Source:
PoliticoWinning doesn’t come cheap.That’s the lesson
House Democrats are learning as they
enter the 2010 election cycle with $21 million in debt from the 2008 campaign season.
But they are getting a bailout from the party’s favorite ATM: President-elect Barack Obama.Since November, Obama has transferred $3.5 million in leftover campaign funds to the Democratic Congressional Campaign Committee, helping the House campaign arm reduce its post-election debt from $21 million to $13 million, Democratic officials confirmed to Politico.
Obama wrapped up the general election with a surplus of $30 million, and he is allowed to distribute that cash to political committees. House Democrats are already hoping Obama sends a second tranche of money to help them clean up the balance sheet.
“He already has been ,” DCCC Chairman Chris Van Hollen of Maryland said this week, noting the $3.5 million infusion. “Maybe we can look to
more as we go on.”
“They’ve been helpful, and I feel confident they will be more helpful,” said Florida Rep. Debbie Wasserman Schultz, a DCCC vice chairwoman. “It’s a fabulous thing to have a president in the White House, and President-elect Obama has a significant fundraising ability and charisma and I feel like he will be a huge asset.”
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But as they now enjoy a 257-178 majority in the House, Democrats are gearing up for a tougher, more defensive cycle. While Democrats want to take advantage of Obama’s bank account, party officials are anxious about getting out of the red and are telling members and donors to pay up — quickly.
Read more: http://www.politico.com/news/stories/0109/17144.html