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No.
When Obama won in 08, he abandoned the DNC.
It operated in a zombie state for 8 years ran by neoliberals into bankruptcy.
When 2016 happened the DNC had zero money and only the chair knew it.
The chair and Hillary's primary campaign made an agreement with the DNC chair (no one else knew) that Hillary would fund the DNC. That came with the strings that Hillary's primary campaign controlled what the DNC said and did.
And that is what started the "victory fund" that stole money from state parties, and was handed to Biden, to Kamala, and Finally to the current DNC, who has given it all back to state parties with no strings already.
I highly recommend you read up on "the victory fund". Start with Donna Brazille's article because she was the first to blow the whistle. Literally "follow the money" and see that it's gone.
None of this is hypothetical, and Ken Martin didn't appear out of thin air, he had a decade long track record running a state party.
This requires zero faith in anyone, just like maybe an hour of looking up what's happened in the last decade of political history with the DNC, it is highly documented and takes the same level of effort as a jr high book report.
There's none cause not to put that level of effort in, and I'll most likely even edit in some links to start out with. But again, don't just take my word, look around yourself, all this verifiably happened.
Links:
https://www.politico.com/magazine/story/2017/11/02/clinton-brazile-hacks-2016-215774/
https://www.forbes.com/sites/kylemullins/2024/08/29/heres-every-billionaire-whos-given-1-million-or-more-to-help-kamala-harris-get-elected/
https://www.bizpacreview.com/2026/04/10/george-conway-tearfully-admits-he-stupidly-gave-his-kids-inheritance-to-biden-victory-fund-1631973/
https://www.washingtonpost.com/politics/donors-can-now-give-620600-to-biden-and-dnc-expanding-democratic-big-money-fundraising/2020/05/16/d2bf51cc-978a-11ea-82b4-c8db161ff6e5_story.html