Democratic Committees Still Hold Massive CoH Advantage

The November 20 filings from the parties' campaign committees are in (all of which except for the two Senate committees you can see on the FEC's website). It looks like the Republicans were finally able to ramp up their fundraising, cutting a bit of a chunk into the Democrats' overall lead. Nevertheless, in the aggregate the Democratic committees continue to hold an unprecedentedly large advantage over their Republican rivals. Take a look:

CommitteeOctober ReceiptsOctober DisbursementsOctober Cash-on-HandOctober Debts & ObligationsDSCC (est.)$3,100,000$2,600,000$23,400,000$2,500,000NRSC (est.)$2,900,000$1,700,000$9,500,000$0DCCC$4,074,887.88$3,196,607.00$29,212,545.58$2,082,500.00NRCC$3,567,461.32$2,609,400.59$2,556,566.34$3,625,000DNC$5,558,909.70$5,555,225.16$3,257,856.75$1,735,791.67RNC$8,467,022.10$7,376,686.10$17,633,966.94$0Total
Democrats$12,733,797.58$11,351,832.16$55,870,402.33$6,318,291.67Total
Republicans$14,934,483.42$11,686,086.69$29,690,533.28$3,625,000

At this point, the Democratic committees hold a $26,179,869.05 advantage over their Republican rivals in cash-on-hand, about $2 million less than it's lead in last month's reports. When debts and obligations are taken into account, the Democratic committees' advantage is $23,486,577.38, only about $500,000 less than their lead last month (due to Democrats' efforts to pay down debts).

As I noted last night, these numbers cannot be overlooked when thinking about the overall state of the race in 2008, not only for the White House but also for control over both chambers of Congress. For instance, with the Democratic Congressional Campaign Committee holding a $28.1 million cash-on-hand advantage over the National Republican Congressional Committee when debts and obligations are taken into account, it's awfully difficult to envision House Republicans being able to limit their net losses next fall very successfully. Similarly, with the Democratic Senatorial Campaign Committee holding close to an $11.5 million net cash-on-hand advantage over the National Republican Senatorial Committee, it's hard to see the Republicans being able to defend all of their open seats successfully, let alone defending some of the seats that are vulnerable this cycle, let alone giving any of the Democrats a meaningful challenge. Certainly one would hope that the Democratic National Committee would begin to ramp up its fundraising efforts at some point. That said, given the high likelihood that the Committee will find itself flush with cash once a nominee emerges (as was the case in 2004), I'm not terribly worried.

Overall, very strong numbers for the Democrats.

Tags: 2008, dccc, DNC, DSCC, Fundraising, House 2008, NRCC, NRSC, RNC, Senate 2008 (all tags)

Comments

18 Comments

Still Hold Massive CoH Advantage

It's not that the DNC hasn't "ramped up" its fundraising, it's spending nearly every dollar it raises, leaving it almost broke.

by Vox Populi 2007-11-21 03:35PM | 0 recs
Re: Still Hold Massive CoH Advantage

Yeah, though the RNC is beating it in both fundraising and spending. Still, at least this time the DNC took in more than they spent (barely).

While the democratic presidential nominee will have plenty of cash on hand, it would be nice if that soft spot could be amended.

by Nautilator 2007-11-21 03:49PM | 0 recs
Re: Still Hold Massive CoH Advantage

My suspicion is that it's not that the DNC is slacking, but that Republicans only see an opening in the presidential race, so they're pouring money into the RNC like crazy.

by frankies 2007-11-21 03:58PM | 0 recs
Re: Still Hold Massive CoH Advantage

Isn't the purpose of the DNC "Party Building"? These numbers tell me that the DNC is continuing its investment in party building and putting the money to work early in the cycle.  This will magnify the results later (Emily's list formula).  

The DNC is paying for organizers on the ground in all 50 states.  Hardly something that the RNC is doing.  I have always been against the concept that the DNC is a "piggybank" for the eventual Nominee and needs to hoard cash at this time.  

I expect to see the DCCC and the DSCC building their cash positions for the general cycle.  I am pleased that they are so far ahead.   I wonder how much less money will they need to spend this cycle because of the groundwork the DNC is doing now?    

by NvDem 2007-11-21 04:30PM | 0 recs
Re: Still Hold Massive CoH Advantage

Party building? Maybe in Vermont. The DNC certainly isn't doing a very good job of "party building" in Florida.

They can't even manage to engineer a date for the New Hampshire Primary until Thanksgiving? Are you kidding me?

What has Howard Dean been doing? Playing tiddlywinks? He certainly hasn't been fundraising.

by hwc 2007-11-21 05:08PM | 0 recs
Re: Still Hold Massive CoH Advantage

Vermont?  God forbid they invest in places like Kentucky, New Hampshire, Missouri, Montana, Virginia, Indiana, Arizona, Colorado, Connecticut, or any of those places.  Because we didn't win any seats there in 2006.

by Vox Populi 2007-11-21 06:47PM | 0 recs
Re: Still Hold Massive CoH Advantage

Oh yes we did.
A sample of some Republican Losses to Democrats in 2006 in the states you mentioned.

Montana -  John Tester, Senate
Virginia - Jim Webb, Senate (this win created the controlling plurality in Senate for Dems)
Arizona - Gabrielle Giffords, Congress 8
Arizona - Harry Mitchell, Congress 5
Connecticut - Joe Courtney, Congress 2
Connecticut - Chris Murphy, Congress 5
Indiana - Joe Donnelly, Congress 2
Indiana - Brad Ellsworth , Congress 8
Indiana - Baron Hill, Congress 9
Kentucky - John Yarmuth, Congress 3
New Hampshire - Carol Shea-Porter, Congress 1
New Hampshire - Paul Hodes, Congress 2

Seven States with Turnovers favoring the dems out of ten states you mentioned....
Please, research your facts first. Thanks.

by NvDem 2007-11-21 07:25PM | 0 recs
Re: Still Hold Massive CoH Advantage

Pssst... it was called sarcasm! :)

by Vox Populi 2007-11-21 07:46PM | 0 recs
Re: Still Hold Massive CoH Advantage

Whoops! I missed it......

by NvDem 2007-11-21 07:55PM | 0 recs
Re: Still Hold Massive CoH Advantage

Methinks thou doth protest too much.

Let's review:  The NH Primary is decided by the NH Secretary of State, by State law it has to be one week before any other similar contest.   Which seemed to have been 'engineered' and decided until two states decided that they wanted to jump over the early window state primaries (despite ignoring early caucus bidding process and not participating in it), and threw the schedule into chaos.  Guess which states.... yes, Florida and Michigan.  And the date of the New Hampshire contest was not decided until yesterday or today, subsequent to a Judge's decision on the Michigan date.  Blaming the DNC for that timing is disingenuous to the DNC.  

In Nevada, we've had organizers on the ground since Dean was elected chair, they've been hard at work and the results are showing.  (Yes, I know that we were one of the lucky first states to get them, but I've seen the work and the inroads that they've made to creating a democratic wave).  We also went through the bidding for an early primary process, and won, fair and square.

by NvDem 2007-11-21 06:51PM | 0 recs
Advantage

I am really happy with Chris Van Hollen's stewardship of the DCCC so far.

by Vox Populi 2007-11-21 04:06PM | 0 recs
Re: DCCC and DSCC

I'm happy with the way both the committees are being run, for the most part. I have an issue with my Senator about the new Attorney General, but he can't be faulted for raising the needed funds for the bigger fight.

Looking at the expenditure side, the DSCC may not have to send much funds to NH, or even to VA, or CO, or NM. Going up against incumbents, even those in trouble, may require a little money for OR, MN and ME. And as an incumbent protection organization, the first obligation will be to protect our seat in LA; but even there, Mary Landrieu has gathered up a few million on her  own.

Could it be that the DSCC will only have to put $1 or $2 million TOTAL into the top eight races?!?!

That would leave, at the current count, more than $20 million to put against McConnell in KY, Dole in NC, Alexander in TN, Imhofe in OK, Cornyn in TX, and even a Repub to be named later in AK and ID. We can still hope for something in MS, KS, WY, WY, and maybe Vitter's seat in LA, or AL, GA, or SC, what the heck, and know that the DSCC will have some funds if one of these 2nd and 3rd tier races suddenly gets hot.

With almost a dozen races in the Border states and the South, I hope Schumer will not write off that region, but will look for a few ripe targets and go for it.

by Woody 2007-11-22 09:08AM | 0 recs
DNC still a massive disaster

Certainly one would hope that the Democratic National Committee would begin to ramp up its fundraising efforts at some point. That said, given the high likelihood that the Committee will find itself flush with cash once a nominee emerges (as was the case in 2004), I'm not terribly worried.

Certainly one would hope that the blogosphere would recognize Howard Dean for the total abject failure he has been as Chairman of the DNC.

Not only has he left the financial cupboards empty, but he has kissed off Florida's 27 Electoral College votes for the evenual nominee.

This is exactly the kind of disasterous leadership that some in the party wanted to prevent by putting Ed Rendell in as a General Manager at the DNC to keep Dean from running it into the ground.

by hwc 2007-11-21 05:05PM | 0 recs
Re: DNC still a massive disaster

The DNC is raising more money than any of the other committees.  Why are you being such a bitter person?  Is your candidate in that much trouble?

by Vox Populi 2007-11-21 06:45PM | 0 recs
Re: DNC still a massive disaster

I agree with you, why so bitter?

by NvDem 2007-11-21 07:33PM | 0 recs
Re: DNC still a massive disaster

He's upset because of Hillary's flagging campaign.

by Vox Populi 2007-11-21 07:47PM | 0 recs
Re: DNC still a massive disaster

thanks for the info.

by NvDem 2007-11-21 07:52PM | 0 recs
It's FOUR committees

So we're missing one set of numbers. The Federal Election Commission only reports the three, so that's what the much-maligned stenographic mainstream media reports.

(Ummn. Why would a Repub-controlled agency neglect to report the one fund-raising arm of the Rep Party that has been piling up the dough? Oh, excuse the tinfoil. No one in this administration would ever try to manage the news or the releases of any govt statistics. Never.)

Sad to say, last time I saw figures, the Repub Governors Association was millions ahead of the Democratic GA. Well, maybe they spent it all in LA and KY. But until someone who knows their way around the stats better than I do can find the RGA and DGA money disclosures, we just don't know, do we?

by Woody 2007-11-22 08:28AM | 0 recs

Diaries

Advertise Blogads