Dem Committees Continue Fundraising Dominance

Another month down, another month in which the Democratic Party committees come close to doubling the Republican Party committees in terms of cash-on-hand:

CommitteeAugust ReceiptsAugust DisbursementsAugust Cash-on-HandAugust Debts & Obligations
DSCC$2,581,005$2,494,820$20,644,920$3,500,000
NRSC$2,357,710$1,701,371$7,122,937$0
DCCC$3,498,997.82$2,655,184.32$22,127,523.30 $3,082,499.64
NRCC$2,535,448.84$2,918,699.30$1,401,618.34$3,950,000
DNC$4,628,116.82$3,850,932.84$4,686,900.32$2,000,000
RNC$5,060,074.99$5,175,549.19$16,019,498.93$0
Total
Democrats
$10,708,119.64$9,000,937.16$47,459,343.62$8,582,499.64
Total
Republicans
$9,953,233.83$9,795,619.49$24,544,054.27$3,950,000

Straight up the Democratic committees held more than a 93 percent advantage in terms of cash-on-hand over their Republican counterparts as of the end of August. Even when debts and obligations are taken into account, the Democrats cash-on-hand lead is $38,876,843.98 to $20,594,054.27, nearly an 89 percent lead.

And these numbers just aren't moving much. As you can see above, the Democratic committees outraised the Republican committees in August while being outspent by their Republican counterparts. Accordingly, the Democrats' cash-on-hand advantage actually grew last month. If the Republicans are to have any hope of keeping the Democrats from growing their majorities on Capitol Hill (let alone retake either chamber), they're going to have to take a bite out of the Democrats' massive lead at some point. And the closer and closer we get to election day the less and less likely it seems that the Republicans will get their acts together.

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

Comments

18 Comments

Re: Dem Committees Continue Fundraising Dominace

I think the simple fact of the matter is it's fricking hard to raise money when two thirds of the country hates you and the remaining third is just plain tired of you. ;-)

by Sean Robertson 2007-09-24 08:03AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

I'm glad to see that the DNC did well.

by Ernst 2007-09-24 08:11AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

Jonathan:

The hidden weakness in your data is the horrible job the DNC is doing with fundraising. Not only are they raising less money than the RNC and have less cash on hand than the RNC, but they are well behind where they were at the same point in the 2005/06 cycle.

The DNC only has $2.7 million on hand (after debt) compared to $16 million for the RNC. This is a very serious problem for the Democratic Party with the convention and state races only a year away.

The DCCC (Van Hollen) and DSCC (Schumer) are doing an incredible job, way ahead of the Republicans and where they were in the 2005/06. Their numbers mask the disaster in the making at the DNC under Howard Dean's leadership.

by hwc 2007-09-24 08:14AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

For comparison:

In their September 2005 filing, the DNC reported $7.8 million cash on hand (after debt) -- roughly three times what they are reporting this month.

by hwc 2007-09-24 08:23AM | 0 recs
You're not looking beyond the numbers

These numbers are not necessarily indicative of a problem.  In the past (pre Howard Dean) money was hoarded to target and spend in the few "states that mattered" in turning an election to a candidate.  No money went for infrastructure or party building.  Unfortunately this approach didn't seem to work for Gore and it certainly didn't work for Kerry.  

Then Howard Dean came along, got elected to the DNC and proceeded to spend money to build infrastructure for a 50 state strategy, a strategy where we fight the Wingnuts everywhere, not in an ever decreasing number of battles where it becomes all or nothing.  (Remember, It was Big Nothing in the last two presidential cycles).  

In the two short years since 2004 the DNC created a 50 state infrastructure.  Yes, it cost money.  We fought everywhere, we fought them in the rurals, we fought them in the cities, we fought them in the heartland, we did not concede, we did not give up. We did not give up.

Suddenly, in an off year, where no one expected to really take both houses of Congress, we did just that.   Granted, the majority is razor thin. But. We. Won.

While the DCCC and the DSCC have been collecting and hoarding money until the primaries start, the DNC has been maintaining a successful infrastructure that is winning.  That costs money.  Money that could be hoarded and turned over the winning Presidential primary candidate or money that could be used to create infrastructure and build a successful Democratic structure, no matter who the Presidential candidate is.  This is the type of infrastructure that creates coat tails where the Presidential (or top ticket) candidate(s) may have none.  

Also, the RNC is actually LOOSING money.  For the month, the DNC gained $777,183.98 versus the loss for the RNC of  -$115,474.20 leading for a net gain for the DNC of $892,931.18 for the  month of August.  Granted, it takes a lot higher burn rate to go through 16 million then these numbers show, but it also looks like the RNC is following a strategy of hoarding money for an eventual primary winner (see above for cautionary tale of this strategy).  Despite overspending their income for the month.  

I see no weakness in these numbers; I see a continuing, effective organization that did not exist for the last two Presidential cycles.  I see planning for the entire Party, I see planning for the long term, not a treasure trove or piggy bank for your favorite Presidential candidate, whoever it may be...

Despite this cheering, I am not associated with the DNC.  I'm just disgusted with half assed job of how the Party organization goes into hibernation for three years between presidential cycles.   Since Howard Dean was elected, I've seen a commitment to the local level that only existed when a campaign thought the area was `winnable' during a major campaign.  The grassroots is no longer being ignored (or used) by the national party.

by NvDem 2007-09-24 01:56PM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

The question is how much of the money bybassed the dnc and went directly to the candidates?

by orin76 2007-09-24 08:18AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

How does that explain the significant increases in fundraising by the DCCC and DSCC?

Folks, the DNC is a serious problem. We have a convention to pay for next summer and (presumably) local races in 50 states (according to the 50 state strategy). Yet, despite a groundswell of movement to the Democratic Party, Dean's operation is running well behind their 2005/06 pace. Needless to say, I think fundraising appeals by the DNC to Florida and Michigan are being met with loud, resounding FU's.

by hwc 2007-09-24 08:26AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

I think the convention does it's own fundraising and relies mostly on large corporate in-kind contributions. One of the few areas not affected by McCain/Feingold.

The real issues are funding the nominee between when the primary is settled and the convention (though neither Clinton nor Obama appear to be hurting), funding field and voter contact, and funding an independent expenditure. The DNC is the only Democratic organization that can fund these efforts in the presidential general election and it is running seriously behind the RNC.

by souvarine 2007-09-24 08:40AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

The Denver Convention Committee is sucking wind on fundraising, too. They missed their June fundraising milestone by $1.5 million and have now stopped issuing fundraising updates.

http://demconwatch.blogspot.com/2007/08/ denver-quiet-on-fundraising.html#links

Ultimately, the money will be raised. If things are still running behind once the nominee is selected in the spring, then a lot of help will quickly come from the national party infrastructure. The party will not want money issues to detract from the messages of the campaign.

http://cbs4denver.com/politics/local_sto ry_227111713.html

Questions about Denver's ability to raise the necessary money were raised when the city was awarded the convention in January. When they were bidding for the event, Denver officials said they had $25 million in commitments but acknowledged that converting pledges into cash would be difficult.

BTW,if I'm not mistaken, Denver was Howard Dean's baby.

by hwc 2007-09-24 08:53AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

Yeah its a shocker. Like we haven't known the Clintons have gotten the corporate suck up wing of the party to stop donating to the DNC and bypass it. Stunning "news" allright. This continues to be a shock every day over the past few years.

Dog bites man, film will not be at eleven.

by ElitistJohn 2007-09-24 09:08AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

opps bypassed

by orin76 2007-09-24 08:18AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

I tend not to give to the national organizations and alot of people don't and the money goes directly into the candidates hands, i.e. all the numbers would be alot higher if the Dccc and Dscc was actually funded more of the races

by orin76 2007-09-24 08:21AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

These numbers show which group is more fiscally disciplined.

by JeremiahTheMessiah 2007-09-24 08:56AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

The DNC shortfall is no that big of a deal since the Democratic candidates are earning so much cash. The DNC isn't getting as much because Clinton is raising $20 - $25 million this quarter.

Clinton + DNC is much higher than Giuliani + RNC.

by C S Strowbridge 2007-09-24 08:59AM | 0 recs
Question

When you talk about the debt and obligations, when does that actually need to be paid off?

And from your post yesterday on the debt left over from last year's cycle for both committees, when does that actually need to be paid off, or can they simply keep on delaying that to the next cycle?

by BruinKid 2007-09-24 10:20AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace

   OK.  What the HELL is Tom Cole thinking over at the NRCC?!  Does he think it's a good idea to go into an election year IN DEBT?  Every quarter it's the same thing: Cole spends more than he raises.  This must be why Boehner is not happy with Cole.  I don't blame Boehner.  Cole looks like he's captain of the Titanic.  Isn't it unprecedented for either the DCCC or the NRCC to still be in debt at this point in the cycle?

by cilerder86 2007-09-24 11:03AM | 0 recs
Re: Dem Committees Continue Fundraising Dominace
I have no idea how unprecedented it is to be out of debt at this point in an election cycle, but in both instances, they may be thinking it is not worth paying off the debt from last cycle since interest rates are rising.  They don't want to chance having to borrow more this cycle and have to pay higher interest on it.
Then again I may have absolutely no idea what I am talking about
by steburke 2007-09-24 01:07PM | 0 recs
Re: Missing Figures

The Democratic Governors Association was lagging FAR BEHIND the RGA counterpart the last time I saw figures.

We need to pay as much attention to the Govs groups as to the others. In state-level combined campaigns, DGA or RGA money can pay for mailings, phone banks, etc. to support all candidates on the ticket.

But the current figures are hard to find. The FEC puts out a press release about the DNR/RNC, DSCC/RSCC, DCCC/NRCC, and so their figures get posted on the blogs. But the FEC release does NOT include the DGA/RGA.

Maybe the news will improve. When I went to Google for the info, the top return is an invitation to join nine Democratic Governors tomorrow night at a fundraiser at the NYC home of Ron Perelman, (D-Revlon).

by Woody 2007-09-24 06:08PM | 0 recs

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