This is not a bad thing. It means that Dem contributors are wasting limited resources on a medium which reaches few and arguably leaves a bad impression on those that it does.
The liberals are doing it to help Ketchup Boy. Its not a serious long term endeavor. They can probably raise enough money to keep it going til after Election Day, when it closes shop. Anyway, the Left already has public radio. No sense in having two liberal radio networks that cannibalize the same audience.