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Democrats should be panicking at the latest fundraising totals — here's why

Democrats reported such a bad fundraising effort for July that it was the worst July for the party in a decade. (Photo by Chip Somodevilla/Getty Images)

The Democratic Party has hit a historic number in fundraising, but they shouldn't be celebrating: They have raised the lowest amount for the month of July in a decade.

According to the Hill, the Democratic National Committee raised only $3.8 million in July, the lowest amount for that month since 2007, when they raised $3.4 million.

Not only that, but Republican Party fundraising has exploded and far surpassed the ailing Democrats, even as President Donald Trump's agenda has hit stumbling block after stumbling block.

The Republican National Committee raised nearly three times as much in the same month — $10.2 million.

David Weigel of the Washington Post taunted those who were proclaiming Trump's presidency over by posting the fundraising totals on his social media account.

"Extremely smart pundits: Ha ha, Trump is finished!" he tweeted sarcastically. "RNC: We are getting so many donations we don't know what to do with them."

The Hill reported that the GOP ended up with zero debt after July, while the Democrats have $3.4 million in debt. Republicans also have a ridiculously enormous advantage over Democrats in cash on hand, with $47.1 million in reserves compared to a mere $6.9 million for Democrats.

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