DNC going broke

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In an election year marked by jaw-dropping Democratic fundraising, one key political player isn't so flush: The Democratic National Committee.

Despite record hauls by Barack Obama and Hillary Rodham Clinton, the DNC has raised less than half the amount taken in by the Republican National Committee.

According to the latest Federal Election Commission reports filed through the end of March, the RNC had $31 million in cash on hand, while the DNC had only $5.3 million. The RNC has raised $36.5 million this year, while the DNC has raised $17.7 million.

If the dems are the ones destined to win and the party everyone wants, why isnt anyone giving them money?

Quote:

Among other things, the fundraising gap has left the Democrats' "coordinated fund" on empty. While FEC regulations allow for $19.2 million in coordinated campaign operations between the party and the presidential campaign, the party has yet to direct any money into that pot. The RNC's is already fully funded.

So the DNC cant help either candidate, no matter which candidate wins the primary.

Quote:

The sluggish fundraising might also inhibit so-called "hybrid advertising," which numbered in the tens of millions in 2004. Hybrid advertising is based on a loophole in FEC regulations, discovered and first exploited by the Bush campaign four years ago, in which the party and campaign can split advertising budgets

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So the DNC wants to do now exactly what they condemned and attacked Bush for?
What happened to those high principles the DNC claimed they had in 2004?

http://www.politico.com/news/stories/0508/10031.html

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Re: DNC going broke

mysteryman wrote:

If the dems are the ones destined to win and the party everyone wants, why isnt anyone giving them money?

The Democratic presidential campaigns have far outraised McCain's. The Democratic campaign committee for the Senate has far outraised its Republican counterpart. The Democratic campaign committee for the House has far outraised its Republican counterpart.

The DNC is the only exception.

Now the DNC's failure in fundraising raises interesting questions, of course - why is it falling back when every other Democratic entity is outraising their Republicans by miles? But the question, "why isn't anyone giving the Dems money?" is not one.

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Everyone loves to hate the DNC - they do things which makes supporters of either side of our nomination battle unhappy.

The DNC needs to become a leader in the fight this fall. And there's a good way to do this: keep running ads like this -

http://www.youtube.com/watch?v=f6ul9iMgmOw

Cycloptichorn

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I.e., these are the numbers for the DSCC (Senate Dems) vs the RSCC (Senate Reps):

Quote:

Democrats Widen Fundraising Lead for Senate Campaigns

Senate Democrats continued to dramatically outraise their Republican counterparts in the first three months of 2008, a differential almost certain to result in a huge spending disparity in competitive contests this fall.

From Jan. 1 to March 31, the Democratic Senatorial Campaign Committee brought in nearly $17 million -- about $5 million more than the National Republican Senatorial Committee raised in the same time period. In March, the DSCC nearly doubled the take of its counterpart, bringing in $8.2 million to the GOP committee's $4.2 million.

Most troubling for Republican strategists is the growing chasm between the two committees' remaining war chests. The DSCC ended March with nearly $38 million in the bank, compared with $17.3 million for the Republican committee.

The DCCC (House Dems) vs the RCCC (House Reps):

Quote:

House Dems Outraise Republicans, Again

The month of March provided an eight-figure take for the Democratic Congressional Campaign Committee (DCCC), the political organization of the majority Democrats in the U.S. House: the DCCC collected $10.1 million last month, ahead of the $7.1 million raised by the National Republican Congressional Committee (NRCC), according to reports both organizations filed Friday with the Federal Election Commission (FEC). [..]

By raising more and also spending less last month than its GOP counterpart, the DCCC widened its advantage in campaign cash on hand over the NRCC to $44.3 million to $7.2 million, a ratio of greater than six to one. The cash-rich DCCC will begin to spend these tens of millions of dollars this fall, primarily to air television and radio advertisements and publish mail pieces in districts in which Republicans are the defending party.

Obama vs McCain in terms of fundraising:

Quote:

Campaign finance: Mammon, McCain and Obama

Both parties' candidates were expected to raise such huge sums that they would find it advantageous to forgo the subsidy. But Mr McCain has not.

He has raised some $72m so far, but spent most of it winning his party's nomination. At the end of March his campaign had about $11.5m in the bank. Such sums are pocket change to Barack Obama, who has raised an incredible $235m. The junior senator from Illinois boasts $51m in cash, insignificant debts and a web-based fundraising operation that parts donors from their dollars at least three times faster than Mr McCain's operation can. And that is before Mr Obama has even clinched the Democratic nomination.

And finally, the individual candidates' own fundraising performance on the Republican and Democratic sides:

Quote:

GOP recruits show lagging fundraising

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It's going to take a whole lot more money for Obama to make a dent in McCain than McCain needs to pummel Obama...much like it's taking Obama truck loads of money to squeak by weakling Hillary.

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Brand X wrote:

It's going to take a whole lot more money for Obama to make a dent in McCain than McCain needs to pummel Obama....

So how do you explain that even now, after months in which Hillary attacked Obama and the media revelled in Wright and bittergate and whatnot, and in which McCain was sailing through without any primary opponent, any concerted attacks from the Democrats (who were far too busy with each other), and any media scrutiny of note, McCain still hasnt been able to build any kind of consistent lead over Obama in the polls?

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nimh wrote:

Brand X wrote:
It's going to take a whole lot more money for Obama to make a dent in McCain than McCain needs to pummel Obama....

So how do you explain that even now, after months in which Hillary attacked Obama and the media revelled in Wright and bittergate and whatnot, and in which McCain was sailing through without any primary opponent, any concerted attacks from the Democrats (who were far too busy with each other), and any media scrutiny of note, McCain still hasnt been able to build any kind of consistent lead over Obama in the polls?

The general will be quite different, still a long way to go. As long as Obama is seen as against Hillary he looks like the strongest candidate...once she's gone, if that happens, Obama will get a spike then it will fade as the general gets rolling.

Like you say up to now it's been Obama hype and the Hillary show.

A primary basically every other week.

MSNBC is already looking to the general and last night began the McCain/Hagee talk but it went no where. If that is going to be the media template then the Wright/Obama issue will be right back on the front burner driving Obama's numbers down deeper than ever.

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We'll see, Brand X.

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DNC going broke

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