Dem Committees Have 75% More in Bank than GOP

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.

Tags: dccc, DNC, DSCC, Fundraising, House 2010, NRCC, NRSC, RNC, Senate 2010 (all tags)



Speaking as an Independent

Speaking as an Independent I find Nancy Pelosi's support of big venture capital provisions in SBIR programs deplorable, the shell game the democrats and the GOP both played with healthcare reform that resulted in mandates for us all to buy from private companies - and nothing - zip, zilch, zero - nada - by way of actual single payer.

This kind of change only telegraphs to me the need to clean house. I ferret out anyone who worked against the public option. So called democrats in the senate that screwed up healthcare reform, as far as I'm concerned, will not deserve reelection. Same goes for the house.

And to be frank, the effect of the blogosphere has changed the money game. In the past, money was so important and legislation was all about raising money for campaigns - you would get a chairmanship as long as you raised big money and the amounts of money needed were and are truly obscene.

but now we're seeing people go all the way to the house and senate on people powered campaigns thanks to the net.

So, I am not impressed with what happened with healthcare reform and I am voting to clean house.

by Trey Rentz 2009-12-21 08:27AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP
Good news for the Dems on the money front get posted on a liberal web site.
It get one comment and it's negative.
Jonathan, why did you even bother?
by spirowasright 2009-12-21 08:36AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP

Jonathan is one of the few frontpagers who seems to want Democrats to retain their majority in 2010. Some other people here want Dems to lose cuz we all know when Democrats lose they become more progressive!!!!! Amirite?

by Lolis 2009-12-21 09:25AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP

All I want is for the healthcare reform that was such a big part of the election of 2008, to actually happen and not see all our work towards change squandered by the concept that lobbyists are necessary.

And if the example of guys like lieberman can't convince you that there are democrats still under the control of lobbyists, who can? are you suggesting we keep him in power?

by Trey Rentz 2009-12-21 09:33AM | 0 recs
what did the RNC

spend so much money on in November? Were they running ads in lots of districts I didn't hear about?

by desmoinesdem 2009-12-21 08:48AM | 0 recs
Re: what did the RNC

They spent A LOT on the NJ and VA governor races, as well as on NY-23.

by Jonathan Singer 2009-12-21 09:40AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP

They've made our job so much easier:

Knock. Knock.

Hi, I'm the mollusk.  I'm working to get our Democratic congressperson re-elected.  As you know, the Congress passed a bill last year that made a lot of folks upset.  It was a step in the right direction but just barely.  It all came down to some very stubborn congresspeople not listening to the overwhelming majority of Americans.  But our Democratic congressperson supports significantly strengthening this bill by adding a provision for a government-administered Health Care plan, which some people call the "public option" to compete with private, for-profit insurance companies.  We were all very disappointed that it didn't pass last year, but there is a lot of energy surrounding this issue right now and we can't lose this moment.  Do you plan to vote next Tuesday?  Who are you likely to support?

by the mollusk 2009-12-21 09:33AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP

Q: Why is a politician like a crab at the seashore?

A: When he is threatened with danger from above, he looks straight ahead and runs sideways. lol

Seriously if we can get a good option in on the bill, in amendment, we'd better hear some deals going on that say so. The house version had a great public option on it - and if it can find its way back in, then we have all won.

by Trey Rentz 2009-12-21 09:35AM | 0 recs
Re: Dem Committees Have 75% More in Bank than GOP

I really think that part of the reason the bill is so unpopular is that it has sucked all of the oxygen out of the political machinery for too long.  It's not really a great bill, but once it passes, I'm guessing it will begin to feel like a victory for the Dems.  And it gives them this weird opportunity to run against themselves next year.  Plus, don't underestimate the fact that next summer and early fall we will be talking about bank regulations and if the Repubs and corporate Dems are too obvious about protecting those people, they will lose big in November.

by the mollusk 2009-12-21 09:47AM | 0 recs
you can bet on

the Democrats protecting the big banks when those regulations come up.

by desmoinesdem 2009-12-21 11:58AM | 0 recs
Re: you can bet on

we'll see.  if they do, i'm changing my moniker to "ludwigmollusk".  fair warning.

by the mollusk 2009-12-21 12:06PM | 0 recs


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