BusinessWeek:
One hundred days into his tenure as the high-energy, higher-decibel chairman of the Democratic Party, Howard Dean is in trouble with party moneybags. The former Vermont governor seems to be doing a better job flaying the Republicans than bridging the cash chasm between the parties. Given Dean's 2004 run as a populist crusader, moderates were never wild about his takeover of the Democratic National Committee. So some big donors are sitting on their wallets.
... After achieving money parity with the GOP in 2004, Democrats have fallen far behind. According to the Federal Election Commission, the DNC raised $14.1 million in the first quarter of 2005, vs. the Republican National Committee's $32.3 million. Dean drew about 20,000 new donors, while his rivals picked up 68,200. The bottom line: Republicans have $26.2 million in the bank vs. $7.2 million for the Dems. ...
Personality factors aside, Dean's business-bashing '04 campaign makes him a hard sell in corporate circles. ...
Recent evidence of big-donor discomfort: A DNC event scheduled for May 25 at Manhattan's cavernous Jacob K. Javits Convention Center was scaled back to a smaller venue at the Essex House hotel. Bridget Siegel, the DNC's New York finance chair, says the event was moved because the new room "just worked better."
Recent Comments