RNC Holds 6 Times More Cash Than Dems

[paineinthearse]

http://story.news.yahoo.com/news?tmpl=story&u=/ap/party_money

RNC Holds 6 Times More Cash Than Dems

Tue Feb 22, 4:37 PM ET U.S. National - AP

By SHARON THEIMER, Associated Press Writer

WASHINGTON - The Republican National Committee (news - web sites) began the month with a 6-to-1 financial advantage over its Democratic counterpart, with $16.5 million in the bank compared to the Democratic National Committee (news - web sites)'s $2.6 million. The RNC raised $10.5 million in January, according to its monthly report to the Federal Election Commission (news - web sites). The GOP spent $8.7 million, including a $1 million transfer to Senate Republicans' fund-raising committee and nearly $1 million in telemarketing, according to an analysis by Political Money Line, a nonpartisan campaign finance tracking service.

The DNC raised $4.1 million last month, based on its FEC report. It spent $7.6 million, including a donation of $1.5 million to Virginia Lt. Gov. Timothy Kaine's campaign for governor and a $1 million transfer to the Senate Democrats' fund-raising committee. The disparity between the two national committees in January fund raising illustrates the benefit President Bush (news - web sites)'s re-election to the White House can have day to day for his party. However, all is not lost for new DNC Chairman Howard Dean (news - web sites); in the last election cycle, though behind early on, the Democratic National Committee eventually exceeded the RNC in contributions by several million dollars.

Among other party committees filing January reports this week:
_ The National Republican Senatorial Committee began February with $1.7 million in the bank and no debt. It raised $5.3 million in January and spent $4.6 million.
_ The Democratic Senatorial Campaign Committee had $475,648 left after paying off post-election debts. It raised nearly $2.7 million last month and spent just under $2.6 million.
- The Democratic Congressional Campaign Committee, which raises money for House Democrats, began February with $11 million in debt from last year's elections. It had $1.5 million in the bank as this month began. The DCCC raised $1.5 million and spent $1.7 million in January.
_ The National Republican Congressional Committee, the House GOP's fund-raising committee, reported $2 million on hand. It raised $4.6 million and spent $5.8 million last month. The spending included $3.5 million on phone banks.


FEC: http://www.fec.gov/

[Sweet Pea]

1. Grrrrr!

We have to get BETTER at this!!!!!!!!!!!!!

:grr:

[Nite Owl]

2. I thought that there was

so much left over after the election? What happened to that?

[LittleClarkie]

3. How much of an effect is class action lawsuit legislation going to have

I heard one of the reasons, perhaps THE reason, the Repubs wanted to enact this legislation was so that big time lawyers would have less to donate to the Dem Party.

How much were we getting from lawyers anyway?

[whistle]

4. And its building, remember that 10% tithing from their constituents

[Scooter24]

5. I believe it is time

for the DNC to be looking into establishing endowments for their long-term sustainment.

[tritsofme]

6. No big deal

Like I said in a thread like this yesterday, the RNC put up a big fundraising effort in January this year, we did not, for a variety of reasons including our selection of a new chairman.

In fact, the DNC raised more cash in 2004 cycle than did the RNC.