Dem
47
GOP
53
The money race for 2026 and 2028 is already in full swing. It's early, and there is plenty of time for things to
change, but so far Republicans are
way ahead
of the Democrats. The main Republican super PAC, MAGA, Inc., collected $177 million in the first half of 2025, largely
from the crypto-industrial complex. The crypto folks have been well rewarded for their efforts, among other things with
the creation of the
Strategic Bitcoin Reserve
and U.S. Digital Asset Junkpile. As far as (V) knows, the Dutch government never had a strategic tulip reserve in the
1630s. Silly government. In contrast, the analogous Democratic super PAC, Future Forward, has $2,826.08 on hand and is
still paying back money it accepted in 2022 from crypto executives swindlers now in prison.
Downballot, it is just as bad. The Congressional Leadership Fund, which supports House Republicans, has $11 million more on hand than the Democrats' fund. On the Senate side, the Republicans' Senate Leadership Fund has $16 million more than the Democrats' super PAC has, and the Democrats also have a $21 million debt left over from 2024, when the Democrats went all out to hold the Senate and still lost four seats, even though they got 1.5 million more votes than the Republicans.
Of course, if the midterms end up being a referendum on whether democracy is worth saving, big Democratic megadonors could yet step up to the plate. Still, rich people and corporations generally get a better deal from Republicans than from Democrats, so they tend to support Republicans. Democrats get more support from small donors, but small donors don't usually pay much attention to midterms, and certainly not this far out. Also, any administration can give up valuable favors to potential donors in return for moolah and this one is doing that in spades. Cagey donors could try to build some goodwill with a future Democratic administration by ponying up some cash now, but donors' time horizon is the next election, at most. (V)