Kamala Harris raised more than $1.5 billion dollars in less than 107 days — a staggering, incomprehensible sum of money that signified an enormous confidence in her ability to deliver the presidency — and then she went on to lose all seven battleground states and the popular vote to a four times-indicted, twice-impeached, convicted felon and adjudicated sexual abuser. If losing that badly weren’t fuck-up enough, the campaign appears to have ceased operations tens of millions of dollars in debt.

The party’s financial outlook is so bleak that, on November 18, the Democratic...