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:
| Committee | October Receipts | October Disbursements | October Cash-on-Hand | October Debts & Obligations |
|---|---|---|---|---|
| DSCC (est.) | $3,100,000 | $2,600,000 | $23,400,000 | $2,500,000 |
| NRSC (est.) | $2,900,000 | $1,700,000 | $9,500,000 | $0 |
| DCCC | $4,074,887.88 | $3,196,607.00 | $29,212,545.58 | $2,082,500.00 |
| NRCC | $3,567,461.32 | $2,609,400.59 | $2,556,566.34 | $3,625,000 |
| DNC | $5,558,909.70 | $5,555,225.16 | $3,257,856.75 | $1,735,791.67 |
| RNC | $8,467,022.10 | $7,376,686.10 | $17,633,966.94 | $0 |
| Total Democrats | $12,733,797.58 | $11,351,832.16 | $55,870,402.33 | $6,318,291.67 |
| Total 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.
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