Tara Palmeri: “There were many historic aspects of Kamala Harris’s candidacy: her gender, her race, her midsummer anointment. But perhaps most jaw-dropping was the incredible success of her fundraising machine, which amassed more than $1 billion in donations, an unprecedented sum that was tangible, undeniable proof of her campaign’s momentum and enthusiasm.”
“But within 24 hours of her landslide loss, as anyone who received an election night text from ‘Barack Obama’ probably sussed out, the campaign was in the red. Today, word started to trickle out that the campaign has essentially burned its entire cash reserve, and is still fundraising to cover potential debts, an equally stunning data point for an operation that had as much as $118 million in cash on hand as of October 16.”
