With RNC Faltering, Funders Look Elsewhere
Lagging in Fundraising, the Republican National Committee Might Lose Coordinating Power as Well
By Jesse Zwick 8/2/10 12:00 AM
The traditional fundraising bulwark for the GOP, the Republican National Committee is having a bad year, to say the least. Chairman Michael Steele has managed to get himself noticed for almost everything except his fundraising prowess, from his questioning of the U.S. commitment in Afghanistan to his promising an “off the hook” rebranding effort to make the GOP more appealing in “hip-hop settings.” Steele’s gaffes and antics led Rep. Eric Cantor (R-Va.), the minority whip, to publicly advise him to “focus on the traditional role of the party chair, which is to raise the resources necessary and deliver the election” earlier this month.
Then, just when the embarrassing reports seemed to be dying down, The Washington Times reported that the RNC failed to disclose more than $7 million in debt to the Federal Election Commission. That prompted the RNC’s own treasurer, Randy Pullen, to accuse Steele and his chief of staff, Michael Leavitt, of trying to conceal the information from him. The RNC denied Pullen’s charges, but the damage had already been done. Many conservative donors already believe the RNC is becoming less and less helpful to candidates and less and less relevant to the party itself. Now, many worry that the committee might actually hurt the party’s chances of accomplishing its biggest goal this campaign season: taking back the House in November.
snip//
But
comparing the RNC’s 2010 finances with any year since 2002, the problems become clear. In May, CNN noted that the RNC’s $12.5 million was less than a third of the amount it had on hand at the same time of either the 2002 ($47 million) or the 2006 ($44.6 million) midterm election cycle. The circumstances have all but ruled out the RNC’s chances of substantially helping out the National Republican Congressional Committee, which is itself getting outfundraised by its Democratic counterpart by a ratio of nearly 2 to 1.more...
http://washingtonindependent.com/93296/with-rnc-faltering-funders-look-elsewhere