Dems get $15M loan for the final push before Election Day

[babylonsister]

Dems get a loan for the final push
By JOHN BRESNAHAN | 10/17/08


The Democratic Congressional Campaign Committee, seeing an irresistible opportunity to make big gains on Election Day, has secured a $15 million loan that it will use to splurge on tight races during the last three weeks of the campaign season.

The $15 million loan is nearly twice the $8 million that the National Republican Congressional Committee was able to borrow recently and adds to the huge financial advantage that Democrats already hold over the GOP.

When combined with the cash-on-hand advantage that the DCCC has over the National Republican Congressional Committee — $54 million to $14.4 million as of Aug. 31 — the loan leaves House Democratic leaders with $47 million more than their GOP counterparts to pour into contested districts.

Yet a loan of that size — the largest ever by any member committee in the House or Senate — represents a gamble by Democrats, as well. They’re going into debt in order to grow their majority, betting that they may not see another opportunity like this one for years to come.

After playing down their chances for a large gain in seats for most of the cycle, Democrats are now privately predicting that they will add a net of more than 20 seats on Nov. 4, giving them a huge majority headed into the 111th Congress.

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http://www.politico.com/news/stories/1008/14677.html

[AndyA]

1. The 111th Congress is going to have to do great things.

And they will have to do them quickly. They cannot afford to have the Republicans filibuster, block, and disrupt as they have the last two years.

The Dems need to be able to tell the Republicans to TAKE A HIKE, and TAKE JOE LIEBERMAN with you!

I hope this helps put them in a position to do it! :thumbsup:

[babylonsister]

2. Exactly. I can't wait! This money will be well worth it if

it tips the balance in our favor.