RNC Retains $50 Million Cash Advantage Over DNC

[Hope And Change]

RNC Retains $50 Million Cash Advantage Over DNC


By Eric Kleefeld - June 23, 2008, 11:00AM

Here are some new fundraising numbers that complicate the notion that Obama will have an enormous fundraising advantage over McCain this fall: The Republican National Committee now has $50 million more on hand than its Dem counterpart.

The latest FEC filings show that the RNC raised over $24 million in the month of May alone, and has over $53 million cash on hand. By contrast, the DNC raised only $4.8 million, and has just under $4 million cash on hand -- a paltry amount compared to the national GOP's coffers.

This is significant because it reveals just how important Obama's decision to forego public financing really is -- and how much of a risk he's taking by effectively closing down the 527s on his side. Obama will unquestionably retain an enormous head-to-head money advantage over McCain's official campaign committee, but the GOP will almost certainly be able to step in with a parallel apparatus that will be formidable.

http://tpmelectioncentral.talkingpointsmemo.com/2008/06/gop_retains_50_million_cash_ad.php

[democrattotheend]

1. This is disturbing

It could seriously cut into Obama's financial advantage over McCain. I'm donating to the DNC this month...we need to make sure they have money as well.

[Larkspur]

2. Why haven't Obama's big donors helped the DNC?

They can donate close to $30K each.

[dsomuah]

10. Because Obama doesn't really have that many big donors

His money tends to come from smaller donors 1.5 million of them.

[Hekate]

3. Nuts. I didn't want to have to donate to the DNC. Dr Dean is still on board though...

...that makes it better.

Hekate

[madfloridian]

4. Then don't donate to the DNC. No one at DU does.

Or at least very few.

Big donors have not liked him because he wanted to spread the power of out of DC.

Small donors don't donate to the DNC...just because. maybe they are pouting about 2004, maybe they are just not caring.

Why bother?

[Larkspur]

14. I donate to the DNC. I'm a Democracy Bond holder

and have been once since Howard Dean became DNC Chair. I support Dean's vision of the 50 State Strategy.

I've donated more money to the DNC than to Obama and based on Obama's position on FISA I won't donate to Obama's campaign.

[madfloridian]

5. You can thank Florida Democrats and big donors for that.

Say thank you.

[iamjoy]

6. Yep, That's Why I Don't Mind

I knew this, and it is how I justify Obama not taking public financing. Sure, it will give him an enormous fundraising advantage over McSame, but that is necessary to balance out the vastly overfunded right wing smear machine. McSame is powerless to stop these. In fact, Obama is still at a disadvantage, even if he raises more money than the RNC and McSame put together because he is too much of a gentleman to run really nasty ads against McSame, but the RNC and cohorts will be running them against Obama.

To be fair to McSame, I think he will avoid participating in nasty smears, but he'll be powerless to stop his cronies from it.

[uponit7771]

7. The DNC and Obama, IMHO, aren't getting the donation word out. I ask people and they

...don't know about donating online and how to go about do so.

It's a little frustrating that Obama's campaign is under 30 million already.

[high density]

8. It shouldn't be frustrating

May was a dead month. Clinton was just going through the motions until "the end" and the battle against McCain hadn't really started yet. I thought there was little reason to donate in that month.

[yourguide]

9. They know what dire straights they are in.

I went down to grab a bite to eat for lunch and 2 kids were out there canvasing for the DNC on the sidewalk.

However, to get everyone's attention they were yelling "Do you have a minute for Obama?"

I stopped and talked to one of them for a sec but they were def canvassing on behalf of the DNC, they had some forms and flyers and such.

[dsomuah]

11. Their only fundraising advantage.

Yes the RNC is outraising the DNC but ...

The DSCC is outraising the RSCC

The DCCC is outraising the RCCC

most Dem gubernatorial candidates are outraising their republican counterparts

and ...

of course ...

Obama is outraising McCain

[madfloridian]

12. How soon we forget.....

http://journals.democraticunderground.com/madfloridian/1970

http://journals.democraticunderground.com/madfloridian/1946

http://journals.democraticunderground.com/madfloridian/2011

The threats to Dean and his fundraising during the primary are all too quickly forgotten.

And how many more big donors did Dean have to refund money to in order to abide by the rules for the primary? Here is one for $28,000. How many more.

http://journals.democraticunderground.com/madfloridian/1950

You do not take the party back from corporations and have them go along.

That is why the convention is having troubles.

[madfloridian]

13. AND another thing...DU has been battleground central for withholding DNC funds.

Everytime Congress took a vote....people came here to say stop giving to the DNC....it was the only weapon we as grassroots had because the other committees in the party depend on corporate donors.

You reap what you sow. DU helped keep the DNC from getting needed funds.

[Donkey_Punch_Dubya]

15. Wait. Does this mean no Dem 527s at all this fall?

The article gives that impression, and I know MoveOn closed their 527. But there absolutely needs to be ads on the air from progressive and Dem 527s this fall. At minimum they will need to respond the onslaught of right wing 527 smears and Swift Boating.

Can someone clear this up for me?