Dem Committees Have 75% More in Bank than GOP
by Jonathan Singer, Mon Dec 21, 2009 at 08:09:17 AM EST
If the Republicans think they have a shot at retaking either the House or the Senate in 2010, their current bank accounts strongly disagree.
According to Hotline on Call, the Republican National Committee under Michael Steele has been hemorrhaging money -- from $22.8 million in the bank at the beginning of the year to just $8.75 million on hand as of the end of November, the point through which the present reports are current. The Democratic National Committee holds a similar $8.3 million in the bank after debt.
But while the RNC has still been able to hold on to a small edge over its Democratic counterpart (albeit a rapidly narrowing one), the GOP's congressional campaign committees have not been so lucky. (For more on this, check out desmoinesdem's post from yesterday.)
In the race for the House in 2010, which the Republicans are thought to have a relatively better shot at, the Democratic Congressional Campaign Committee holds a $13 million to $2 million cash-on-hand advantage. On the Senate side, the Democratic Senatorial Campaign Committee leads the National Republican Senatorial Committee $10.2 million to $7.3 million in available money.
All told, the Democratic campaign committees have a net $31.5 million in the bank, as compared with the $18.05 million held by the GOP committees -- a 75% advantage for the Democrats. Yet unclear is an explanation of how this deficit is supposed to augur well for Republican hopes of reclaiming one or both chambers of Congress in 2010.