Wooing the Republicans (despite them being scoundrels openly) is the wealthy and powerful tacitly saying they believe that the Democrats are toothless. The Democratic Party has shown no real leadership, has no real popularity (again, despite an open scoundrel being the President opposing them giving them a perfect target for energizing undecided voters!) and has no interest in changing their tactics or platform to increase their popularity. While the Democrats are likely to make gains and have a better shot than they deserve at winning the presidency in 2028, they are very much unloved and will be at risk of being deadlocked in Congress and then kicked right back out in later election cycles.

An example, "... A record-high 45% of U.S. adults identified as political independents in 2025 ... Importantly, these party shifts do not indicate that Americans are warming to the Democratic Party. In fact, favorable ratings of the Democratic Party are no better than those of the Republican Party, and are among the worst Gallup has recorded for the Democratic Party historically." from https://news.gallup.com/poll/700499/new-high-identify-politi...