Dem Committees Continue Their Financial Dominance

Well, it's the 20th of the month, so that means it's time to take a peak into the finances of the two parties three main fundraising arms -- the main party committee and the committees for each house of Congress.

CommitteeFebruary ReceiptsFebruary DisbursementsFebruary Cash-on-HandFebruary Debts & Obligations
DSCC (est.) $4,800,000.00$2,500,000.00$32,800,000.00$500,000.00
NRSC (est.)$3,900,000.00$1,900,000.00$15,300,000$0
DCCC$6,211,397.69$3,682,905.98$38,021,783.47$762,683.65
NRCC$4,554,667.86$5,090,460.12$5,134,204.98$1,900,000
DNC$6,288,340.07$4,550,737.89$4,756,905.94$2,500,000.00
RNC$10,601,168.37$7,366,486.82$25,002,762.30$0
Total
Democrats
$17,299,737.76$10,733,643.87$75,578,689.41$3,762,683.65
Total
Republicans
$19,055,836.23$14,356,946.94$45,436,967.28$1,900,000

A few things are worth noting out of these numbers. First, the Democratic committees have better than a $28 million net cash-on-hand advantage over their GOP rivals. This works out to a rather remarkable 65 percent advantage just nine months out from election day. Would it be preferable to see the Democratic National Committee do as well as the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee, both nominally and relatively? No doubt. But these numbers, along with the numbers from presidential and congressional candidates alike, show that overall the Democratic Party as a whole is on extremely strong footing at this point.

Looking a little more narrowly, the DCCC appears to have successfully head faked the National Republican Congressional Committee into spending way too much money on its losing effort in the special election in Illinois 14th congressional district, which was vacated by former House Speaker Denny Hastert. Over the month of February, the NRCC, which already trailed the DCCC by about $30 million in net cash-on-hand, spent 38 percent more than the DCCC while raising 27 percent less. Combined with the hundreds of thousands of dollars the committee believed it had but in fact didn't, the financial situation at the NRCC probably could not get worse.

Finally, one cannot leave out the DSCC, which has better than a net 2-to-1 cash-on-hand advantage over the National Republican Senatorial Committee. With the DSCC on offense in well over half a dozen races -- and perhaps even a dozen or more -- the situation over at the NRSC is fairly dire, as well.



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Re: Dem Committees Continue Their Financial Domina (none / 0)

I'm all about us raising a ton of money with which to crush the Republicans...

but that is a stupidly huge amount of money.


by LiberalFL on Thu Mar 20, 2008 at 10:29:33 PM EST

Re: Dem Committees Continue Their Financial Domina (none / 0)

Not when we have to use it to battle the free ride the Old Media gives John McCain it isn't.


by usedmeat on Thu Mar 20, 2008 at 11:15:27 PM EST
[ Parent ]

Re: Dem Committees Continue Their Financial Domina (2.00 / 0)

Absolutely. But if in December, they have a little bit left over, I wouldn't mind if they cut me a check is what I'm sayin. =)


by LiberalFL on Thu Mar 20, 2008 at 11:32:12 PM EST
[ Parent ]

Re: Dem Committees Continue Their Financial Domina (none / 0)

It kinda bothers me that the DNC is lagging so far behind though.


ENOUGH!
by JDF on Thu Mar 20, 2008 at 11:37:42 PM EST

Re: Dem Committees Continue Their Financial Domina (none / 0)

Dean doesn't do pay-to-play with the big money donors so they play with others who will. He also raises money directly for the state parties as opposed to previous DNC chairs who would go to states, raise money and then take it home to the DNC. There's a lot of money that the DNC is responsible for having raised that isn't showing up on their balance sheet for that reason. Additionally the presidential primary is hot so all the action is there. Once there's a nominee the DNC will start piling up cash--in $25,000 chunks--after people have maxed out to the nominee.


by Quinton on Fri Mar 21, 2008 at 11:00:09 AM EST
[ Parent ]

All well and good, but (none / 0)

if the DNC and its committees can't figure out how to equitably solve the primary debacle in Michigan and Florida, they won't get another nickel from me.


by Radiowalla on Thu Mar 20, 2008 at 11:59:16 PM EST

Re: All well and good, but (none / 0)

The DNC can't make that decision. The DNC has no intrinsic power. It can help bring Obama and Clinton to the same table, but in the end, it's their call what happens with the delegates from MI and FL. When the DNC and the State Parties have proposed solutions, either one campaign or the other has rejected them. Each has more than enough power to derail a delegate selection plan not to their liking.

If Obama and Clinton want to reach an agreement, they will, but Howard Dean really has no say in the matter.


by ConnecticutHack on Fri Mar 21, 2008 at 02:37:05 PM EST
[ Parent ]

Thanks Jonathon (none / 0)

Can't get enough of those numbers.  I've been in a good mood all year, anticipating all the seats we will pick up in November.

As soon as this endless presidential primary is over, I'll send some $$ to the DNC to help out, along with the $$ for our nominee to help beat McCain.


That One is the Right One for 2008.
by GFORD on Fri Mar 21, 2008 at 12:30:17 AM EST

Re: Dem Committees Continue Their Financial Domina (none / 0)

The DNC $6,288,340.07 actually raised more money over the DCCC $6,211,397.69 or the DSCC $4,800,000.00 and they don't have members of Congress agreeing to match contributions either.  Plus they are paying for 100-150 staffers in the fifty states helping the state parties.  (2 to 3 staffers per state)so they are spending their money faster. I  have also heard but not sure where that when there is a fundraiser for the DNC outside DC that a portion of the money raised goes to that state party.  Personally I like this process but an argument can certainly be made that perhaps this isn't the best way to go about it.  This is a long-term strategy when we have potential for a huge short-term gain, and the long-term side will only work if the next DNC head continues this into the future.  Also I agree with the poster above that people are giving to the short-term gains, Clinton, Obama, DSCC, or DSCC but will soon shift to the DNC and help raise the CoH.  


by steburke on Fri Mar 21, 2008 at 12:40:41 PM EST


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