 2009 at 12:27 PM

wall street destroyed your prosperity.

sesquipedalian on September 25, 2009 at 12:27 PM

This is not necessarily an outright disagreement but more of a challenge. An intellectual exercise, if you will. How?

anuts on September 25, 2009 at 12:32 PM

If we slip back into recession, something that’s not yet clear, then the Democrat party will be finished in 2010 and 2012.

One problem with this analysis. As long as GE/NBC and the rest of the paleo media are still in place the propaganda will still get out and you know how stupid the electorate is…

larvcom on September 25, 2009 at 12:32 PM

Some get smart late.

Akzed on September 25, 2009 at 12:35 PM

If the country survives, Democrat party will be finished, unless they change course – which doesn’t look too bloody likely.
Insert witty screen name here on September 25, 2009 at 12:25 PM

Even if they don’t change course, cockroaches just move next door until the poison is gone and safe to come out again. So in effect, they’ll just re-emerge from state legislatures.

larvcom on September 25, 2009 at 12:40 PM

I could never fathom why the corporate CEOs and other wealthy within our society ever backed BO and the demokrats last year. To do so seemed, to me, to be counterintuitive and self-destructive. Of course, I really could not fathom why anyone would voluntarily choose to back BO last year or at any time.

anglee99 on September 25, 2009 at 11:57 AM

I see it this way….These fat cats see it as compassionate to support government welfare. They know that any taxes levied against them can be recouped through their customers. Only now, there are no customers so it’s their bottom line being affected. Now they have less wealth, because the peons aren’t spending.

Jvette on September 25, 2009 at 12:43 PM

Well done Ed… and Captain Louis!

Nancy Pelosi is mentally challenged.

Harry Reid will be retiring soon. 2010 to be exact.

Barry Obama is a lame duck after 9 months.

Oh those dems are just soooo patriotic and so capable of governing! Don’t you think?

Griz on September 25, 2009 at 12:43 PM

The lady went to the plastic surgeon. She was told they are over quota on breast implants but there is a special on mastectomies. buy one get one free. Can’t beat a 2 fer 1 special. I was encouraged. I am sleeping on the couch for a while.

seven on September 25, 2009 at 12:51 PM

Yeah and losing the millions of $ and the”rent a mob” that ACORN provided will hurt the Dems even more. Boo friggin Hoo!

Union members watch out for your dues to sky rocket!

chickasaw42 on September 25, 2009 at 1:00 PM

This is not necessarily an outright disagreement but more of a challenge. An intellectual exercise, if you will. How?

anuts on September 25, 2009 at 12:32 PM

by deploying weapons of mass wealth destruction.

sesquipedalian on September 25, 2009 at 1:01 PM

I have to say , Ed. You’re missing the bigger picture here. They’ve thought this trough.

BHO has opened the southern border to let in illegal aliens in order to give them federal money. Then, the DNC will approach those illegals and ask for campaign donations. they won’t know to what they’re donating… just like the Chinese dish washers who donated to the Hillary campaign.

Connect the dots, Ed.

madmonkphotog on September 25, 2009 at 12:00 PM

I wouldn’t blame Ed for missing this, but they would have to teach the Mexicans to make $10 donations under the name of Miguel Raton (Mickey Mouse in Spanish) of Disneyland, California to a website that doesn’t screen out false addresses.

Steve Z on September 25, 2009 at 1:05 PM

absence of large donors who, strategists say, have shut their checkbooks in part becausethey aren’t so rich any more and nothing Obama has done will undo that any time soon.

J_Crater on September 25, 2009 at 1:10 PM

by deploying weapons of mass wealth destruction.

sesquipedalian on September 25, 2009 at 1:01 PM

It certainly makes a case that the derivatives market is a bad investment on the whole. Like all investment, it’s still a crapshoot. And it still takes two consenting parties to do business.

anuts on September 25, 2009 at 1:10 PM

wall street destroyed your prosperity.

sesquipedalian on September 25, 2009 at 12:27 PM

You really do believe this crap, don’t you?

MarkTheGreat on September 25, 2009 at 1:12 PM

when wall street stops donating, the democrats must do something right.

sesquipedalian on September 25, 2009 at 11:46 AM

So you finally admit that what they were doing was wrong.

chemman on September 25, 2009 at 1:12 PM

Lets see.
Govt requires private companies to perform certain acts.
Certain acts cause economic catastrophe.
Obviously, it was the private companies fault.

So goes the logic of a liberal.

MarkTheGreat on September 25, 2009 at 1:14 PM

AND they won’t have ACORN to help out.

Queen0fCups on September 25, 2009 at 1:16 PM

What do you think of the idea burying some recycled cans and other scrap metal as false targets in case some people come looking for that stuff?

I’m counting on the claymores and dogs to take of that ;-)

E9RET on September 25, 2009 at 1:21 PM

Why give bullets to the thugs who would rob you?

unclesmrgol on September 25, 2009 at 1:28 PM

What do you think of the idea burying some recycled cans and other scrap metal as false targets in case some people come looking for that stuff?

I’m counting on the claymores and dogs to take of that ;-)
E9RET on September 25, 2009 at 1:21 PM

LOL, That would work a lot better.

Insert witty screen name here on September 25, 2009 at 1:31 PM

It certainly makes a case that the derivatives market is a bad investment on the whole. Like all investment, it’s still a crapshoot. And it still takes two consenting parties to do business.

anuts on September 25, 2009 at 1:10 PM

if wall street wasn’t worried about the epic fail of the $500 trillion derivatives market, why should we care if they now worry about the democrats’ agenda? they represent their own interests, not ours – just ask miss main street.

sesquipedalian on September 25, 2009 at 1:36 PM

Lets see.
Govt requires private companies to perform certain acts.
Certain acts cause economic catastrophe.
Obviously, it was the private companies fault.
So goes the logic of a liberal.
MarkTheGreat on September 25, 2009 at 1:14 PM

Game, set and match.

Amazing how the smartest people on the planet are always flummoxed by basic logic.

Chainsaw56 on September 25, 2009 at 1:38 PM

why should we care if they now worry about the democrats’ agenda?

You’re mistaken. I don’t care if they worry or not.

they represent their own interests, not ours – just ask miss main street.

sesquipedalian on September 25, 2009 at 1:36 PM

As every entity or person should only care about their own financial interest. This altruistic canard and subsequent punitive reaction is how we get into trouble in the first place. It has to stop.

anuts on September 25, 2009 at 1:52 PM

As every entity or person should only care about their own financial interest. This altruistic canard and subsequent punitive reaction is how we get into trouble in the first place. It has to stop.

anuts on September 25, 2009 at 1:52 PM

libertarianism is an elitist hobby. it has to stop.

sesquipedalian on September 25, 2009 at 2:09 PM

What was the Socialist / Communist slogan of the 1960’s and ’70’s? You empirialist capitalist pig. Sounds very familiar to the last 6 months from demoncrats – you capitalist pigs must pay. They have bitten the hand that feeds them.

Even Che would not be so stupid to bite Khrushchev or Brezhnev

AASLT on September 25, 2009 at 2:17 PM

libertarianism is an elitist hobby. it has to stop.

sesquipedalian on September 25, 2009 at 2:09 PM

I don’t understand. What we are describing is nature sans coercion. Why stop that?

anuts on September 25, 2009 at 2:18 PM

This is what happens when you turn your party over to thugs from the most corrupt state in the Union. I bet Obama truly believed the CEOs had NO CHOICE but to pay out to Democrats.

Guess both parties learned presuming a Permanent Majority is a sure way to scuttle.

Chris_Balsz on September 25, 2009 at 2:34 PM

I knew there would be a CLR award sooner or later for these folks.

Kafir on September 25, 2009 at 2:37 PM

What we are describing is nature sans coercion. Why stop that?

anuts on September 25, 2009 at 2:18 PM

what you’re describing is the tyranny of the individual.

sesquipedalian on September 25, 2009 at 2:48 PM

what you’re describing is the tyranny of the individual.

sesquipedalian on September 25, 2009 at 2:48 PM

Tyranny, huh? When a transaction takes place without coercion who exactly is abusing their power? And what exactly is the power in question?

anuts on September 25, 2009 at 2:52 PM

The Sesquatch is right (1:36) – Palin would likely agree that Wall St, after what they just engineered, should fear both parties in a just world. You know, the one of laws – not men.

rhodeymark on September 25, 2009 at 7:08 PM