Money and the 2010 Midterms
by Jonathan Singer, Tue Apr 20, 2010 at 04:46:30 PM EDT
A bit of cold water for those who think the outcome of the 2010 midterms has already been decided, with the Republicans set to retake one or both Houses of the Congress.
The top 3 Dem campaign committees have outraised their GOP rivals, adding to a financial gap that some on the GOP side believe could rob them of opportunities come Nov.
The DSCC will report having raised $6M in March, barely higher than the NRSC's $5.14M raised. The DSCC also has a narrow cash on hand advantage, with $17M in the bank versus the NRSC's $15M.
Also this month, the DNC outraised the RNC by a $13M to $11M margin. Earlier today, the DCCC announced it would file reports showing it had outraised the NRCC, $9.77M to $8M.
Both the DCCC and the DSCC have paid off all their debt. The DNC still had $3.7M in obligations at the end of last month, though they have yet to report a debt figure this month. None of the GOP committees have showed a debt for months.
Looking deeper into the numbers, specifically into those relating to the House of Representatives, which is viewed as more tenuously in the hands of the Democrats than the Senate, the party in power now holds a $26 million to $10 million cash-on-hand advantage over the challenging Republicans. What does this mean? The national Democrats now have the capability to play in 2 1/2 times more seats than the national Republicans. While this financial disparity isn't assured to remain through November, the fact that the Democrats continue to raise more than their Republican counterparts suggests that all of the talk of the House already having been all but lost for the Democrats might be a bit overblown.